Terra Luna Classic Burn Surpasses 85 Billion Milestone Amid Rally

The Terra Luna Classic community has successfully burned an impressive 85 billion LUNC tokens since May 18, 2022, marking a significant milestone in their ongoing efforts to decrease the circulating supply of LUNC. Binance, the world's largest cryptocurrency exchange, has played a substantial role in this achievement by contributing nearly 43.6 billion LUNC, representing over 51% of the total tokens burned to date.

Timeline of Terra-luna

The recent impressive market performance of Terra Classic (LUNC) has sparked renewed interest and speculation about the coin reaching the coveted $1 mark. Despite the growing speculation, it's essential to be realistic—achieving a $1 price for LUNC is unlikely to happen in the near future.

In recent weeks, LUNC (LUNA Classic), the main token on the Terra blockchain, has been making a noteworthy comeback, steadily approaching its all-time high (ATH). LUNC Price Surge: Will it Reach a New All-Time High?

For the past few weeks, LUNC (LUNA Classic), the native token of the Terra blockchain, has made an impressive recovery, with the coin inching closer towards its all-time high (ATH). For instance, in the last 30 days or a month, LUNC has outperformed almost every cryptocurrency in the market as well as the broader crypto

Over the last week, both bitcoin and ethereum experienced significant upticks, with increases of 13% and 10% respectively. Meanwhile, an array of other cryptocurrencies achieved even more impressive growth during the same period. Notably, terra luna classic (LUNC) surged by 122.5% against the dollar, while the BRC20 token ORDI ascended by 118.3%.

Terra Classic (LUNC) is leveraging the ongoing market-wide momentum to register massive gains. The upward trajectory for LUNC began on Nov. 26, marked by a significant 28.50% intraday gain.

Terra Classic Price Prediction: In the recent two weeks, Terra Classic (LUNC) has notably outperformed the broader market, recording impressive gains. This surge in momentum was further fueled when its sister token, the Stablecoin USTC, showed a massive rally in its attempt to regain the $1 benchmark.

Terra Classic Price Prediction: The tokens of Terra Classics network grabbed the investors' attention in late November as the USDT stablecoin recently showcased a massive surge. The LUNC Price recovery bolstered by this positive sentiment reached an 8-month high and hit the $0.000146 mark.

Binance, the world's largest crypto exchange, has recently executed the 16th batch of Terra Luna Classic (LUNC) token burn, eliminating almost 4 billion tokens. This brings Binance's total LUNC burn to over 43 billion, constituting 52% of the total tokens burned by the Terra Luna Classic community.

Terra Classic (LUNC) has shown a robust bullish trend in the last 7 days, experiencing a remarkable 56% surge in value, as reported by CoinMarketCap. However, at the current moment, there's a sign that the altcoin might be pausing its positive momentum, with a slight 0.32% dip observed on the daily timeframe.

Market interest in Terra Classic (LUNC) has risen with a spike in volume as $113 million is added to its capitalization in one day. LUNC ranks among the best performers in multiple time frames.