Terra Luna Classic (LUNC) Jumps 20% After Binance Burns 5.33B Tokens

AI Overview

• Terra Luna Classic (LUNC) surged nearly 20% following a major token burn by Binance. According to reports.
• Binance destroyed 5.33 billion LUNC tokens under its trading fee program. As data shows.
• Over 436 billion LUNC have been burned since Terra's 2022 collapse. According to the report.
• LUNC faces resistance between $0.000043 and $0.000049. Market analysis indicates.
• The coin remains below its 2025 highs despite the rally. According to financial data.

Terra Luna Classic (LUNC) rallied sharply this week, jumping nearly 20% to $0.000045. Binance executed a massive token burn that removed 5.33 billion LUNC from circulation. Trading volume exploded 620% to $110 million as market confidence improved. Still, LUNC trades below its 2025 levels amid lingering technical resistance. According to market analysis.

Why Did Terra Luna Classic (LUNC) Price Surge Recently?

Binance's fee-burn program triggered LUNC's rally by destroying 5.33 billion tokens. This cut supply from 6.477 trillion to 6.471 trillion tokens instantly. Community initiatives added momentum by burning another 124 million tokens. These burns mark ongoing efforts to counter hyperinflation after Terra's 2022 implosion. The moves sparked a rush of speculative volume into LUNC. According to the report.

Market sentiment faces headwinds from Terra's legal legacy. Co-founder Do Kwon received a 15-year prison sentence for fraud. This closure reminds investors of structural risks surrounding LUNC. Regulatory challenges may persist despite the token's recent gains. According to news reports.

How Much Has LUNC's Supply Been Reduced?

Binance's recent burn represents the largest single reduction event. Community efforts added 124 million tokens burned through on-chain mechanisms. Over 432 million LUNC were removed in the past week alone. These actions demonstrate sustained commitment to supply reduction. According to financial data.

Total burned tokens since May 2022 exceed 436 billion. This supply drop aims to restore scarcity after Terra's collapse. The strategy focuses on tightening available tokens to support prices. Progress remains gradual given LUNC's trillion-plus circulating supply. According to market analysis.

What Are the Key Technical Levels for LUNC?

LUNC faces immediate resistance between $0.000043 and $0.000049. Market analysis shows support sits near $0.000039, a critical floor for buyers. These levels will dictate near-term price direction. Breaking resistance could signal more upside potential. According to technical indicators.

Chart patterns show a tightening triangle formation. This structure has support near $0.0000380 and resistance at $0.0000400. Exponential moving averages suggest bearish pressure persists long-term. Traders monitor these boundaries for breakout signals. According to technical analysis.