Terra Luna Classic (LUNC) is attracting renewed attention as technical and on-chain developments align for a potential move. Since the start of its burn initiative in 2022, over 408 billion LUNC tokens have been permanently removed from circulation — including more than 205 million over the past week alone.
Key Developments:
Token Burn Activity
The ongoing burn mechanism continues to reduce circulating supply, maintaining deflationary pressure.Upcoming Network Upgrade (v3.3.0)
The forthcoming v3.3.0 update is expected to improve network functionality and could boost validator and developer participation.Market Metrics (as of May 15, 2025):
Price: ~$0.0000655
24h Volume: ~$16.6 million
Market Cap: ~$352 million
Circulating Supply: ~5.45 trillion LUNC
Technical Overview:
Support: $0.000063
Resistance: $0.000073
Breakout Targets: $0.000078 to $0.000081
Breakdown Risk: Below $0.000063 may open the path to $0.000058
LUNC recently tested and rejected the $0.000073 resistance, with price now consolidating near the support zone. A confirmed breakout above resistance may trigger short-term bullish momentum, while a failure to hold key support could shift sentiment bearish.
Conclusion:
The combination of active token burns and upcoming technical upgrades positions LUNC as a token to watch. However, market participants should remain cautious and evaluate whether the bullish narrative is already priced in.