January 1 2026 The Terra Luna Classic (LUNC) community rang in the new year with big news: Binance, the world’s largest crypto exchange, executed its monthly token burn, permanently removing over 5.3 billion LUNC from circulation.
This deflationary move immediately caught the market’s attention. LUNC surged roughly 20% in just a few hours, climbing to around $0.000045, while daily trading volume spiked over 620%, approaching $110 million.
The burn is part of Binance’s ongoing commitment to the Terra Classic ecosystem, redirecting a portion of trading fees to reduce supply. On-chain data confirmed the tokens were sent to an irretrievable burn address. With this burn, the total LUNC removed from circulation has now surpassed 441 billion, with Binance responsible for more than half of all burns historically. Community-driven burns added another 124 million LUNC during the same period, showing grassroots support remains strong.
While 5.3 billion tokens are only a small fraction of the trillions in circulation, the event signals a continued effort to curb inflation stemming from Terra’s original collapse. Social media lit up with messages thanking Binance CEO Richard Teng and founder Changpeng Zhao, as many community members expressed renewed optimism for LUNC in 2026.
Despite the rally, LUNC is still far from its pre-collapse highs and remains a speculative asset. Analysts note that consistent burns, combined with potential ecosystem upgrades and increasing real-world utility, could enhance scarcity over time. For now, this New Year’s burn has reinvigorated the community, proving that deflationary mechanisms still have an impact.
As Terra Classic enthusiasts explore proposals for DEX launches, oracles, and real-world integrations, events like this highlight the slow but steady path to recovery. With Binance’s support, LUNC holders are entering 2026 with renewed hope for a bullish year ahead.
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