Terra Luna Classic Price Surged to $0.00006490: A 40% Gain Driven by 410 Billion Token Burn

The Terra Luna Classic price surge is grabbing attention again. After a period of consolidation and bearish pressure, LUNC has surprised the market by rallying sharply, breaking a key resistance level that had capped its upside for weeks. LUNC has risen to $0.00006522, marking its highest price level since late March. That represents a nearly 40% increase from its lowest price point this year. This strong move isn’t just a technical bounce; it comes when Terra Luna Classic is inching toward two significant milestones that could shape its long-term trajectory: an upcoming 410 billion token burn and a growing staking ratio.

Why is the LUNC Price Surging Right Now?

One of the major catalysts behind the recent Terra Luna Classic price surge is its aggressive burn activity. Over the last seven days, the network has burned over 205 million tokens. Since the introduction of the burn mechanism in May 2022, over 408 billion tokens have been taken out of circulation. This consistent LUNC token burn is having a real effect on supply dynamics. Through its monthly burning of 50% of LUNC spot and margin trading fees, Binance has removed over 72 billion tokens from the system. Last month, it burned 521.9 million tokens, slightly down from 760 million in March; still, the cumulative impact remains highly significant.

How Important Is Staking in LUNC’s Bullish Case?

While burns are reducing the circulating supply, staking is playing a growing role in LUNC Bullish Chart’s long-term appeal. Over 1.038 trillion LUNC tokens, nearly 15% of the total circulating supply, are staked on the network. To put that into perspective, the staking ratio was 13% a year ago. This rising participation from long-term holders reflects more substantial confidence in the network and further limits available liquidity for trading, which can enhance upward price movement. The combined effects of high staking and rapid token burn reinforce Terra Luna Classic’s bullish chart outlook and lend weight to the current momentum.

Does the Chart Imply More Gains Ahead?

From a technical standpoint, the Terra Luna Classic price surge has broken past a descending trendline that had acted as resistance since January. This breakout invalidates a previously forming descending triangle pattern, often seen as a bearish indicator. What makes the breakout even more convincing is that the LUNC Bullish Chart is now trading above its 50-day moving average. Momentum indicators like the MACD and the Awesome Oscillator are both in bullish territory, with the MACD crossing above the zero line, a strong signal of continued buying pressure. The nearest significant resistance now lies around $0.0001. If the current momentum holds, reaching this level would mean another 60% gain from the current price. 

Chart 1- LUNC/USDT Live Price, Published on TradingView on April 25, 2025

What Could Influence the Next Move in LUNC?

While the Terra Luna Classic price surge is fueled by positive sentiment and on-chain improvements, sustainability depends on trading volume, continued burns, and staking support. Binance’s upcoming monthly burn will be a key short-term event. If the volume spikes and the token burn crosses expectations, it could inject fresh bullish energy into the market. On the other hand, a drop in volume or weaker staking growth could stall the rally. Macro market conditions, Bitcoin’s movement, and investor appetite for high-risk altcoins will also play a role in where LUNC heads next. The setup looks promising for now, but caution remains key as crypto markets can turn fast.

Terra Luna Classic Bullish Price Doesn’t Stop Here 

All things considered, the Terra Luna Classic price surge isn’t just a flash in the pan. The fundamentals are lining up with more than 408 billion tokens burned and the 410 billion mark around the corner, along with a steadily growing staking base. The bullish breakout above key resistance levels, combined with momentum on the technical chart, suggests that LUNC Token Burn could be gearing up for another leg higher. While risks always exist, especially in volatile crypto markets, Terra Luna Classic has reignited investor interest. If the 410 billion token burn hits on time, it might just be the catalyst that sends it soaring further.

The post Terra Luna Classic Price Surged to $0.00006490: A 40% Gain Driven by 410 Billion Token Burn appeared first on Coinfomania.