| 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 → |
- In a significant development, 16 wallets have reportedly burned 222 million Terra Luna Classic (LUNC) tokens. This massive burn has sparked speculation that Binance may have moved billions of Terra Classic on-chain, potentially signaling a price rally.
- These 16 wallets allegedly burned 222,880,000 LUNC in tax fees merely by moving tokens from one wallet to another. Some community members believe that all 16 wallets are controlled by Binance for massive staking.
- Despite this development, the LUNC price fell by 1% as overall crypto market trading activity remains low.
Recent LUNC burns have sparked speculation about Binance’s involvement and potential price rally for Terra Luna Classic.
Massive LUNC Burns Trigger Speculation
The Terra Luna Classic community witnessed massive LUNC burns with wallet-to-wallet transactions on Wednesday, resulting in a total daily LUNC burn of over 275 million. This significant burn occurred as someone moved billions of LUNC tokens, burning more than 222 million LUNC with burn tax.
Is Binance Behind the 222 Million LUNC Burn?
On May 8, 16 wallet-to-wallet transactions created the majority of the LUNC burn for the Terra Luna Classic community. These wallets burned 222,880,000 LUNC in tax fees just by moving tokens from one wallet to another. A combined 50 billion LUNC were added to these wallets in minutes as the burn happened within an hour.
Some community members claim that all 16 wallets are controlled by Binance, the largest contributor to the LUNC burn campaign. They believe these tokens will be used for mass staking on the Terra Luna Classic chain. Data from StakeBin revealed 239 million LUNC burned in an hour, suggesting that these transactions could have been planned. These wallets currently hold over 400 billion LUNC.
| 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 → |
LUNC and USTC Prices React to Market-Wide Selloff
Traders did not immediately respond to the LUNC burn, but a significant rebound in trading volumes by 123% was recorded, indicating massive interest from traders. Despite this, the LUNC price fell 1% in a day as the Bitcoin price corrected over 10%. The LUNC price is currently trading at $0.0001039, with a 24-hour high and low of $0.0001020 and $0.0001096, respectively.
Meanwhile, the USTC price fell 3% in the last 24 hours, with the price currently trading at $0.0206. The 24-hour low and high are $0.02043 and $0.0232, respectively. Trading volume has jumped by 190% in the past 24 hours.
| COINOTAG recommends • Exchange signup |
| 📈 Clear interface, precise orders |
| Sharp entries & exits with actionable alerts. |
| 👉 Create free account → |
| COINOTAG recommends • Exchange signup |
| 🧠 Smarter tools. Better decisions. |
| Depth analytics and risk features in one view. |
| 👉 Sign up → |
| COINOTAG recommends • Exchange signup |
| 🎯 Take control of entries & exits |
| Set alerts, define stops, execute consistently. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🛠️ From idea to execution |
| Turn setups into plans with practical order types. |
| 👉 Join now → |
| COINOTAG recommends • Exchange signup |
| 📋 Trade your plan |
| Watchlists and routing that support focus. |
| 👉 Get started → |
| COINOTAG recommends • Exchange signup |
| 📊 Precision without the noise |
| Data‑first workflows for active traders. |
| 👉 Sign up → |
Conclusion
The recent LUNC burns have sparked speculation about Binance’s involvement and potential price rally for Terra Luna Classic. However, the LUNC and USTC prices have reacted to a market-wide selloff, with LUNC falling 1% and USTC falling 3%. Despite this, a significant rebound in trading volumes indicates massive interest from traders. It remains to be seen how these developments will impact the LUNC and USTC prices in the future.
| 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 → |
