24/7 Cryptocurrency News

LUNA Classic Price : Why Terra LUNA Classic (LUNC) Is Trending?

Terra LUNA Classic is again highlighted in the market after 2022. This is because of its ongoing LUNC burns to decrease the supply.
Published by
LUNA Classic Price : Why Terra LUNA Classic (LUNC) Is Trending?

LUNC’s history of being a top-performing coin in the crypto market ended in 2022. There was a time when Terra LUNA Classic was traded above the $100 mark and reached an ATH OF $119. Soon, the prices got dumped, and it acquired a lower value like $0.000001.

With such a rollercoaster-like journey, Terra LUNA  Classic is in trend again. Let’s talk about that.

Advertisement

What’s Happening With The Terra LUNA Classic Price ?

LUNC finally surged last month, and the price has hiked around 14% from a week ago. LUNC Price is  currently trading at $0.0001407. There is a significant downfall of 8% compared to yesterday’s price. The same has happened with the trading volume as it has decreased by 38% and is at$154,646,132.

Earlier, to deal with the LUNC’s volatility, Binance burned a total of 100 Billion LUNC tokens to reduce the token supply. And now again, a burn program to go beyond the 100 Billion LUNC Burn is happening today on 1 March 2024.

Binance is solely responsible for more than 51% of LUNC burning. In its previous or 18th burning, Binance burned around $2 Billion in tokens, which led to this February month hike. Today is the 19th burn for LUNC, and it is predicted that this burn will maintain the hike and show a new price movement.

LUNA’s circulating supply is around 5.7 Trillion, and the total supply is 6.8 Trillion. As the crypto market is bullish, the LUNC community is working on boosting utility, collecting funding, and increasing the burn rate.

How are Market Conditions Affecting LUNC?

The 18th burn has mainly affected the LUNC prices, but the market’s bullish conditions have also played a role. The crypto market is in an extreme greed zone where the top cryptos are performing well. Bitcoin has surged above the $63k range, but today, it has dipped a little by 2% and is trading at $61,553.25.

The same has happened with Ethereum, where it surpassed the $3500 mark, but today it has dipped to $3,376.74 after a %2.5% dip. It does show a pattern where the primary cryptocurrencies were all bullish yesterday but have sunk in a certain amount today after peaking for an entire week.

Advertisement

Conclusion

The recent Terra Luna hike has led to many expectations among the community, but today’s downfall is giving mixed signals. It was the first clear jump after 2022, but it is uncertain how the LUNC will perform in the next few days. Bitcoin’s performance has also dipped from yesterday’s value when it crossed about $63,000.  Learn more about why the crypto market is rallying.

Share
Ezra Icy

Ezra Icy, the creative wizard from Phoenix, Arizona, specializes in crafting magnetic content for Web3 brands. In the digital realm, he doesn't just connect users; he orchestrates a symphony of community and human bonds. Connect with Ezra in transforming pixels into unforgettable moments and turning the virtual landscape into a warm, welcoming oasis of connection only at ezra@coingape.com

Published by
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.

Recent Posts

  • 24/7 Cryptocurrency News

Linea Airdrop Goes Live September 10: What to Expect from Its Launch Price

The long-awaited Linea airdrop is fast approaching, with the launch date set on September 10,…

September 6, 2025
  • 24/7 Cryptocurrency News

How to Attend InnoBlock 2025 Event: Tickets, Dates, and What to Expect?

While the market slows down, it's giving investors the opportunity to connect and learn with…

September 6, 2025
  • 24/7 Cryptocurrency News

Why the Chainlink Reserve Could Be the Secret Tailwind for LINK’s Next Bull Run

The crypto market often moves on big catalysts. Chainlink (LINK) may have found one of…

September 5, 2025
  • 24/7 Cryptocurrency News

BlackRock Joins Ripple Swell 2025: Could an XRP ETF Be Next?

Ripple is all set to host its Swell 2025 event this November with over 600…

September 5, 2025
  • 24/7 Cryptocurrency News

XRP, SOL, and ETH Can Never Flip Bitcoin: Pierre Rochard Explains

People like a “Flippening” story, where altcoins like Ethereum (ETH), Solana (SOL), or XRP could…

September 5, 2025
  • 24/7 Cryptocurrency News

What’s Fueling Today’s Crypto Market Crash?

September, traditionally a concerning month for the stock and crypto market, has started to take…

September 4, 2025