Binance carries on the contribution towards a gradual reduction in Terra Luna Classic (LUNC) tokens. The largest exchange by trading volume just burned another batch of tokens, including 50% from the garnered fees from relative trading pairs during September, 2026.
On the first day of October, Binance burned 334,879,422.009852 Terra Luna Classic tokens, now visible on-chain. Judging by on-chain records from the blockchain’s explorer, Binance now accounts for more than 88 billion of LUNC tokens eliminated from supply. This puts the remaining circulation at approximately 5.51 trillion coins.
Cumulative Burns Top 460B, Price Still Flopping
On-chain trackers put the cumulative burn number at 460,108,314,222 now. Crypto analysts on X have been questioning why the latest burning campaign barely reflected on the price of LUNC. Going deeper into the daily stats, it couldn’t be clearer that the game-tested altcoin lacks trading demand, collecting below $10 million in 24-hour trades.
Slipping below two key moving averages brings another obstacle. Presently trading at the support of $0.000052, Terra Luna Classic’s (LUNC) price is well below both the Double Exponential Moving Average (Double EMA) & The Smoothed Moving Average (SMA).
The mid-May heights of $0.00012 are looking a far distance away on the daily charts. On the other hand, Luna Classic’s (LUNC) price saw growth in the Chaikin Money Flow (CMF) since mid-September, pointing to 0.14 now.
Whales Bring a Long-Awaited Catalyst For LUNC
That indicates resurgence in whale interest as buyers attempt to round up the bottom before a drastic price movement: this depicts very similar behavior to the late April-early May’s rally, producing the quarterly high at $0.00012.
With stagnant figures on Spot markets in terms of trading, the LUNC burning efforts may not immediately reflect on price. The deflation is mirrored in the supply count, but the price heavily relies on demand. In Terra Luna Classic’s (LUNC) case, it’s been consumed by competition.
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