🌖 LUNC to 119 in 2025? Let’s Get Real!

I’ve seen some posts saying that *LUNA Classic (LUNC)* will reach *119* in 2025. Seriously? It seems like some people didn’t do their homework or *market research*.

Here’s the Truth
Even if they burn *trillions of tokens*, *119* is just *impossible* in the short-term. Sure, burning tokens can help *reduce supply*, but it's going to take *years* to even make a dent in the total circulating supply to reach such a high price. *LUNC* would need *a massive market cap* to even come close to119—and that’s just not realistic for a token like this anytime soon.

What You Need to Know
- *LUNA’s Fall*: Remember *the LUNA crash in 2022*? That event changed everything for *LUNA Classic* (LUNC) and the entire *Terra ecosystem*. It shattered confidence, and we’re still recovering from the fallout.

- *Current Price*: *LUNC* is currently trading at *around 0.0001* (as of now). At these levels, it would need to grow by a *huge percentage* to even reach1, let alone 119.

Why119 is Unrealistic
1. *Total Supply*: *LUNC* has a *massive supply* (in the *trillions*), and burning tokens will take years to reduce it significantly. Even if they burn a huge chunk, the price won’t skyrocket that fast.

2. *Market Cap*: For *LUNC* to reach 119, its market cap would need to be *in the trillions*, which is nearly impossible for a coin with its current market cap. Bitcoin itself is *worth less than1 trillion*.

3. *Adoption and Use Case*: Just burning tokens isn’t enough. *LUNC* needs real-world *adoption* and *utility* to drive its price up. Without that, it’s just speculative hype.

Stop Misleading New Traders!
- *Do your research*: The market is tough, and misleading information only harms new traders who don’t know better.

- *Long-term vision*: If you're holding *LUNC*, keep your expectations realistic. The road to recovery for *LUNA* is a *long one*, and it's not going to hit 119 anytime soon.

- Patience For LUNA to regain its glory, it will require years of rebuilding the trust and a *stronger ecosystem

🌖 LUNC Burn Fuels Terra Classic Price to Eye Huge 170% Rally

The recent burn of 1 billion LUNC tokens by Binance has reignited investor interest in Terra Luna Classic price. The token’s trading volume on Binance has surged, fueling optimism about its price prospects.

The Terra Classic Foundation announced that 50% of trading fees will be used to buy back and burn LUNC tokens. This strategy aims to reduce the token’s circulating supply, boosting market expectations for a potential price rally.

According to LUNC metrics, 393 million LUNC tokens were burned in the past seven days. Since May 13, 2022, the total burn count has reached 389.25 billion tokens. Despite this, the current circulating supply remains high at 6.51 trillion tokens, with the total supply slightly above 6.52 trillion.

LUNC Price To Hit $0.0005?

The Terra Luna Classic community’s proactive efforts, including token burns and governance updates, have strengthened optimism for a price surge. Besides, the upcoming Binance burn is poised to remove a significant chunk of tokens from circulation, which might also boost the asset’s value higher in the coming days.

However, LUNC price today was down more than 1.5% to $0.0001088, while its trading volume dropped by 65% to $68 million. Over the last 24 hours, the token has touched a high of $0.0001119, while noting a weekly gains of 10%.

Terra Classic Futures Open Interest decreased by 11% to $9.33 million, CoinGlass data showed, indicating investors are taking a pause ahead of the highly anticipated Binance burn. However, a recent LUNC price analysis hints at a potential 480% rally for the crypto, which might send its price to $0.000593.

🌖 What Reverse Charge Tax Brings for LUNC

The new tax system on Terra Classic’s L1 chain will replace the previous ‘Tax2Gas’ consensus, eliminating the previous requirement for the payment sender to pay the transfer tax as an extra fee. This outdated logic has imposed multiple challenges on developing decentralized applications on the network, particularly those native to other blockchains.

According to the updates on Orbit Labs’ official X account, the work on implementing this on a Pay-per-Job (PPJ) basis, focusing on fixing interchain tests introduced in SDK 0.47, as well as carrying out a comprehensive code overview of the community-approved “Reverse Charge” mechanism. Overall, the developers at Orbit Labs set a $2,500 budget for this work to be done.

🌖 LUNC’s Path to Recovery: Big Potential Ahead

Despite some recent market fluctuations, the LUNC ecosystem is witnessing a recovery fueled by its growing community support and burn initiatives. The excitement around LUNC is palpable as more investors and traders look to capitalize on its potential for a significant comeback.

LUNC News: Terra Classic Community Backs Orbit Labs’ Plan to Boost Network Sustainability

The Terra Luna Classic (LUNC) community recently commenced voting on the Text proposal 12142 submitted by the developer group OrbitLabs. According to our latest checks, the proposal has received 99.97% “Yes” votes from validators and delegators including Allnodes, Stakely, and HappyCattyCrypto.

🚀 LUNC Burns Are About to Explode! Terra Luna Classic Will Never Be the Same! 🚀

Big news for the Terra Luna Classic community! The burn rates for $LUNC are gearing up for a major surge. Recently, Binance completed a burn of 1.01 billion LUNC tokens, and the community has collectively burned over 76 billion tokens since the 2022 crisis​(CoinGape)​(CoinGape). With increasing trading volumes and new trading pairs launching, we can expect even more significant burns in the coming months(CoinGape).

Despite some recent market fluctuations, the excitement around $LUNC

🌖 LUNC News: Terra Luna Classic Community Votes On USTC Burn Proposal

The latest USTC burn proposal has gained traction from the Terra Luna Classic community. According to the proposal, it aims to burn a total of 46.55 million USTC through a contract migration, with a specific focus on wallets linked to the Mirror Protocol.

Notably, this move follows a previous attempt to execute a burn proposal that failed due to insufficient contract balances. Now, the community is revisiting the matter, with renewed urgency. TerraForm Labs CEO Chris Amani mentioned in a community wind-down meeting that TFL intends to burn all Terra Classic assets.

Meanwhile, this approach is driven by a need to ensure security and compliance with ongoing legal requirements. According to Amani, the wallets in question will be destroyed rather than leaving keys vulnerable to future access. “Burning would be the best option,” he emphasized.

In additio, the proposal indicates that with a substantial amount of USTC and LUNC linked to these contracts, the community must act swiftly to secure the assets through migration and burn the funds. Besides, it highlights the importance of this action as part of the larger effort to prevent further complications following TFL’s exit from the Terra ecosystem.

🌖 LUNC News: Terra Luna Classic Community Votes On USTC Burn Proposal

LUNC News: The Terra Luna Classic community has recently initiated a USTC burn proposal, which has gained notable traction from the market participants. This initiative follows TerraForm Labs’ recent move to wind down its operations and burn remaining assets, which has noted significant attention from the community members.

Meanwhile, this latest proposal seeks to safeguard the Terra Classic community by removing inactive contracts and burning USTC holdings.

🌖 USTC and LUNC Price Jumps

Amid this LUNC news, Terra Luna Classic ecosystem tokens witnessed a slight jump of 2% in the last 4 hours. The tokens also saw a buying activity in derivatives market as futures open interests climbed more than 2% in last few hours.

LUNC price climbed nearly 2% from the 24-hour low, with the price currently trading at $0.0000858. The 24-hour low and high are $0.00008372 and $0.00008631, respectively. However, the trading volume remained low amid the pressure in the broader crypto market.

Meanwhile, USTC price is trading at $0.01798, up 2% in the last 24 hours. The trading volume saw a 37% jump decline in the last 24 hours.

🌖 LUNC News: Over 726 Million USTC Burned After Proposal Passes

In the major news for the LUNC community today, more than 726 million USTC were burned through Anchor Protocol contract migration. The burn came after the community approved proposal 12135 to burn tokens in wallets of Terraform Labs-owned Anchor Protocol.

The proposal was passed narrowly by the Terra Luna Classic community with 27.23% votes in favor. Among validators, nearly 25% voted “Yes” and 48% voted “Abstain” including Allnodes. However, 92% of delegators supported the proposal as the tokens belong to the community.

The developer migrated Anchor Protocol contract to a new code via governance similar to Risk Harbor. However, the execution on the Mirror Protocol failed to burn 46 million USTC. The proposal is submitted again, but developer claims to investigate the reasons behind the failed execution.

All Terra Luna Classic assets as stated by TFL CEO Chris Amani and ordered by the court judgment should be burned. TFL will not interact with Columbus-5 or Phoenix-1 chains after October 31. Any token burn or transfer will be difficult post the court-approved date.

🌖 LUNC News: Terra Luna Classic Burns 726 Million USTC From Anchor Protocol

LUNC News: Over 726 million USTC were burned after the Terra Luna Classic community approved proposal 12135 to burn tokens in Anchor Protocol via contract migration. With Terraform Labs (TFL) cleared to wind down operations by a US bankruptcy court, the community expects billions of LUNC and USTC burns from related projects.

📈 Bitcoin Breaks Out of Falling Wedge Pattern! 📈
Bitcoin is now breaking the falling wedge pattern, and this is a great sign. A candle close above the trendline will confirm the breakout, potentially pushing BTC towards the $66,000-$66,600 resistance area. 🚀
#Bitcoin

Terra Luna Classic Rejects Burn Tax Increase Proposal, LUNC Price Rises

The Terra Luna Classic community has rejected Proposal 12105 which sought to increase the LUNC burn tax. The Luna Classic Community also opposed the proposal because there was no rationality and proper plan for its implementation. Although the burn tax concept was rejected, conversations about the burn tax are still prevalent in the Terra Luna Classic ecosystem.

Proposal 12105 Faces Strong Opposition
Proposal 12105, which proposed an increase of the burn tax to 1.5%, was met with a lot of opposition from the community and validators. It was condemned as illogical and a “lazy effort.” ’The critics argued that it was only a text proposal and not a parameter change, which would have been incapable of implementing any changes to the burning tax even if passed.

The proposal was just a text proposal, meaning it wouldn’t have altered the burn tax immediately. Even if it had passed, the bill would have required more proposals and discussions. The proposal got only 21.35% votes in favor of it. 32% of voters were against it, and 38% said “No with veto,” meaning that they were against it to the extent that they wanted it vetoed.

Some of the criticisms from both validators and community members included an absence of data, missing strategies, and ambiguous volume. All these problems played a role in its failure, and more work should be done in future proposals to prevent such problems.

LUNC Price Set for 60% Rally

CoinGape reported that TFL and Do Kwon tentatively settled with the U.S. SEC over fraud charges. This agreement follows a jury’s verdict in April, where Kwon and his company were found liable for deceiving investors for nearly $40 billion.

U.S. District Judge Jed Rakoff has asked the SEC and the defendants to file papers supporting the settlement by June 12. The SEC seeks Terraform Labs and Do Kwon to relinquish $5.3 billion for ill-gotten gains from sales of the stablecoin, along with a $420 million fine on the company and a $100 million fine for Kwon.

Terra (LUNA) price jumped 30% in an hour and currently trading 16% higher at $0.70 in the last 24 hours, supported by a 450% leap in trading volumes in the last 24 hours.

Terra Classic ecosystem tokens LUNC and USTC prices also witnessed rallies due to the settlement. LUNC price is trading 9% higher at $0.0001240, with a 24-hour high of $0.000131. The trading volume has increased by over 150% in the last 24 hours, indicating massive interest among traders.

LUNC and 1000LUNC futures open interests recorded a 20% jump in the last 24 hours, as per Coinglass data. In fact, open interest on Binance skyrocketed over 23%. This indicates massive buying by derivatives traders.

Analyst Javon Marks in a post on X said LUNC “setting new post-breakout highs in a run that may only be in extremely early stages!” He predicts a 63% move to $0.00021439 as a result of the breakout.

Why is the LUNC Price Going Up?

Investors have been accumulating LUNC over the past two months in anticipation of the upcoming token burn periodically carried out by Binance. Historically, crypto burns have been bullish catalysts in the crypto market. Investors are optimistic that the upcoming burn event will positively impact LUNC’s price, reflecting this sentiment.

LUNC on-chain burns have been steadily increasing, with a popular Supply Change Tracker bot indicating that an average of 178 million LUNC tokens are burned daily. The total remaining supply of LUNC stands at 6,793,288,228,623. The LUNC community is eagerly anticipating the Binance burn, expecting it to significantly reduce the token supply

Bottom Line
As the LUNC supply dwindles, the value continues to stabilize, further proving to Do Kwon and the overall crypto industry that a united community is the greatest strength any crypto project could have. All eyes are on the Terra Luna Classic price to see how it performs post-burn.

Let’s claim together

LUNC Price: Terra Classic Eyes 26% Gains On Binance Periodic Token Burn Event

Over the past two months, the LUNC price has gradually increased in anticipation of the upcoming LUNC burn by Binance, which is set to occur in two days. Today, Terra Luna Classic (LUNC) is trading at $0.00011, reflecting a 3.5% decrease in the last 24 hours and a 1% decrease over the past week.

LUNC Price Analysis: Bullish Setup May Trigger a 26% Upside in the Short Term
The LUNC price rebounded after a reversal following the March general market rally. Since April 15, the asset has been forming an ascending triangle chart pattern, considered bullish with a 63% probability of breaking to the upside and a 37% chance of breaking downward.

The 200-day moving average is slightly above the current LUNC price, offering some resistance but not enough to push it down significantly. Terra Luna Classic’s price could quickly overcome this resistance with positive news.

If the price breaks upward from the ascending triangle pattern, LUNC could see a 26% increase, reaching $0.000151.

In an inverse scenario, the LUNC price may find support around $0.00009, a level it tested twice in the past six months. The Moving Average Convergence Divergence (MACD) indicator is trending upward and is nearing neutral mark. Additionally, both the LUNC price action and the MACD are moving in the same upward direction, indicating an overall bullish market sentiment for Terra Luna Classic.

This upward trend in the MACD suggests strengthening bullish momentum, reinforcing the possibility of a positive price movement. If the LUNC price breaks above its current resistance levels, it could trigger a significant rally. However, if the price fails to hold, it might find stability at the $0.00009 support level, potentially setting the stage for future upward movements

Did you know...

A grand total of ~$40 million has been distributed to YOU, TON community in the last 3 months.

◼1.4М Toncoin for LP boosts
◼726K Toncoin in airdrops
◼$8.5М in prizes for winning teams
◼4M Toncoin for USDT pools

Total: 6.1M toncoin * 5.2 (average price since 4/03) + $8.5M = $40.22 MILLION DOLLARS.

WOW.

$NFP #NFP/USDT breakout alert

if daily closes above 4450 expect easy profits to come here. if fails to do above retest od 3800-3900 to come and must hold to confirm bullish retest before moon 🤔. for now keep it under extreme alert.