🔥 Luna Classic kicks off November with a 1.1 billion token burn – Community excited, price still “standing still”
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November kicked off with a bang for Terra Luna Classic (LUNC) as the community burned a total of more than 1.18 billion tokens in just the first 3 days of the month. Leading the way is still Binance, the world’s largest exchange, which continues to maintain its campaign of burning 50% of LUNC transaction fees collected monthly.
♻️ Binance fuels the burn movement – 655 million tokens disappear in just one day
On November 1, 2025, Binance permanently destroyed 655 million LUNC, creating a strong motivation for the community to continue taking action.
Less than 48 hours later, another 481.7 million tokens were burned in a spontaneous community burn, bringing the total number of LUNC burned to more than 1.1 billion.
As a result, the circulating supply has now dropped to 5.49 trillion, down significantly from the initial 6.48 trillion — a major step toward the goal of restoring value through deflationary mechanisms.
📉 LUNC Price Remains “Undaunted” by Community Efforts
Despite the reduced supply, Terra Luna Classic’s price has not responded positively. LUNC lost 7.3% in the last 24 hours, and is down 14.4% in the past week.
On a yearly basis, the altcoin has lost more than 50% of its value, indicating that selling pressure remains strong.
The drop in spot trading volume following the Layer-290 chain upgrade has further weakened the price momentum.
“The community is on fire, but the market is still cold,” – a LUNC forum member commented.
🚀 $1 Target – Ambition or Illusion?
The LUNC community still has strong faith in the MM 3.0 Roadmap, setting the recovery price milestones of 0.02 → 0.04 → 0.08 → 0.16 → 0.32 → 0.64 → 1 USD.
However, many investors are skeptical. One member commented:
“We haven’t even erased two zeros, let alone 1 USD in the next 2 years?”
Currently, LUNC is trading around 0.00003955 USD, and could slide to 0.00003383 USD if trading volume does not improve.
The Chaikin Money Flow (CMF) indicator remains in the negative zone, indicating money is withdrawing from the market.
🌍 Market instability, investor sentiment shaken
The tense global geopolitical situation and concerns about the risk of a US real estate recession have pushed the Crypto Fear & Greed Index into a negative state.
In this context, high-risk assets like LUNC may continue to be under correction pressure in the short term.
💡 Summary
✅ More than 1.1 billion LUNC were burned in the first 3 days of November.
🔥 Binance is still the main force in the supply reduction process.
📉 LUNC price has not responded positively, still down more than 7%/day.
⚖️ The general market is unstable, investor sentiment is cautious.
Comment: Community momentum is the only bright spot at the moment, but for the price to recover strongly, LUNC needs real cash flow from large investors - not just from symbolic burns.