Binance Burns 334M LUNC as Price Stalls Below Key Averages
Terra Classic (LUNC)
Editor:
Eugene Serbin
DailyCoin reports that Binance permanently removed 334,879,422.009852 Terra Luna Classic tokens from circulation on October 1, 2026. This burn, executed on-chain using fees from September trading, pushes the platform’s total LUNC elimination beyond 88 billion coins. Consequently, the cumulative burn count across the network now exceeds 460,108,314,222 tokens, leaving approximately 5.51 trillion coins in remaining circulation.
Despite this substantial reduction in supply, the price of LUNC has barely moved, currently trading at $0.000052. The asset remains below both the Double Exponential Moving Average and the Smoothed Moving Average, with the mid-May high of $0.00012 appearing distant. Crypto analysts on X have questioned why the burning campaign failed to impact the price significantly.
The report notes that LUNC lacks trading demand, collecting below $10 million in 24-hour trades. This stagnation suggests that while deflation reduces supply, the price heavily relies on demand which has been consumed by competition. On-chain trackers indicate a resurgence in whale interest, with the Chaikin Money Flow rising to 0.14 since mid-September. This behavior mirrors the late April-early May rally that previously produced a quarterly high.
How the market reacted
Whalio's own Binance spot order flow for LUNC, measured when this story was written up on 1 October 2026. Not the outlet's figures.
Whalio data shows LUNC trading at $0.00005296 with a 1-hour buy ratio of 52.1% and a 4-hour buy ratio of 59.0%. These short-term readings exceed the 24-hour buy ratio of 53.4%, indicating that buying pressure is building in the immediate term. The volume delta reflects this shift, showing positive inflows of +$1,535 over the last hour and +$60,830 over the last four hours. Over the full 24-hour period, the volume delta stands at +$101,792, despite a negative cumulative volume delta (CVD) of -$2,468 at the close. This suggests that while net selling pressure existed over the day, recent hours have seen a reversal toward net buying. The spot volume for the period was $1,479,590 across 30,788 trades, with net buying occurring in 10 of the 24 hours.
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.
Was that an ordinary day?
The same Binance spot measurements for LUNC, averaged over the days leading up to the story.
Comparing today's activity to the preceding week reveals a divergence in momentum. The 24-hour buy ratio of 53.4% is notably higher than the 7-day average buy ratio of 47.6%, representing a 5.8 point increase in buying dominance. However, the current spot volume is only 0.76 times the weekly average, indicating that this increased buying intensity is not yet supported by broad volume. Over the eight-day period, the volume delta totaled -$752,297, contrasting with today's positive short-term deltas. While the coin saw a -0.2% price change over eight days, today's elevated buy ratio suggests a potential shift from the week's overall net selling trend.