A massive monthly burn of 3.2 billion Lunk tokens has piqued the attention of the Luna Classic community and supports the oppressed network. Naturally, monthly burn rates are especially important in reducing the rank supply of overmint.
The removal of large rank supply is hidden by.
To be precise, at the time of publication, which originally began at 6.48 trillion, there are still circulating rank tokens of 5,551,675,494,775. In addition, over 15% of Altcoin’s supply is trapped in staking activities, adding a sense of rarity to Terra Luna Classic (LUNC).
But the Lag of Luna Classic continues. A year-long downward spiral retested $0.000052 by sending a game-tested Layer-1 Altcoin.
A week ago, OKX announced the removal of related pairs in the LUNC/USDT, LUNC/USD, USTC/USDT and permanent markets. This has led to LUNC’s chain becoming another huge hit in terms of trading volume.
LUNC price beats major proposal scrap
Another important issue behind this turbulent lunk price is the support of inconsistent whales. A large Crypto investor known as the Crypto Whale has not shown strong purchasing power at its current price range despite this level of support that supports back-to-back support earlier this year.
This could be due to a split between LUNC members as the Altcoin community recently rejected a key Stablecoin proposal. The offer in question, proposal #12192, did not receive sufficient support from LUNC members for approval, despite USTD Stablecoin having an automatic yield focus that can attract new investors.
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This highlights recent milestones in the burn mechanism of Teralna Classic. There, about 3.2 billion coins will be incinerated (via taxes, Binance fees and community efforts), bringing the total supply down to less than 5.6 trillion, pushing cumulative burns to over 400 billion since 2022.
The burns created a short-term rarity hype, causing a rapid rallies of 10-20% as traders bet on lower supply driving values. It also accelerated a 10% surge amid a wider market recovery, as well as past events like the 1.6B weekly newspaper in February 2025.
Limited ecosystem growth has maintained profits. TVL fell to just $800,000 amid low DAPP activity, but the pressure of high selling from the liquidity pool burned out. The UST collapse stigma in 2022 will also undermine investor trust.
Burns have emerged from the on-chain transaction tax (some automatic bans), donations of vinance fees (over 50% of total burns in February 2025, e.g. 760m), and community/validator contributions, with recent weekly weekly taxes reaching 1-2B tokens.
Temporary boosts can fade without utility growth. Analysts will make the potential 50% meetings to $0.00008 if TVL rebounds, but the downward pattern suggests a downside risk to $0.000056 in support, unless a broader adoption has begun.