Why Is Terra Luna Classic (LUNC) Price Up Today? Binance Behind It!
The post Why Is Terra Luna Classic (LUNC) Price Up Today? Binance Behind It! appeared first on Coinpedia Fintech News
Terra Luna Classic (LUNC) surprised the crypto market on New Year’s Eve with a sharp rally of nearly 20% in just 24 hours. LUNC token price climbed to around $0.000045, with its market cap hitting close to $250 million.
The sudden move left many traders asking what triggered the rally and whether it has real strength behind it.
Binance Burn Triggers Sudden LUNC Rally
One of the main reasons behind LUNC’s sharp price jump was a massive token burn linked to Binance. According to on-chain data, a single transaction destroyed 5.33 billion LUNC under Binance’s trading-fee burn program.
This burn reduced LUNC’s total supply from about 6.477 trillion to nearly 6.471 trillion tokens, tightening supply and boosting short-term market confidence.
Right after the burn, LUNC’s price climbed to around $0.000045, while trading volume exploded to nearly $110 million, marking a massive 620% jump in daily activity.
Community Burns Add More Fuel
Binance was not alone in reducing supply. The Terra Luna Classic community also played its part, burning an additional 124 million LUNC during the same period, through on-chain mechanisms and smaller initiatives.
While this amount is tiny compared to Binance’s burn, it shows that community efforts remain active and consistent.
Since the Terra ecosystem collapsed in 2022, the LUNC community has focused heavily on reducing supply. So far, more than 436 billion LUNC tokens have been permanently destroyed.
In just the past week, over 432 million tokens were burned through a mix of exchange burns and on-chain taxes.
Lunc Token Price Analysis
Despite the recent excitement, LUNC finished 2025 down nearly 65%. On the 4-hour chart, the price is now moving sideways after a sharp drop, showing that selling pressure has eased, but buyers are still cautious.
LUNC is holding above a key support zone near $0.000039, which suggests buyers are defending this level well.
On the upside, strong resistance sits between $0.000043 and $0.000049. A clear break above this range could push the price toward $0.000065.
Meanwhile, the RSI is near 52, showing a neutral market with no strong buying or selling momentum yet.
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