Terra Classic, the chain left after the 2022 Terra (@terra_money) collapse, raised its $LUNC burn tax to 1.5% on August 2, 2026. The tax burns part of every on-chain transaction, yet about 5.5 trillion tokens remain. Why the supply barely moves:

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Terra Classic burns pick up pace after the community tripled its transaction tax terra-luna:native traded at $0.00005497 today, up 4.44%. This comes just weeks after governance raised the on-chain burn tax to 1.5%, the network's biggest tokenomics change in over a year. LuncScan data puts cumulative burns at 456.1 billion tokens, 6.6% of total supply. Binance's separate monthly program removed another 275.6 million LUNC on August 1, taking its running total to 87.43 billion. Thursday's on-chain burns alone passed 72 million tokens against a circulating supply of 5.54 trillion.

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