Binance Burns 334M LUNC as Guarda Adds Support
Terra Classic (LUNC)
Editor:
Eugene Serbin
DailyCoin reports that Binance executed its 48th monthly burn on September 1, 2026, destroying 334.87 million LUNC tokens. This latest action brings the exchange’s cumulative burn total to over 87.76 billion LUNC. Despite these efforts, approximately 5.52 trillion tokens remain in circulation, down from an original 6.42 trillion.
Trading fees generated on Binance are converted and burned monthly to reduce the over-minted supply. However, ecosystem upgrades have not yet stabilized trading volumes, which dropped significantly after the v4.0.1 mainnet upgrade in mid-May last year. In a move to boost adoption, Guarda announced the addition of Luna Classic to its self-custodial wallet ecosystem.
This allows holders to store LUNC with their own private keys. Additionally, Binance renewed LUNC deposits and withdrawals in August to capture activity shifting to DeFi. Following these developments, LUNC recorded a 1% gain to trade at $0.0000509.
How the market reacted
Whalio's own Binance spot order flow for LUNC, measured when this story was written up on 1 September 2026. Not the outlet's figures.
LUNC is currently trading at $0.00005080 with a 24-hour spot volume of $885,019. The 24-hour buy ratio stands at 51.4%, indicating a slight majority of buyers over the full day. However, shorter-term pressure shows weakness, with the 1-hour buy ratio at 49.6% and the 4-hour ratio dropping to 33.6%. Volume deltas reflect this shift, showing a negative $364 in the last hour and a negative $92,090 over four hours, compared to a positive $24,891 over 24 hours. The cumulative volume delta for the 24-hour close is -$106,170. This data suggests that while daily buying was balanced, recent intraday momentum has faded into net selling pressure.
The latest daily buy ratio of 50.7% sits at the 67th percentile of the last 322 days, against a median of 49.0% - ordinary for this coin.
Twenty-four hours later
What LUNC did over the 22 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for LUNC, averaged over the days leading up to the story.
Over the preceding week, LUNC experienced a 6.0% price decline with only two days of net buying out of seven. The 7-day average buy ratio was 48.1%, meaning today’s 51.4% reading is 3.3 percentage points higher than the weekly norm. Despite this relative improvement in buy ratio, trading volume remains subdued at 0.60 times the weekly average. The 8-day volume delta total was -$231,409, indicating persistent outflow pressure over the longer timeframe. This makes today an unusual day for buy ratio strength, but volume remains well below average levels.