Does that mean that by the next bull market in 2029, there might only be a total of 1 trillion?

Perhaps we should not deny the efforts that LUNC has made through burning over the past few years. In 2022, the total was 6.8 trillion, with a circulating supply of 6.5 trillion; in 2024, the total was 6.5 trillion, with a circulating supply of only 5.5 trillion. The image below shows several charts I captured from 2022 to 2024. Although it is slow, it is indeed burning, and it should continue to burn. So should we hold on a bit longer? Perhaps time will give us the answer.

$LUNC