Terra Luna Classic (LUNC) has seen a steep decline in price despite reaching a milestone of burning over 400 billion tokens. The price of LUNC dropped to its lowest level since August 2024, falling 55% from its December highs. Terraform Labs, which filed for bankruptcy in 2024, has been the largest contributor to token burns. The decreasing price can be attributed to more holders selling their coins and an increase in LUNC tokens being moved to exchanges. The current outlook is bearish, with the next target price being its lowest point in 2024, unless the price rises above the ascending trendline.



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