Crypto exchange Binance burns over 1 billion LUNC tokens as Terra Luna Classic community awaits massive burn by TFL.
The world’s largest crypto exchange Binance burned 1.048 billion Terra Luna Classic tokens in the 27th batch of its LUNC burn mechanism. With the latest Binance LUNC burn, the total tokens burned by the Terra Classic community reached almost 137 billion.
The burn has sparked bullish speculation in the community. Will LUNC price recover to 0.0001 again this week for further rally amid massive token burn by Terraform Labs?

Binance Sends 1 Bln Terra Luna Classic (LUNC) to Burn Address
The Terra Luna Classic community saw 1.048 billion LUNC tokens burned by crypto exchange Binance, as per the burn transaction on November 1. Also, the burn transaction saw tax costs of 5.2 million LUNC.

In the 27th batch of the LUNC burn mechanism, the crypto exchange burned $95,073.99 in trading fees for the period between September 30 to October 30. The total LUNC burned by one of the top crypto exchanges has now reached nearly 66.66 billion LUNC tokens. It’s important to note that Binance burned 1.14 billion LUNC in the previous batch of the monthly burn mechanism. The exchange burns 50% of LUNC spot and margin trading fees monthly to support the Terra Luna Classic community’s revival efforts.

The community has burned nearly 137 billion LUNC tokens in 2 years. The community now hopes to see major LUNC and USTC burn as part of the bankruptcy court’s decision to Terraform Labs.
LUNC and USTC Price Performance
LUNC price dropped 8% in the last 24 hours and pared all last week’s gains amid the crypto market selloff. The price is currently trading at $0.00008936, with a 24-hour low and high of $0.00008868 and $0.00009834, respectively. Moreover, the Terra Luna Classic trading volume has decreased by 50% in the past 24 hours, indicating a rise in interest among traders.

Meanwhile, USTC price tumbled more than 10%, but was up 1% in a week. The price is now trading at $0.0222, with the trading volume also declining by 50% in the last 24 hours.

Recommendations, suggestions, views and opinions given by the experts are their own. You must do your own research before investing crypto markets. Crypto Wolf always trying to share valuable news. I hope LUNC price will pumping soon. Here’s What You Need to Know Before Diving In!

#TerraClassicUpgrade #TerraLunaClassic #Lunc2TheMoonSoon #LuncReachOneDollar #LUNC?

According to our investigation, this proposal is meant to remove forked mainline modules from the #TerraLunaClassic blockchain to improve sustainability, enhance security, reduce cost and debt, and subject the blockchain to a significant level of maintainability, as we earlier reported.

By removing the forked mainline modules, we aim to position Terra Classic for long-term sustainability and growth within the Cosmos ecosystem. We believe this approach balances the need for improvement with prudent risk management and community involvement. We welcome feedback and discussion from the Terra Classic community on this proposal.

Prior to this technical decision, the team had raised concerns about possible risks of missing important updates and facing an increasing operational cost if no action is taken on the forked versions of the network. This implies that Terra Luna Classic risked facing a security threat, higher expenses, and diminished competitiveness.

By diverging from the mainline Cosmos SDK and related modules, Terra Classic risks falling behind in adopting key enhancements and new features developed by the broader Cosmos community. This can limit Terra Classic’s competitiveness and make it more difficult to integrate future technologies, upgrades, performance improvements, and other innovations.

From the official release, the proposed solution to remove the forked mainline module and replace it with the standard Cosmos modules will be implemented in two phases. In the first phase, CometBFT would be unforked to the mainline version. On top of that, the team would engage in extensive testing to ensure network stability.

In phase two, Wasmd would be migrated to the “mainline Wasmd” coupled with several other processes listed to be executed. Meanwhile, a snapshot test would mark the end of the whole procedure.

Investigating this further, CNF disclosed that the total budget requested for this development amounted to $36,000. According to the team, phase one would require $16,000 in fiat value, and phase two would demand $20,000.
#NovCryptoOutlook

Terra Luna Classic (LUNC): Could the October 31 Burn Spark a Revival? 🔥
$LUNC has seen extreme highs and lows, from an all-time peak of $119 to its current value of $0.0000924 (-1.56%). Yet, despite these shifts, the token remains supported by a passionate community. With a significant token burn event scheduled for October 31, could LUNC be on the brink of a resurgence?
🎃 October 31 Token Burn – Essential Details
Burn Volume: 250 billion tokens, aiming to reduce the massive 6+ trillion supply.
Objective: Increase scarcity, potentially boosting value over time.
Projected Impact: Although this burn accounts for just 4% of the total supply, it could generate renewed interest and momentum.
🔍 Will This Burn Event Push $LUNC’s Price Higher?
While the upcoming burn may capture attention, experts believe that multiple burns may be required to see a lasting impact. Nonetheless, the October 31 burn marks a promising first step in LUNC's potential turnaround journey.
💥 LUNC’s Comeback Potential – Can It Reach New Milestones?
1% of All-Time High: Hitting even $1.19 would represent a remarkable recovery.
Community Support: A dedicated and active community, coupled with regular burns, is helping to lay the groundwork for LUNC’s future growth.
🤔 Is It Time to Consider Investing in $LUNC?
For risk-tolerant investors, this burn event could be a pivotal moment. Here’s why:
Supply Reduction: Each burn increases scarcity, which may attract new buyers.
Community Commitment: LUNC’s community remains committed to the project’s long-term revival, strengthening its foundation for future success.
🔮 Bottom Line – A Lasting Revival or Just Temporary Hype?
The October 31 burn could signal the beginning of a new era for LUNC, although its true impact will unfold over time. With a loyal community standing behind it, LUNC might be positioned for a potential comeback. Are you ready to be part of this journey?

#LuncRevival #LUNCBurnEvent #CryptoCommunityPowe r #TerraLunaClassic #CryptoFuture

Text proposal 12142 “Removal of Forked Modules from #TerraClassic $LUNC
” is approved by the Terra Luna Classic community as the votes have surpassed the pass threshold. Developer group OrbitLabs proposes to remove the forked mainline modules from the #TerraLunaClassic blockchain to improve maintainability, reduce technical debt, and align with the broader Cosmos ecosystem.

The proposal has received 99.97% “Yes” votes, indicating unanimous support from validators and delegators. It also saw some ‘No with veto’ and ‘Abstain’ votes. Validators such as Allnodes, Stakely, HappyCattyCrypto, and others voted in favor of the proposal.

The forked versions not only raise operational costs but also increase the risk of missing important security updates, the proposal said. OrbitLabs stressed that without action, Terra Luna Classic would face growing security risks, higher expenses, and diminished competitiveness in the evolving crypto landscape.

As CoinGape reported, the Terra Classic proposal plan involves two phases, first focuses on updating the consensus engine and the Cosmos SDK. By doing so, Terra Classic will be more in line with the latest security features and innovations from the Cosmos ecosystem.

On the other hand, the second phase will involve upgrading the Wasmd contract system, ensuring compatibility with existing smart contracts, and minimizing disruptions during migration. Notably, if the proposal passes final approval, the timeline includes eight weeks for phase one and another ten weeks for phase two.
#BinanceBlockchainWeek

LUNC price climbed 3% in the last 24 hours, with the price currently trading at $0.00009199. The 24-hour low and high are $0.00008911 and $0.00009238, respectively. Moreover, the #TerraLunaClassic trading volume has increased by 15% in the past 24 hours, indicating a rise in interest among traders.

Terraform Labs will burn billions of $LUNC
and $USTC
tokens from the wallets next week, as per the bankruptcy court order. This has fueled LUNC to $1 speculation in the community.

Meanwhile, #USTC price climbed more than 2% and 4% in a week, with the price now trading at $0.0223. However, the trading volume saw a 15% decline in the last 24 hours.
#BinanceBlockchainWeek

$LUNC
has experienced wild swings, from an all-time high of $119 to its current $0.0000924 (-1.56%). Still, a devoted community stands behind this token, and with a major burn event on October 31, LUNC could be on the verge of a new chapter. Will this burn be the spark for a long-term comeback?

🎃 October 31 Token Burn – Key Details

Burn Volume: 250 billion tokens, aiming to chip away at the 6+ trillion supply.

Objective: By reducing supply, the burn seeks to increase scarcity, potentially enhancing value.

Impact: Though only 4% of the total supply, this burn may generate fresh interest and build momentum for LUNC.

🔍 Could This Burn Influence $LUNC ’s Price?

While this burn event might attract attention, experts suggest multiple burns may be needed to see lasting impact. However, this first step on October 31 could lay the groundwork for a larger turnaround.

💥 $LUNC ’s Revival Potential – Can It Reach New Milestones?

1% of All-Time High: Even hitting $1.19 would signal a significant recovery.

Community Power: With each burn and continuous support, LUNC’s community is actively working to create a sustainable growth path.

🤔 Is Now the Time to Consider $LUNC ?

For risk-ready investors, this burn could represent a key moment. Here’s why:

Supply Reduction: With each burn, scarcity could drive value.

Dedicated Community: LUNC’s committed base is setting the foundation for potential long-term growth.

🔮 Bottom Line – A Comeback or Temporary Hype?

The October 31 burn might be the beginning of a lasting revival, but its true impact will take time to reveal. With community support and future burns, LUNC could be positioned for a comeback. Are you ready to be part of this journey?

The 1-day RSI for #TerraLunaClassic $LUNC
currently reads 57.59, indicating balanced market sentiment. This means the asset is neither overbought nor oversold, pointing to a stable trading environment. Furthermore, the 1-day #MACD is trading above the signal line, which is a key indicator of potential bullish momentum in the short term.
#BinanceBlockchainWeek

The Terra Luna Classic community is gearing up for a major burn event on October 31st, aimed at slashing its enormous supply of 6 trillion LUNC tokens. However, the community’s sentiment is divided. While some are optimistic, others are questioning the true impact of burning 250 billion tokens, which would only reduce the total supply by about 4%.

A vocal group within the community suggests that burning USTC might be a more strategic move. They argue that, given USTC’s smaller market cap, reducing its supply could help stabilize LUNC’s value significantly, especially if USTC is successfully repegged. On the flip side, some skeptics highlight the astronomical market cap needed for $LUNC to reach the $1 mark, casting doubts on the realistic price potential.

Meanwhile, on the charts, a bullish hammer candle has appeared, signaling a potential reversal from a downtrend to an uptrend. This technical pattern, marked by a long lower wick, indicates that buyers have stepped in to defend a critical support level. Investors are taking this as a hopeful sign that the price may be poised for a strong upward movement.

The LUNC community is betting on this bullish sentiment to drive a sustained price rally. However, caution is advised, and close market monitoring is essential as the burn event unfolds.

The Terra Luna Classic ($LUNC ) community just approved Proposal 12142, a strategic move stirring fresh excitement and fueling dreams of reaching the legendary $1 mark. Here’s everything you need to know about this monumental step and its potential to reshape the LUNC ecosystem.
🚀 What’s in Proposal 12142?
This proposal zeroes in on crucial network improvements, restructuring efforts, and potential token burns. These changes are designed to boost LUNC's ecosystem, making it leaner, faster, and more attractive for users and investors alike. Community members are buzzing with optimism that this foundation could propel LUNC’s journey toward substantial growth.
🌕 What Could This Mean for LUNC’s Value?
If Proposal 12142 lives up to its goals, LUNC could gain momentum in the market. An efficient ecosystem may attract higher demand, sparking speculation that LUNC could draw closer to the elusive $1 milestone. However, it’s essential to remember that broader market conditions and sustained community backing will be key to maintaining upward movement.
📊 Investor Sentiment: $1 or Bust?
This proposal has reignited hope across the LUNC community, lighting up discussions on social media and bringing new optimism for the coin’s future. While reaching $1 will be no small feat, supporters believe in LUNC’s potential, especially with these transformative changes on the horizon.
Can LUNC break through to $1? Time—and the strength of the Terra Luna Classic community—will tell! 🌐
🔥 If you’re excited about LUNC’s future, don’t forget to like, share, and stay updated on the latest crypto news! 🔥
#LUNCto1 #TerraLunaClassic #CryptoPotential #CommunityPower #Binance $LUNC

#TerraLunaClassic ’s price has climbed alongside the increasing burn activity. Over 320 million $LUNC
tokens were removed from circulation this past week.

LUNC.TECH data shows that 15 million #LUNC✅ were burned today alone, both through direct burns and tax mechanisms. This increased burn rate has played a key role in the token’s price performance. Reducing the supply often leads to higher demand, which can drive prices up. #TerraClassic ’s strategic token burn initiative is a central part of its plan to restore value and stability to its ecosystem.
#BinanceBlockchainWeek

Incredible stories are emerging of individuals transforming small investments into life-changing amounts with #TerraLunaClassic ($LUNC
). This highlights the extreme volatility of the crypto market, where fortunes can be made—or lost—overnight. Always remember to invest wisely and be cautious of high-risk #assets !
#BinanceBlockchainWeek

#TerraLunaClassic (LUNC) is gaining traction following a significant weekly token burn of 320 million $LUNC
. This burn, which reduces the token’s overall supply, is seen by traders as a positive sign for price appreciation.

As the supply of #LUNC✅ shrinks, investors are anticipating increased price pressure, which could fuel an upward trend. This burn event, coupled with growing interest in the #TerraClassic ecosystem, has contributed to a surge in LUNC’s price over the past 24 hours, making it a key focus in the cryptocurrency market.
#BinanceBlockchainWeek

Luna Classic’s (LUNC) journey embodies perseverance. Despite the challenges faced by Terra Luna, LUNC has established itself as a token driven by its community, ready to explore new horizons. Can it regain its place among the major cryptos? Here’s why many investors see LUNC as an opportunity to seize:

1. A Mobilized and Determined Community
The LUNC community is not just passive holders: they are passionate advocates, developers, and innovators dedicated to giving the token a new lease on life. Through their collective engagement, community initiatives aim to reduce the supply of LUNC, increasing its potential scarcity and, potentially, its value. This community effort keeps the excitement around LUNC alive, with new ideas to diversify its applications and strengthen its market presence.

Orbit Labs has submitted a new proposal to the #TerraLunaClassic ($LUNC
) ecosystem, pushing to remove forked modules in the network’s standard upstream modules. It also supported another proposal for a reserve charge tax.

Today, the #TerraClassic codebase relies on several forked versions of Cosmos modules, which were integrated to accommodate some of its unique features. Orbit Labs claims that these forks have caused the codebase to increasingly diverge from the upstream modules and this has kept the maintenance costs high.

These forks have also made the network vulnerable to potential security attacks due to delayed updates and massively reduced its interoperability with other networks based on the Cosmos codebase, Orbit Labs added in its proposal. It proposes to remove the forked modules and integrate the standard upstream modules.

The company also pledged support for reverse charge tax in Terra Classic, a proposal that was first submitted by two other developers. Reverse charge deducts tax from the recipient, rather than the sender, “hence eliminate the need for the sender to attach tax as an additional fee.”

The company has offered to “conduct a review under the terms of PPJ in case the proposed tax implementation passes governance.” After assessing the code, the company will ensure it’s secure and efficient and also aligns with the goals of the Terra Classic ecosystem. It says this process could cost as much as $2,500, pledging to accept LUNC payment at the prevailing rates as of when the community approves the proposal.
#TetherUnderInvestigation

The Terra Luna Classic (LUNC) community has united to approve a major proposal designed to strengthen the ecosystem. This initiative aims to improve governance, boost staking rewards, and speed up the burn rate of LUNC tokens.
Although the proposal has strong backing from the community, the question remains: can these changes help LUNC reach $1? With the crypto market’s unpredictable nature, a range of factors will influence its future price.
Keep an eye out for updates as this journey unfolds!
#TerraLunaClassic #LUNC #CryptoCommunity #Binance

Big things are happening in the Terra Luna Classic ($LUNC ) ecosystem, as the community recently gave a resounding "YES" to Proposal 12141. This crucial step seeks to reclaim control over $LUNC 's listings on major cryptocurrency platforms like CoinMarketCap, a vital move that could significantly boost the token’s visibility and reputation in the market.
The Proposal Breakdown: Accessing TerraForm Lab’s Control
Dubbed “Dealing with CoinMarketCap and Other Listings,” Proposal 12141 aims to grant the Terra community access to TerraForm Lab’s (TFL) listings on popular aggregators. Currently, TFL is the sole entity with the “keys” to update these critical systems—despite its bankruptcy. These platforms play a huge role in the market by displaying essential info like price data, trading volume, and official website links, which are vital for maintaining $LUNC ’s standing in the crypto world.
However, the bankruptcy of TFL has left a void in management. With 99.95% of the community voting "YES," validators like Interstellar Lounge, JESUSisLORD, LUNCLIVE, moonshot, and Community First were the first to throw their weight behind the proposal.
Who Takes Over? Enter Allnodes
Stepping up to the plate, Allnodes—a node-hosting and validator service—has volunteered to temporarily manage access to these dashboards and agreements. As a custodian, Allnodes will safeguard these assets until the TerraClassic governance comes up with a permanent solution. This is a huge step forward in stabilizing $LUNC ’s operations and ensuring the token stays visible on key platforms like CoinMarketCap.
OrbitLabs’ Proposal: Streamlining the Codebase
Meanwhile, OrbitLabs, a cutting-edge blockchain development team, has submitted another proposal aimed at fixing an issue that’s been brewing behind the scenes. Their goal? To remove forked modules that have caused $LUNC ’s codebase to drift away from the original Terra code, increasing the complexity and maintenance costs. By aligning the codebase, $LUNC could reduce costs and improve efficiency across the network.
The Terra Collapse and What Lies Ahead
Let’s not forget the challenges still facing the Terra ecosystem. TFL filed for Chapter 11 bankruptcy in Delaware after the catastrophic collapse of its stablecoin UST and its companion token $LUNA, which wiped out $40 billion in value last year. As part of the bankruptcy process, TFL may wind down its operations entirely by October 30, potentially shutting down key services like Alliance Hub, Mantlemint, FCD, and API services if no third parties take over.
LUNC’s Market Performance
Despite the turbulence, $LUNC has been holding strong. Currently trading at $0.00009238, the token has gained 0.99% in the last 24 hours, while its trading volume surged a whopping 73.14%, with a market cap standing at $526 million. As these developments unfold, Terra Luna Classic’s future remains uncertain, but the community is stepping up to secure $LUNC ’s place in the crypto world.
Stay tuned as we continue to track these significant updates in the Terra ecosystem. The future is uncertain, but one thing’s for sure—LUNC holders are not backing down. 🚀
#TerraLunaClassic #LUNC #Binance #CryptoNews #CoinMarketCap

#TerraLunaClassic to $1: Is It Possible?

As the cryptocurrency landscape shifts, Terra Luna Classic ($LUNC
) has gained attention for its potential to reach $1. Here’s why that could happen:

Key Factors:

Community Strength: Since the challenges faced in 2022, the Terra community has demonstrated remarkable resilience and support, which is vital for the project's recovery and growth.

Burn Mechanism: Recent updates aim to reduce the supply of #LUNC✅ through token burns, which could increase demand and drive up its price.

Partnerships and Integrations: New collaborations within the crypto ecosystem are expanding LUNC's utility, making it more attractive to #investors .

Market Sentiment: With improving sentiment in the crypto market and rising interest in altcoins, LUNC could benefit as investors diversify their portfolios.

#TechnicalAnalysis : Indicators suggest a bullish trend in LUNC's price, hinting at potential upward momentum that could bring it closer to $1.

What Should Investors Do? Stay updated on market trends and community developments. Engaging with other investors can provide valuable insights and strategies as the community grows.

Could LUNC reach $1? What's your opinion on its potential?
#GameFiTokensRally