The battle-scarred Terra Luna Classic (LUNC) community is gaining momentum following the embattled altcoin’s 28% rebound to last month’s support levels. This comes a day after Binance, the globe’s largest crypto platform by trading volume, completed a monthly batch of the LUNC trading fee burn, compiled from 50% of the garnered fees throughout February, 2026.
858M LUNC Rushed Out Of Existence By Binance
This time, Binance managed to eliminate 858,230,264 LUNC tokens. With such figures sent to the bottomless pit, Terra Luna Classic’s remaining supply has been reduced to roughly 5.46 trillion, flushing nearly 1.5 trillion since Luna Classic’s hyperinflation shot up the supply to an enormous figure of 6.9 trillion in mid-2022.
This has also pushed the overall Binance LUNC burn score to over 83 billion tokens since the initiative sparked back in 2022. However, Terra Luna Classic’s community appears to be striving for way more than that. According to the latest initiative by one of LUNC chain’s node validators, LBank exchange has been requested to join the LUNC burning campaign.
One More Exchange To Join LUNC Burn Ceremony?
If LBank decides to join these efforts, they are asked to burn a chosen portion of the monthly LUNC fees, possibly including the Terra Classic USD (USTC) trading pairs too. Setting up a poll on X, Luna Classic Revival validator Marz received almost unanimous support from the crypto community, resulting in a 97.9% approval rate.
Those who rejected the idea presented Terra Luna Classic (LUNC) staking as an alternative to the acceleration of the burning mechanism. However, on-chain stats show Terra Luna Classic’s staked ratio is already doing solid with 15.15% of all LUNC staked – approximately 979 billion. As the track record shows, this doesn’t reflect on the price if LUNC burns are inconsistent.
As of press time, Terra Luna Classic (LUNC) is priced at $0.00004402, whipping up 1.9% gains over the past 24 hours. The ultra-stagnant trading volumes continue to pose the biggest challenge for long-term price implications: this has fallen sharply to $15,567,780 from hundreds of million on average registered for the most part of 2025, prior to the V3.6.0 upgrade going live.
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Binance burned about 850 million LUNC tokens on March 1, 2026, as part of its monthly program (using trading fees). Burns reduce the total number of tokens out there, which often creates excitement and pushes the price up short-term.
The circulating supply is now roughly 5.46 trillion Terra Luna Classic tokens (a tiny drop from before, since the burn was ~0.016% of supply). Total supply (including already-burned tokens) is around 6.47 trillion.
Every month, Binance takes some of the fees it earns from people trading LUNC and burns (permanently destroys) them. This has been happening since late 2022 to help shrink the huge supply after Terra’s 2022 crash.
It helps a little by reducing supply slowly, and big burns often cause quick price spikes (like this 28% one). But with trillions of tokens still around, it takes a lot more burning + other good news (upgrades, adoption) for big sustained gains.
