The #TerraLunaClassic price rose for the second consecutive day after Do Kwon pled not guilty in New York and after Binance incinerated over 1.7 billion $LUNC
tokens.

The LUNC token was trading at $0.0001150 on January 1, up by over 25% from its lowest level last month, giving it a market cap of over $1 billion.

Binance burns 1.7b Terra Classic tokens
The main Terra Luna Classic news was that Binance continued burning the tokens, a move that aimed at reducing those in circulation. It burned over 1.7 billion tokens, currently worth $193,000. This came after the company burned 1.728 billion LUNC tokens on December 1 and 1.048 billion the previous month.

These burns solidify Binance as the biggest LUNC burner, having incinerated over 70 billion tokens in the last two years. These tokens represent about 17.7% of the total. It has done over 2,200 burn transactions. The other top burners are DFLUNC Protocol, LunaticsToken, MEXC, and Terraform Labs.

Altogether, over 396 billion Terra Luna Classic tokens have been burned since May 2022, when the original Terra ecosystem crumbled. 237 million tokens have been incinerated in the last seven days, a trend that may continue for a while.

LUNC price also reacted mildly to the latest Do Kwon news. Kwon, the founder and controlling shareholder of Terraform Labs, was recently extradited to the United States from Montenegro. He has pleaded not guilty in a New York court.

Kwon has been charged with deceiving investors about the Terra Blockchain, its stability, and its partnership with Chai, a popular money transfer service in South Korea. He is being prosecuted by the same officials who charged Sam Bankman-Fried, who received a 25-year prison sentence.

The LUNC price reacted mildly to Do Kwon’s issues because he is no longer involved in the project. Terraform Labs has already filed for bankruptcy, and last year, it agreed to burn billions of LUNC tokens.
#BitcoinHashRateSurge

$LUNC Terra Classic is making waves with groundbreaking partnerships & development milestones, aligning itself with key players in the blockchain ecosystem. The project’s resurgence also gains intrigue as Elon Musk hints at creating an in-platform currency for X , potentially impacting LUNC’s trajectory.
Strategic Partnerships & Key Developments
Binance Labs: Funding and technical support through the Binance Labs Incubation Program.
Cosmos SDK: Strengthened integration for seamless cross-chain interoperability.
Huobi Ventures: Investment to fuel the ecosystem's revival and adoption.
Orion Protocol: Integration for enhanced liquidity & trading solutions.
Ecosystem Revival Efforts:
Community-Led Initiatives: The Terra Rebels spearhead supply reduction through a proposed 1.2% transaction tax burn.
Blockchain Upgrade: Pending Terra Classic v22 upgrade for enhanced security and functionality.
Future Projects: Revival of Decentralized Finance (DeFi) applications within the Cosmos ecosystem.
Market Analysis:
Current Status: Price at $0.00015; market cap of $244M.
Circulating Supply: 6.9 trillion LUNC, with ambitious plans to reduce it.
Price Projections: Conservative targets at $0.001, with bullish potential reaching $1 under optimal conditions.
The combination of innovative partnerships, strategic supply reduction, and potential integration into Elon Musk’s digital currency vision makes LUNC a strong contender for future market dominance.
#LUNCMeetsMusk #LUNC #LUNC✅ #TerraLunaClassic #TerraLabs

The Terra Luna Classic ($LUNC ) price has been on a steady rise, climbing for the second consecutive day following two key developments: Binance's massive burn of 1.7 billion tokens and Terraform Labs founder Do Kwon pleading not guilty in a New York court.
Key $LUNC Metrics:
Current Price: $0.00012172 (+4% today)
Market Cap: Over $1 billion
January 1 Price: $0.0001150 (+25% from last month's low)
Binance Leads the $LUNC Burn Initiative
Binance has reaffirmed its commitment to reducing LUNC's circulating supply, burning 1.7 billion tokens worth approximately $193,000 in its latest burn. This follows burns of:
1.728 billion tokens in December 2024
1.048 billion tokens in November 2024
Burn Highlights:
Total Burned by Binance: Over 70 billion tokens (~17.7% of the total supply)
Total LUNC Burned to Date: Over 396 billion tokens since May 2022
Weekly Burn Rate: 237 million tokens in the past seven days
Binance remains the largest LUNC burner, performing more than 2,200 burn transactions. Other notable contributors include DFLUNC Protocol, LunaticsToken, MEXC, and Terraform Labs.
Do Kwon Pleads Not Guilty
Do Kwon, the founder of Terraform Labs, was recently extradited to the United States from Montenegro. Facing charges of defrauding investors about the Terra Blockchain’s stability and partnerships, Kwon pleaded not guilty in a New York court.
Key Case Details:
Prosecuted by the same team that sentenced Sam Bankman-Fried (25 years in prison).
Terraform Labs is no longer involved with LUNC, having filed for bankruptcy in 2022.
Despite the news, LUNC price showed only a muted reaction since Do Kwon's role in the project has diminished.
LUNC Price Outlook
The recent Binance burns and ongoing community-led efforts have revived confidence in LUNC’s long-term potential. Key levels to watch include:
Resistance: $0.0001250
Support: $0.0001100
With a steady burn mechanism and market recovery, LUNC could maintain its upward trajectory.
Follow for Updates
Stay tuned for more insights on LUNC and its evolving market dynamics.
#TerraLunaClassic #CryptoNews #LUNC #CryptoBurn

Lunc coin go to the moon 🌙
now investment is better than we invest in lunc coin after his price hit
2$ plus price range lunc will go to massive run and reach to 1$ to 2$ mark my words invest now in this coin now
$LUNC
#LUNC✅ #TerraLunaClassic #Binance250Million #BIOOpenonBinance #BinanceAlphaAlert

#BIOOpenonBinance
The price of Terra Luna Classic ($LUNC ) recently surged, reaching a peak of $0.0001791, buoyed by a rally in Bitcoin ($BTC) and other major altcoins. However, the momentum eventually cooled, leading to a 40% decline, positioning the token at its current value of $0.0001080. This pullback also saw LUNC dip below a critical support level of $0.0001311, which marked its highest swing since May 30th.
Positive Indicators Supporting $LUNC ’s Potential Recovery
Despite the recent decline, there are encouraging technical signals hinting at a possible rebound for Terra Luna Classic:
Hammer Candlestick Formation: On December 20, $$LUNC ormed a hammer pattern—a well-known bullish reversal indicator characterized by a long lower shadow and a compact body. This suggests that selling pressure may be waning and buyers are stepping back into the market.Technical Support Levels Intact: The token continues to trade above the 200-day moving average, a significant long-term bullish indicator. Additionally LUNCmains above the ascending trendline established from its lowest points since August, reinforcing its potential for upward movement.
Outlook and Strategic Implications
The formation of bullish patterns and the maintenance of key technical levels are promising signs for $LUNC ’s near-term recovery. However, to regain investor confidence and upward momentum, the token must reclaim and consolidate above the pivotal resistance at $0.0001311. This would signify a strong shift in market sentiment and open the door for further gains.
As the market evolves, traders should monitor Bitcoin's price action, broader altcoin performance, and any ecosystem updates related to Terra Luna Classic. While short-term fluctuations are inevitable, the technical setup offers a foundation for optimism, provided critical support levels hold steady.
#TerraLunaClassic #CryptoAnalysis #AltcoinInsights #BinanceAnalysis

Terra Luna Classic price has retreated even as data points to an accelerating pace of burn rate. According to LUNCMetrics, the network burned 48.7 million tokens on Monday this week. Most of these burns, or about 44.5 million, were on-chain burns, while the rest were daily wallet burns.

The burn rate has been on an a gradual increase as the network incinerated 29.7 million tokens a day earlier and 17 million on Saturday. #TerraLunaClassic has cumulatively burned over 286.9 million tokens in the last seven days. These burns have brought cumulative burns since inception in May 13 2022. The burning trajectory will likely continue to accelerate in 2025.

Burning or incinerating is a popular process in the crypto industry. In this process, tokens are moved to an inaccessible address, boosting their price by reducing the number in circulation.

$LUNC
price has also pulled back even as its ecosystem grows. For example, Air For LUNC, a top play-to-earn game in the network was recently named one of best blockchain action game of the year.
#BIOOnBinance

Freshly extradited from Montenegro, Terraform Labs co-founder Do Kwon pleaded not guilty to U.S. criminal charges over Terra's collapse.
Alleged crypto crook Do Kwon pleaded pleaded not guilty in a New York court Thursday to U.S. criminal charges over the 2022 collapse of the Terra crypto ecosystem, following his extradition earlier this week from Montenegro.
Feds hit the 33-year-old disgraced tech entrepreneur with nine criminal counts, including securities fraud, wire fraud, commodities fraud, and conspiracy to commit money laundering. He agreed Thursday to be held without bail before U.S. Magistrate Judge Robert Lehrburger, Inner City Press reported.
Kwon founded Terra, a once-sizable crypto ecosystem with apps built around the LUNA token and the TerraUSD (UST) algorithmic stablecoin. The project was popular with investors, and rapidly grew to become the second-biggest blockchain in the sphere after Ethereum by early 2022.

Its native cryptocurrency, LUNA, was in its prime as one of the top digital assets by market cap. Kwon made a lot of money, very quickly, and even mocked "poor" people on X (formerly known as Twitter).
But Terra collapsed in May 2022, taking $40 billion of investors' money with it. The crash led to a brutal bear market, as many crypto projects with exposure to the project later declared bankruptcy.
The project's main product, the UST stablecoin, couldn't keep its stable peg to the dollar, resulting in the entire ecosystem collapsing and losing nearly all of its value in a matter of days.

How Terra's UST and LUNA Imploded
Decrypting DeFi is Decrypt's DeFi email newsletter. Art: Grant Kempster Amid the craziest week in crypto ever, the collapse of Terra's UST stablecoin and governance token LUNA emerged as the biggest story. Amid the crash, LUNA, formerly a top 10 coin by market cap, fell 100% to fraction of a fraction of a cent, and UST, designed to stay pegged at $1, bottomed out at 13 cents. So what the hell happened? Grab your coffee, you're going to need it. There were several forces at work. The first is the...

Authorities in both the U.S. and South Korea now allege that the entrepreneur was a scammer who conned investors into buying his cryptocurrency.
"Behind the scenes, core Terraform products did not work as Kwon advertised, and were manipulated to create the illusion of a functioning and decentralized financial system in order to lure investors," Thursday's indictment reads.
Kwon was arrested in Montenegro last year for allegedly attempting to travel on a fake passport. His lawyers kept him in the country until Tuesday, when he was finally extradited to the United States.
$LUNC
$USTC
#BinanceAlphaAlert #Binance250Million #LUNC✅ #USTC #TerraLunaClassic

Core Technology:
Terra 2.0 operates on the Tendermint consensus mechanism, offering a robust and scalable platform for dApps, supported by a global community and developer tools.
Key Developments:
Lending/Borrowing: Cavern Protocol enables LUNA-backed borrowing with stable yields on stablecoin deposits.
Yield Farming: Advanced trading strategies like grid trading and trend following offer enhanced returns.
Liquid Staking: BackBone Labs’ GraveDigger auto-compounder integrates NFT staking, revenue sharing, and an NFT launchpad.
Highlights:
In January 2024, Terraform Labs deployed $2 million into the LUNA-ASTRO pool on Astroport to boost liquidity.
Collaboration with Andromeda resulted in a $40,000 LUNA liquidity deployment on Ura.
Market Outlook:
Analysts forecast LUNA to trade between $0.12 and $1.98 by 2025, driven by ecosystem growth and innovative projects.
Revival Opportunities: Terra 2.0’s commitment to scalability and innovation positions it as a key player in the evolving DeFi landscape.
Potential for Returns:
While Terra may see explosive growth if its ecosystem gains traction, the likelihood of massive returns often comes with the shadow of equally massive losses. It’s a game of patience, timing, & informed decision-making.
$LUNC #LUNC✅ #TerraLabs #TerraLunaClassic #LUNCDream

$LUNC is stealing the spotlight as its burn rate skyrockets, sparking whispers of a Terra Luna Classic renaissance. Here's why it’s heating up the charts:

🔥 Burn Rate Goes Parabolic

This week alone, 48.7M LUNC tokens were scorched, pushing the total burn tally to a jaw-dropping 395B tokens since 2022.

With supply shrinking at this pace, could we be on the verge of a bullish supply squeeze? 🚀

📉➡️📈 Price Action is Calling the Shots

Despite a 40% dip from December’s highs, $LUNC remains steadfast above the 200-day EMA—a critical technical level that signals long-term strength.

With the burn rate accelerating, the charts are starting to whisper: Breakout incoming?

🚀 Community: The Heartbeat of LUNC

Projects like Air For LUNC are sparking fresh innovation and excitement, proving that the LUNC Army is stronger than ever. Together, they’re rewriting the narrative for this resilient ecosystem.

🔮 What’s Next for LUNC?

With supply dwindling and new use cases emerging, $LUNC could be primed for a comeback rally. The key lies in:
✅ Sustained community support
✅ Expanding ecosystem utility
✅ Consistent burn momentum

💡 LUNC Trader Tips

🛠️ Track Key Levels: Keep an eye on the 200-day EMA and breakout resistance zones.
🔥 Stay Updated: Burn metrics can spark sudden price moves.
⚠️ Play it Smart: Use stop-loss orders and take profits wisely.

The question remains: Will LUNC rise from the ashes to reclaim its former glory? Share your thoughts below!

#BinanceAlpha #LUNCBurn #CryptoComeback #TerraLunaClassic
$LUNC

LUNC
0.00010779
+0.88%