Price of $LUNC Prepares for a Burning Milestone of 410 Billion Tokens – What’s Next for Terra Luna Classic?
The cryptocurrency market is buzzing with renewed attention on $LUNC (Terra Luna Classic) as the community approaches a significant burning milestone of 410 billion tokens. While the price action remains relatively subdued, long-term investors and community members are looking at this moment as a potential catalyst for change. Here’s a comprehensive look at what’s happening, what it means, and where $LUNC could go from here.
🔥 Burning of 410 Billion Tokens – A Historic Turning Point
Until this week, more than 409.4 billion LUNC tokens have been burned since the project's inception. With a current weekly burn rate of over 304 million, the community is on track to exceed the 410 billion mark either by the end of June or even sooner. This is more than a symbolic achievement; it is a fundamental move toward deflation of the supply in a token that once suffered from rampant inflation.
📉 Current Market Status
Price (as of Friday): $0.000061
Weekly High: $0.000073
Retracement from the peak of December 2024: -64%
The current consolidation phase comes amid a broader cooling in altcoins, but the psychological importance of the 410 billion milestone could spark renewed price action.
📊 Technical Outlook and Prediction
LUNC is trading sideways, but this period of consolidation may be the calm before a breakout, especially with community sentiment warming up.
📈 Bullish Scenario:
If the burning milestone sparks renewed interest from investors:
A breakout above the resistance of $0.000073 could open the door to $0.000080–0.000085.
With enough momentum, a new test of $0.00010 is possible in a high-volume environment.
