Why did LUNC surge, is there still a chance for LUNA?

The core fuel of LUNC is the frenzied acceleration of token burns. LUNC has burned over 850 million tokens this week, totaling nearly 1 billion this month, with circulating supply continuing to shrink. On-chain taxes from exchanges like Binance and proactive donations have caused the burn rate to skyrocket by 1200%. An even more significant catalyst is the upcoming upgrade to Terra Classic v3.5.0 on December 8th, which will restart market modules and restore USTC-LUNC stablecoin trading pairs. Binance has officially announced full support, and the sentencing hearing for Do Kwon in the U.S. on December 11th is also a hot topic for speculation. The combination of burning, upgrading, and events has led to a frenzy of growth. From a technical perspective, I personally believe there is still room for LUNA to rise, though some market manipulation is inevitable, so it’s worth paying attention to.