Starting off November hot with a 1.1 billion token burn, Luna Classic’s community intends to maximize the altcoin’s scarcity.
November has started off hot for Terra Luna Classic’s community, eliminating 1,185,066,917 LUNC tokens in a matter of three days. Just like the usual, the majority of these burned coins come from Binance. The globe’s largest crypto platform used 50% of the LUNC-related fees garnered throughout the month.
Binance Burns 655M LUNC Despite Sloppy Trading Volume
With 655 million tokens destroyed by Binance on November 1, 2025, somebody took inspiration to match the magnitude of this LUNC burn on November 3, 2025, blasting 481,787,180 LUNC tokens into oblivion. This has reduced the altcoin’s circulating supply to 5.49 trillion, a huge deflationary move compared to the initial 6.48 trillion.
In spite of the supply reduction, Terra Classic’s (LUNC) market value failed to respond to the events, dropping another 7.3% in the latest 24-hour period. This puts LUNC at a 14.4% 7-day deficit, combined with a 51.5% drop in a yearly timeframe. Notably, Luna Classic’s trading volume on Spot dwindled after the latest chain upgrade.
Ambitious Luna Classic Price Goals Met With Skepticism
On top of that, Terra Luna Classic’s community members seem to be conflicted around the price implications of LUNC, with the community-driven MM 3.0 LUNC Roadmap suggesting very ambitious restoration targets of $0.02, $0.04, $0.08, $0.16, $0.32, $0.64 & the ultimate $1 goal.
On the other hand, these LUNC price projections get constantly roasted by loyal Luna Classic community members too. “We can’t even lose 2 zeroes, you think it’s even logical to pretend it can be at $1 in the next 18-24 months, lol?”, – sarcastically enquired The Northwest Wind.
As of publication time, the #290 seated Layer-1 altcoin Terra Luna Classic (LUNC) is priced at $0.00003955, potentially heading towards the three-month low of $0.00003383 if the trading volume doesn’t pick up with crypto whale support. For now, this doesn’t seem to be the case with the Chaikin Money Flow (CMF) still dwelling in negative figures.
With the geopolitical tensions uprising, the market uncertainty might continue for the rest of the week – the neutrality in the Crypto Fear & Greed Index had been shredded after Scott Bessent, the U.S. Treasury Secretary, hinted at a real-estate recession due to the prolonged government lockdown.
Discover DailyCoin’s hottest crypto news today:
$2.3B Exodus Hits MEXC Amid Insolvency Fears
TRUMP Coin Pumps 25%: $10 Dream Amid Crypto Carnage
