On June 1, 2025, Binance conducted a major burn of Terra Luna Classic (LUNC) tokens, contributing to a total of over 72 billion LUNC that have been burned since the program began. This is part of an ongoing effort to reduce the circulating supply of LUNC, which is currently around 5.5 trillion tokens.
Token burning reduces the circulating supply, which, according to the principle of supply and demand, can lead to price increases if demand remains constant or increases. However, the actual impact also depends on many other factors such as market sentiment, trading volume, and macroeconomic events.
The 50-day Moving Average. Currently, the price of LUNC is fluctuating around $0.000059, with a 24-hour trading volume of about $7.5 million. If the price maintains above the 50-day moving average, this could indicate a short-term upward trend.