LUNC News: Terra Luna Classic Burn Reaches 50B, Price to Rally?

Terra Luna Classic’s total burn reaches nearly 50 billion as a project committing massive weekly burn sends over 106 million LUNC to the burn address. The community burned over 547 million LUNC tokens last week, after a massive 9 billion LUNC burned in the first week of March supported by 8.85 billion tokens burned by Binance.

Cremation Coin on March 14 revealed that it has burned over 106 million Terra Luna Classic (LUNC) tokens in a single transaction. With its highest-ever burn since December, the project has in total burned nearly 200 million LUNC since committing to the LUNC burn campaign to reduce circulating supply.

The transaction details reveal 106,101,562 LUNC tokens sent to the burn address at 8:16:56 AM on March 14. It has a transaction fee of 212,210 LUNC. Cremation Coin commits to converting 10% of its trading volume to Terra Luna Classic (LUNC) tokens every week.

On March 7, Cremation Coin burned 51,733,696 LUNC tokens to enter the top 10 LUNC burn list of LUNC Dash. The project is now at the 7th position, behind validator Allnodes’ 344.35 million total LUNC burn.

Terra Classic influencer Classy Crypto in a tweet earlier agreed with massive amounts of LUNC tokens burned by Cremation Coin. He purchased some CREMAT tokens to increase the LUNC burn amount, saying “Just grabbed a bag, let’s burn some LUNC.”

Also Read: Terra Classic Community Rejects Proposal To Remove Core Dev “Zaradar”

Terra Luna Classic Price To Rally?

Terra Luna Classic (LUNC) price jumped nearly 5% in the last 24 hours, with the price currently trading at $0.00014. The 24-hour low and high are $0.000130 and $0.000141, respectively. Furthermore, the trading volume is flat in the last 24 hours, indicating a decrease in interest among traders due to recent crypto market troubles.

The latest rally is supported by the market-wide recovery in the market after the U.S. CPI data. Bitcoin price rallied past $26K, the first time in the last 9 months.

Also Read: Silicon Valley Bank Now Under Investigation By U.S. SEC & Department Of Justice

Recommended
Price Analysis

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.