November started off very hot, as the Luna Classic 1.1b tokens in just 3 days!
Fans of Terra Luna Classic say they want to reduce the supply of their coin to increase its value.
The majority of these coins were burned by Binance the world’s largest crypto exchange. They burned 50% of the fees they received related to LUNC.
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Binance Luna Classic Burns 655M Sloppy Volume
On November 1, 2025, Binance burned 655 million tokens, and just two days later, on November 3, someone inspired someone to burn over 481 million LUNC tokens!
Luna Classic total supply now stands at 5.49 trillion, down from 6.48 trillion initially meaning the supply has shrunk, thus maintaining the coin’s value.
But despite this large burn, LUNC’s market value hasn’t increased. The price fell 7.3% in the last 24 hours, and is down 14.4% for the entire week. It has fallen 51.5% over the year.
Trading volume on Luna Classic has also decreased after the chain upgrade, which is a slightly negative signal for the market.
Luna Classic 1.1B Price Met With Skepticism
Additionally, the Terra Luna Classic community is a bit confused about the price of LUNC. The MM 3.0 LUNC Roadmap has set lofty goals—such as $0.02, $0.04, $0.08, $0.16, $0.32, $0.64, and ultimately, an aim to reach $1.
But not everyone agrees. Many community members are joking, “We haven’t even gotten rid of two zeros yet, and you’re talking about $1 in 18–24 months?”
The price of LUNC is currently at $0.00003955, and if trading volume doesn’t increase, it could fall to a 3-month low of $0.00003383.
Whale support appears to be waning in the market, and the Chaikin Money Flow is trading negative.
At the same time, political tensions and economic uncertainty are also increasing globally. U.S. Treasury Secretary Scott Bessent has warned that the real estate sector could be headed for a recession this has increased market fears and made investors cautious.
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People Also Ask – Luna Classic 1.1B:
What does the Luna Classic 1.1B burn mean?
This burn was done to reduce the total supply of Luna Classic, to restore the coin’s value and restore public trust. It has been part of similar large burns before.
Why didn’t the price rise after this burn?
The price didn’t move because there’s still excess supply in the market and public sentiment is weak. A burn only has an effect when demand is strong.
Will this burn help in the future?
If Luna Classic gains further adoption, this burn could help in the long term. But the price will only stabilize if burns are regular and demand increases.
What problems does LUNC face now after the burn?
The biggest problem right now is that supply is still very high and the price is falling. Market confidence is low, so recovery may take some time.
