| COINOTAG recommends • Exchange signup |
| 💹 Trade with pro tools |
| Fast execution, robust charts, clean risk controls. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🚀 Smooth orders, clear control |
| Advanced order types and market depth in one view. |
| 👉 Create account → |
| COINOTAG recommends • Exchange signup |
| 📈 Clarity in volatile markets |
| Plan entries & exits, manage positions with discipline. |
| 👉 Sign up → |
| COINOTAG recommends • Exchange signup |
| ⚡ Speed, depth, reliability |
| Execute confidently when timing matters. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🧭 A focused workflow for traders |
| Alerts, watchlists, and a repeatable process. |
| 👉 Get started → |
| COINOTAG recommends • Exchange signup |
| ✅ Data‑driven decisions |
| Focus on process—not noise. |
| 👉 Sign up → |
- The latest milestone in the cryptocurrency market involves Binance completing its 22nd cycle of Terra Luna Classic (LUNC) token burns.
- This action signifies Binance’s continued support for the Terra Classic initiative.
- Over 1.35 billion LUNC tokens were permanently removed from circulation in this phase.
Binance’s active participation in the LUNC burn process aims to stabilize and potentially enhance the value of the Terra Luna Classic tokens.
Ongoing Commitment by Binance to Terra Luna Classic
Binance has once again demonstrated its dedication by eliminating 1.35 billion LUNC tokens through its ongoing burn initiative. This specific burn includes trading fees accumulated from April 30 to May 30. As of today, Binance has incinerated roughly 60.42 billion LUNC tokens related to both spot and margin trading. Alongside the Terra Luna Classic community’s initiatives, the total net burn now exceeds 116 billion LUNC tokens.
Implications of LUNC Price Movements
In April, Binance led a burn operation that eradicated 1.4 billion LUNC tokens, which coincided with a significant drop in market trading volumes. By early May, this trend persisted until a rebound at the end of the month. Consequently, the LUNC price traded around $0.00012. Currently, LUNC has observed a modest rise, trading at $0.0001218, reflecting a 3% increase and lifting its market cap to $705 million, thereby ranking it 115th by trading volume.
Key Insights from Recent Developments
- Binance’s latest burn of 1.35 billion LUNC tokens signifies their dedication to maintaining the token’s scarcity.
- The aggregate amount of LUNC tokens burned by Binance has surpassed 60 billion.
- The combined burning efforts by Binance and the Terra Luna Classic community account for 52% of the total burn initiative.
- Over the past month, LUNC’s price has increased by 17%.
- LUNC is currently trading at $0.0001218, reflecting a 3% price increase.
Conclusion
Binance’s participation in burning LUNC tokens illustrates their ongoing support for the Terra Classic ecosystem. The significant burn activities by Binance and the community have had a discernible impact on the market dynamics and the token’s valuation. As Binance continues its strategic involvement, the market can anticipate further stabilization and possible appreciation in the value of LUNC, making it a significant player in the cryptocurrency space.
| COINOTAG recommends • Professional traders group |
| 💎 Join a professional trading community |
| Work with senior traders, research‑backed setups, and risk‑first frameworks. |
| 👉 Join the group → |
| COINOTAG recommends • Professional traders group |
| 📊 Transparent performance, real process |
| Spot strategies with documented months of triple‑digit runs during strong trends; futures plans use defined R:R and sizing. |
| 👉 Get access → |
| COINOTAG recommends • Professional traders group |
| 🧭 Research → Plan → Execute |
| Daily levels, watchlists, and post‑trade reviews to build consistency. |
| 👉 Join now → |
| COINOTAG recommends • Professional traders group |
| 🛡️ Risk comes first |
| Sizing methods, invalidation rules, and R‑multiples baked into every plan. |
| 👉 Start today → |
| COINOTAG recommends • Professional traders group |
| 🧠 Learn the “why” behind each trade |
| Live breakdowns, playbooks, and framework‑first education. |
| 👉 Join the group → |
| COINOTAG recommends • Professional traders group |
| 🚀 Insider • APEX • INNER CIRCLE |
| Choose the depth you need—tools, coaching, and member rooms. |
| 👉 Explore tiers → |
| COINOTAG recommends • Members‑only research |
| 📌 Curated setups, clearly explained |
| Entry, invalidation, targets, and R:R defined before execution. |
| 👉 Get access → |
| COINOTAG recommends • Members‑only research |
| 🧠 Data‑led decision making |
| Technical + flow + context synthesized into actionable plans. |
| 👉 Join now → |
| COINOTAG recommends • Members‑only research |
| 🧱 Consistency over hype |
| Repeatable rules, realistic expectations, and a calmer mindset. |
| 👉 Get access → |
| COINOTAG recommends • Members‑only research |
| 🕒 Patience is an edge |
| Wait for confirmation and manage risk with checklists. |
| 👉 Join now → |
| COINOTAG recommends • Members‑only research |
| 💼 Professional mentorship |
| Guidance from seasoned traders and structured feedback loops. |
| 👉 Get access → |
| COINOTAG recommends • Members‑only research |
| 🧮 Track • Review • Improve |
| Documented PnL tracking and post‑mortems to accelerate learning. |
| 👉 Join now → |
