Binance Nears 90B LUNC Torched Following Mega Burn

Binance shelled out another massive Terra Luna Classic (LUNC) burn, derived from 50% of the fees garnered during July, 2026 on LUNC-linked trading pairs. The highest-ranked crypto exchange by trading volume has been committed to do so on the first day of each month, now nearing a crucial milestone in this deflationary campaign. Nearly 90B LUNC Incinerated By World’s Most Active Platform Judging from the official burning records, 604.27 million of LUNC coins were incinerated on July 1, 2026. Zooming out, Binance has sent 87.14 billion Terra Luna Classic (LUNC) tokens to the bottomless pit. The gargantuan figures resemble the supply cut, but not necessarily the LUNC price movement. https://twitter.com/Dr_Kritsada/status/2072263508616757317 With the initial supply being at 6.45 trillion, around 14% of this has been reduced, leaving roughly 5.54 trillion Luna Classic (LUNC) coins in circulation. Considering the campaign kicked off months after the Terra Classic USD (USTC) demise back in May, 2022, the 90 billion burn milestone seems solid. How About The Implications On Terra Luna Classic’s Price? The recovery road has definitely been bumpy. Following TerraForm Labs’ bankruptcy years after USTC’s de-pegging, the original LUNC token landed in the community’s hands. Then, the burn negotiations began outside Binance, with KuCoin potentially stepping into the LUNC campaign in the future. https://twitter.com/TerraHaberTr/status/2072938978974507064 The LUNC community also took it upon themselves to refurbish Terra Luna Classic’s website and cut the ties with the original issuer, TerraForm Labs. That has renewed some enthusiasm around the downtrodden ecosystem, sparking multiple 200% rallies during the rebound cycles in 2025. Eating a couple of zeroes, the game-tested altcoin actually stormed back into crypto’s TOP 100 by global market cap, but the fight to stay relevant continues till this day. With many of the original Terra Luna dApps now defunct, the fresh wave of enthusiasm mostly comes from investors seeing value in LUNC as a long-term investment vehicle. This is backed by hefty staking numbers: beyond 15% of all Terra Luna Classic crypto coins are staked, which means these cannot be actively traded in the market. With Binance’s LUNC burns approaching 90 billion, the scarcity narrative for Terra Luna Classic (LUNC) is way stronger than ever. Dive into DailyCoin’s popular crypto scoops right now:Solana Activates On-Chain Governance, Sets 100K SOL ThresholdFed’s ‘Family Fight’ Puts Strategy’s Bitcoin Flywheel Under Threat