The Terra Luna Classic (LUNC) token continues to be the center of attention in the crypto community. After the crash in 2022, when its value dropped significantly, the community is making efforts to restore and develop the project.
One of the key recovery mechanisms is the LUNC token burning process, which is aimed at reducing the total supply and potentially increasing the price. For example, 320 million tokens were burned in October 2024, which led to a short-term increase in the price of LUNC.

#LUNA✅ Binance Burns 1.7 Billion LUNC Tokens: Terra Classic’s Road to Revival
The Terra Classic ($LUNC) community is reigniting its dreams with an extraordinary milestone—Binance has just burned a staggering 1.7 billion LUNC tokens in the 29th batch of its monthly burn initiative. This fiery move represents $233,156 worth of trading fees obliterated, bringing Binance’s total LUNC burns to a jaw-dropping 68.39 billion tokens!
🔥 The Burn Revolution
Binance, the world’s largest crypto exchange, continues to lead the charge in supporting the Terra Classic ecosystem. But this isn’t just a one-player effort—the Terra Classic community has collectively burned nearly 395 billion LUNC tokens in just two years. Such an unwavering commitment showcases the community's determination to restore the token's former glory.
At the forefront of this movement is Validator Lunanauts, spearheading the "Buy Back and Burn USTC" campaign. By swapping LUNC rewards for USTC and sending them to burn wallets, Lunanauts has inspired others to join this collective effort. It’s a rallying cry for the revival of both LUNC and USTC.
💥 The Bigger Picture
With Binance’s consistent support and community-driven initiatives gaining momentum, the Terra Classic ecosystem is on the brink of something big. The narrative for a LUNC and USTC revival is stronger than ever. Binance’s monthly burn mechanism is not just reducing supply—it’s reigniting hope, confidence, and a potential bullish cycle for LUNC.
🚀 Is a Massive Bull Run Brewing?
As LUNC’s supply dwindles and demand potentially increases, the stage may be set for a massive price rally. With nearly 400 billion tokens burned, the Terra Classic community has shown that collective action can shape the future.
The burning fire isn’t just about numbers; it’s about rebuilding trust, igniting excitement, and showcasing what a united crypto community can achieve.
What’s Next for LUNC?
The crypto world is watching closely. With Binance and the Terra Classic community working hand in hand, LUNC’s journey is far from over. Could this be the start of the next bull cycle for Terra Classic?
#USJoblessClaimsDrop #BinanceAlphaAlert #LUNAUpdate $LUNC

The Terra ecosystem's native token, $LUNA , has captured the attention of investors ever since its astronomical rise in 2021. With the cryptocurrency market always filled with speculation, many are now wondering if LUNA could replicate that exceptional surge. Currently trading at levels reminiscent of its early breakout in 2021, the optimism for another significant price rally is once again building up.

In 2021, LUNA achieved remarkable growth, driven by solid project fundamentals, an increase in decentralized finance (DeFi) adoption, and growing demand for Terra's stablecoins. This rapid price increase is comparable to the breakout of Solana (SOL), where an explosion in ecosystem activity propelled the coin to new highs. Historically, the cryptocurrency market has rewarded projects that manage to reignite momentum during different market cycles, and many believe LUNA has the potential to follow a similar path.

However, it's important to carefully evaluate the current market environment before expecting another 22,000% price surge. The macroeconomic landscape today is notably different from 2021. Factors like regulatory challenges, changes in market sentiment, and liquidity conditions are influencing the space in new ways. Moreover, LUNA faces growing competition from other Layer 1 and Layer 2 blockchain platforms, which may limit its upward potential in the future.

Despite these obstacles, the crypto market is known for its cycles of optimism and innovation. Should Terra roll out groundbreaking upgrades, further expand its ecosystem, and regain investor confidence, the stage could be set for another price rally. While the idea of a 22,000% increase is highly speculative, the crypto landscape has often surprised even the most seasoned investors. As always, it’s essential to focus on the long-term fundamentals of the project and remain cautious when considering future price predictions.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct thorough research before making any investment decisions.
#LUNA✅ #TrumpBTCBoomOrBust #bitcoin

According to an order dated December 20, 2024, the #SEC instituted cease-and-desist proceedings against Tai Mo Shan Limited, a Cayman company. The order relates to the offer and resale of #LUNA✅ as #Securities into the market on U.S.-based crypto asset trading platforms without being registered. It was further alleged that investors were misled about the efficacy of Terraform’s arbitrage mechanism, which the public believed (based on Terraform’s prior statements) solely maintained UST’s peg to the U.S. dollar.   Tai Mo Shan was ordered to pay disgorgement of $73,452,756, prejudgment interest of $12,916,153 and a civil money penalty of $36,726,378 to the Securities and Exchange Commission. 
Securities Act violations
Based on the order, Tai Mo Shan entered into agreements with Terraform, the issuer of LUNA. Under these agreements, Tai Mo Shan would receive LUNA crypto assets being offered and sold as securities in exchange for providing services.
The order explained:
Rather than receive a fee for its services, under these agreements, Tai Mo Shan obtained a loan of LUNA from Terraform, through which Tai Mo Shan received a large number of LUNA for a period of time, typically two years, after which Tai Mo Shan had the option of returning the tokens at no cost or purchasing the loaned tokens at the price specified in the agreement. 
The order added:
Tai Mo Shan’s services included activities typical of a statutory underwriter; that is, acting as a “conduit[] for the transfer of securities to the public.”  Specifically, Tai Mo Shan acquired LUNA, which was offered and sold as a security, from Terraform in or around the time it was first made available to the public. 
The order continued:
Tai Mo Shan entered into its first agreement to acquire LUNA on November 19, 2019, approximately seven months after LUNA’s April 24, 2019, launch on the Terra blockchain, but prior to its wider public availability on crypto asset trading platforms. Tai Mo Shan acquired certain LUNA crypto assets offered and sold as securities with a view toward distribution, as evidenced by the fact that Tai Mo Shan offered and resold LUNA as securities into the market on U.S.-based crypto asset trading platforms, shortly after acquiring the crypto assets from Terraform.  From January 2021 to May 2022, Tai Mo Shan facilitated the distribution of LUNA offered and sold as securities by engaging in one-sided trading strategies on U.S.-based crypto asset trading platforms designed to liquidate its LUNA holdings acquired from Terraform by transferring those securities to the public and adding to LUNA’s circulating supply.  Tai Mo Shan profited from these transactions.

The order concluded:
As a result of the conduct described above, Tai Mo Shan violated Sections 5(a) and 5(c) of the Securities Act because Tai Mo Shan directly or indirectly offered and sold crypto assets being offered and sold as securities on U.S.-based crypto asset trading platforms through the use of interstate commerce when no registration statement was in effect and no exemption from such registration applied.
Purchasing UST & Misleading Investors About Arbitrage System
In addition to the foregoing, it was alleged that, “In May 2021, Tai Mo Shan acted negligently by engaging in a course of conduct that caused investors to be deceived about the efficacy of Terraform’s arbitrage mechanism, which the public believed—based on Terraform’s prior statements—solely maintained UST’s peg to the U.S. dollar.”
The order explained:
UST was a crypto asset that Terraform designed to maintain a one-to-one peg to the U.S. dollar, by virtue of an algorithm coded into the Terraform blockchain that tied the value of UST to LUNA.  The algorithm was intended to provide an arbitrage opportunity for traders to keep the price of UST pegged at $1.  If, for example, the market price of UST dropped to $0.95, traders could buy UST at that price and exchange each UST for $1 worth of LUNA by “burning” the UST and “minting” the LUNA through the algorithm.  In theory, this process would reduce the supply of UST and increase its price until it reached a dollar. 
The order added:
While the value of UST was intended to stay at $1, the value of LUNA could, and did, increase as more investors engaged with the Terraform ecosystem. On May 23, 2021, the price of UST began to sharply fall below its $1 peg.  At that time, Tai Mo Shan and Terraform entered into a verbal agreement whereby Terraform agreed to fully vest the remaining portion of LUNA that was owed to Tai Mo Shan pursuant to its loan agreements with Terraform. Tai Mo Shan made purchases of UST on May 23, 2021 and subsequent days, in a manner that diverged from its historic trading pattern for UST by building a large long position in UST, accumulating more than $20 million worth of UST.
The order continued:
The investing public, which looks to centralized trading platforms for up-to-the moment market data, would have seen additional demand for, and upward price movement in, UST, but would not have been aware of the extent of UST demand that was coming from Tai Mo Shan’s purchases.  In light of Terraform’s public statements regarding how the arbitrage mechanism operated, Tai Mo Shan should have known that its trading would mislead the investing public to believe that Terraform’s arbitrage mechanism, which was coded into Terraform’s blockchain, alone raised the price of UST back up to $1. Tai Mo Shan should have known that purchasing UST and supporting its price in this manner misled the market about the stability of UST’s peg and the effectiveness of Terraform’s algorithm meant to maintain that stability.    
Based on the order, Tai Mo Shan and Terraform’s agreement was memorialized on July 21, 2021. 
The order explained, “Pursuant to this amended agreement, Tai Mo Shan began receiving monthly installments of unlocked LUNA in September 2021.”
The order added:
Tai Mo Shan earned a profit of approximately $73,452,756 million from the sale of the additional LUNA that Tai Mo Shan received from the amended agreement. As a result of the negligent conduct described above, Tai Mo Shan violated Section 17(a)(3) of the Securities Act, which makes it unlawful for any person in the offer or sale of a security to engage “in any transaction, practice, or course of business which operates or would operate as a fraud or deceit upon the purchaser.”  
As a result of the foregoing, the following orders were made:
A. Pursuant to Section 8A of the Securities Act, Respondent Tai Mo Shan cease and desist from committing or causing any violations and any future violations Sections 5(a), 5(c), and 17(a)(3) of the Securities Act. B. Tai Mo Shan shall, within 14 days of the entry of this Order, pay disgorgement of $73,452,756 and prejudgment interest of $12,916,153 to the Securities and Exchange Commission.  If timely payment is not made, additional interest shall accrue pursuant to SEC Rule of Practice 600. C. Tai Mo Shan shall, within 14 days of the entry of this Order, pay a civil money penalty in the amount of $36,726,378 to the Securities and Exchange Commission.