Terra Luna Classic Jumps 20% After Binance Burns 5.33 Billion LUNC Tokens on New Year's Eve

Terra Luna Classic recorded an almost 20% price spike on New Year's Eve, with LUNC trading near $0.000045 and its market capitalization approaching $250 million. The move followed a 5.33 billion LUNC burn linked to Binance's fee-burning program and was accompanied by a sharp rise in trading volume to about $110 million. Ongoing community burns have now removed more than 436 billion LUNC since the 2022 collapse, while price action remains constrained between key support at $0.000039 and resistance in the $0.000043–$0.000049 range.