Binance Burns 334 Million LUNC Tokens, But Price Remains Flat

Binance has continued its commitment to the gradual reduction of Terra Luna Classic (LUNC) tokens, executing another significant burn from trading fees. The leading cryptocurrency exchange by trading volume permanently removed 334 million tokens, representing 50% of the fees collected from LUNC trading pairs during September 2026.

On October 1st, Binance executed an on-chain burn of 334,879,422.009852 LUNC tokens, a transaction now fully visible on the blockchain explorer. According to on-chain records, the exchange has contributed to the destruction of over 88 billion LUNC tokens to date, leaving the circulating supply at approximately 5.51 trillion coins.

Cumulative Burns Top 460B, Price Still Flopping

On-chain data indicates that the cumulative number of burned LUNC tokens has reached 460,108,314,222. Despite these massive deflationary efforts, crypto analysts on X have questioned why the token’s price has barely budged. A closer look at daily trading volumes reveals a lack of market demand, with the altcoin generating less than $10 million in 24-hour trades.

The token has slipped below two critical moving averages, presenting a new technical obstacle. Currently trading near a support level of $0.000052, the price of Terra Luna Classic (LUNC) remains well below both the Double Exponential Moving Average (Double EMA) and the Smoothed Moving Average (SMA).

The price peak of $0.00012 seen in mid-May appears distant on the daily charts. However, Luna Classic (LUNC) has shown a rise in the Chaikin Money Flow (CMF) indicator since mid-September, currently sitting at 0.14.

Whales Bring a Long-Awaited Catalyst For LUNC

This metric indicates a resurgence in whale interest, as large holders accumulate the token in anticipation of a significant price shift. The current accumulation pattern closely mirrors the behavior observed during the late April to early May rally, which previously propelled the token to a quarterly high of $0.00012.

With trading volumes remaining stagnant on spot markets, the burning of LUNC tokens may not yield immediate price appreciation. While deflationary mechanisms directly reduce the supply, price performance ultimately relies on market demand. In the case of Terra Luna Classic (LUNC), the token continues to battle intense competition within the crypto space.

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