Terra Luna Classic’s (LUNC) latest burn report reveals 37,378,535 tokens splashed on Thursday, which practically matches the burning record of the previous day. With a maximum supply of 6.48 trillion, this has been cut down to 5.51 trillion ever since the volunteer community started to incinerate leftover tokens along with Binance.
Massive Terra Classic Burns, No Price Appreciation
Certainly, the biggest crypto exchange by trading volume is leading the register, accounting for more than 60% of overall LUNC burns. This is being done every month, derived from the LUNC trading pair fees of the previous month. Binance burns 50% of the collected monthly fees, now counting up over 74,670,793,595 Terra Luna Classic coins burned.
Despite the steady records of burns, Luna Classic’s (LUNC) price performance is far from bullish. The altcoin couldn’t shake off the post-apocalyptic vibe ever since the horrendous Terra Classic USD (USTC) de-pegging back in May, 2022, leaving the rebranded sister coin struggling at meme coin price levels.
Bears Go Ballistic On LUNC: Can Support Soak It Up?
While the broader Luna Classic community is dreaming of restoring $1 peg for USTC, as well as pushing LUNC beyond this level, the technical implications are rather strict. Judging by the data from TradingView’s 4-hour crypto price charts, a bearish divergence is established as trading volumes stagnate just above $10 million in 24 hours.
Things aren’t looking any much better on the Parabolic Stop & Reverse (SAR) meter, used to indicate the ongoing trend. With the blue dots flashing way above Terra Luna Classic’s current price range, LUNC might be bracing itself for a larger dip below the green-label Bollinger Band (BOLL), situated at $0.00005224.
Certainly, a breakthrough above $0.00005702 would invalidate the bearish thesis. Regardless, cold LUNC Spot trading volumes, as well as the neglect from crypto currency whales, paint a dim picture for Terra Classic’s (LUNC) revival plans in the meantime without a clear catalyst invoking strong trader enthusiasm.
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People Also Ask:
Terra Classic burned 37,378,535 LUNC yesterday, October 8, 2025, a 0.0006% dip from prior days, as part of the ongoing post-2022 crash strategy to cut the 6.486 trillion supply.
The burn rate’s slumped due to lower trading volume in Q3 2025’s crypto correction, with Binance’s latest 356 million LUNC burn on October 1 reflecting reduced fee revenue.
LUNC’s at $0.000053, down 0.63% today, with TradingView showing bearish signals—RSI at 40 and MACD divergence—suggesting bulls are struggling despite burns.
Over 100 billion LUNC are burned since 2022, but current 37 million/day pace means decades to hit deflationary targets—experts say a volume surge is needed for a $1 shot.
With bearish momentum and low volume, it’s tough—Binance’s burns add pressure, but a market rebound or new utility could spark a rally if sentiment shifts.
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