The globe’s leading crypto exchange by trading volume just destroyed a heavy batch of Terra Luna Classic (LUNC), carrying on the monthly burning campaign. Praised by several Luna Classic community members, this move now adds up to a total of 72 billion since the launch of LUNC’s burning campaign in mid 2022.
This puts the remaining Terra Classic’s (LUNC) circulation at 5.5 trillion, eradicating approximately 900 billion in collective communal efforts. Since the Terra ecosystem’s horrendous crash in May, 2022, daily LUNC burn rates were never as high as recently, but the downtrodden altcoin still dipped 25% in 365 days.
Not The Bottom For LUNC Yet?
While cryptocurrency whales have laid off the sell-offs this week, most large investors are still reluctant to add to their current LUNC positions. As a result, the Chaikin Money Flow (CMF) meter dwells in neutral territory, while the lack of buying power is clearly mirrored in the charts.
As we can learn from the chart above, Terra Luna Classic’s (LUNC) price movement is yet to pick up strength at the middle-tier Bollinger Band (BOLL). Depicted in blue, this mid-tier BOLL envelope indicates a digital asset’s short-term trend, so daily closure above $0.00006112 would push dominance back to the bullish side.
So far, the only positive on-chain metric on LUNC’s price is the Parabolic Stop & Reverse (SAR) signal. Portrayed in the blue dots hovering slightly below the current Terra Luna Classic’s price, this confirms a ‘buy’ signal according to the SAR. However, the Parabolic SAR is not sufficient on its own – LUNC chain would need to obtain a revival in trading volume to make a difference.
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People Also Ask:
Binance burned 466 million Terra Luna Classic tokens on September 1, 2025, to cut supply and potentially lift LUNC’s value, supporting the community’s recovery efforts post-2022 crash.
Binance burns 50% of LUNC trading fees monthly to reduce the 5.5 trillion circulating supply, countering hyperinflation from Terra’s collapse and aiding price stability.
The burn, though small, fuels optimism. However, the altcoin’s price dipped 6% to $0.00007068 recently, with 25% higher trading volume signaling interest but no immediate spike.
The 466 million burn helps but is minor compared to 400 billion total burned. A rally to $0.0005 is still on the cards this year, yet volatility and market trends demand caution.
Binance’s burns signal ongoing commitment to LUNC’s revival, yet their limited impact highlights the challenges of stabilizing altcoins. Investors should tread carefully due to market risks.
