The price of Terra Luna Classic (LUNC) has been under pressure this year, despite a significant amount of token burning. The LUNC token has experienced a 60% decline from its highest level in 2024 and a 75% drop from its all-time high. The network has burned over 314 million tokens in the past week, bringing the cumulative token burns to over 403 billion. However, there are several factors contributing to the price crash. Firstly, there is weak demand for LUNC, as many investors are hesitant to associate with the crypto due to its troubled history. Additionally, the overall weakness in the crypto industry, with Bitcoin and other major coins experiencing declines, has impacted LUNC's price. Furthermore, the lack of an ecosystem and the failure to deliver on promised applications on the network have also contributed to the decline. The price is currently at a crucial support level and could either see a surge or further downside in the near term.



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