A leading exchange burned 529.6 billion LUNC tokens, causing the token to surge 24% in one day.

Source: TokenPost Original Title: Binance Burns 529.6 Billion LUNA Classic Tokens… LUNC Surges 24% in a Day Original Link: A major exchange burned approximately 529.6 billion LUNC (LUNA Classic tokens) during the first week of the new year in 2026, marking the largest token burn in the past year and drawing strong attention from the LUNC community.

Record-Breaking Burn Volume

The exchange announced the destruction of 529.6 billion LUNC tokens, valued at about $280,000 (roughly 4.53 million yuan). These tokens came from 50% of the trading fees generated from trading pairs. This move reaffirmed the exchange’s commitment to ongoing token burn initiatives.

Following the burn, the price of LUNC surged to $0.0000471, reaching a weekly high. The daily increase was nearly 24%, offering market participants a short-term rebound opportunity. However, the average daily trading volume of only about $30 million (roughly 4.34 billion yuan) indicates limited sustainability for this rebound. In comparison, daily trading volume in early December last year approached $500 million (about 7.238 billion yuan), showing a significant decline in trading activity.

Challenges for Long-Term Rebound

Since the collapse of Terraform Labs in 2022, LUNA Classic has been community-led in development and rebuilding efforts. After the founder was convicted, the community shifted focus to independent ecosystem development, with many volunteer developers participating.

However, LUNC still faces a massive circulating supply of 54.9 trillion tokens, which remains a major obstacle to price recovery. Without substantial demand resurgence, a long-term upward trend is unlikely. Compared to $0.00011 a year ago, the current price has dropped by approximately 60.9%.

Community Response Strategies

Despite these challenges, the community continues to build a framework for price recovery through ongoing token burns and cooperation with exchanges. Major exchanges, including some DEXs, are negotiating to establish automatic burn systems. The leading exchange has announced that the next burn event is scheduled for February 1, 2026.

If Bitcoin capital shifts more into altcoins, trading volume for LUNC could increase, and the scale of token burns may expand. Ultimately, locking supply and burning tokens to increase the value of remaining tokens is widely regarded as the only viable survival strategy for the project.

Market Outlook

LUNA Classic is seeking rebound opportunities amid a prolonged downtrend. Improvements on the supply side could drive short-term gains. However, meaningful price recovery requires sustained increases in trading volume and ecosystem expansion. In the short term, attention can be given to event-driven surges from exchange burn news, while long-term success depends on the project’s actual utility and ecosystem development.