Terra Luna Classic (LUNC) Update –
🔹 Binance has burned over 498.6M LUNC this month, part of 73.04B total burned by them — 17.8% of all community burns.
🔹 Total community burn now exceeds 411.17B LUNC, lowering supply to 6.49T.
🔹 Despite burns, price remains low at $0.00005718, with a 27% drop in trading volume.
🔹 Bearish signals continue: death cross, 20-EMA below 50-EMA, and risk of falling below $0.000055 support.
🔹 Mixed futures sentiment: slight open interest rise on Binance, decline on Bybit.
🔹 Community eyes the InterChain Summit (June 20–21) and key proposals like reactivating the Market Module.
➡️ Burns help reduce supply, but price recovery needs stronger momentum and market interest.
