Nearly every LUNC in circulation was minted in a single week of May 2022
Terra Classic's circulating supply sits near 5.5 trillion terra-luna:native. Almost none of it existed before one week in May 2022.
Terra let anyone redeem 1 UST, its dollar stablecoin, for $1 of LUNA at any price. The run began on May 7, when two addresses pulled 375 million UST out of Anchor, the protocol paying 20% yield on roughly three-quarters of UST's supply, per NBER research.
As LUNA's price fell, each redeemed dollar minted more tokens: ten at $0.10, a hundred at $0.01, per the New York Fed.
Supply grew roughly 20,000-fold before the original chain was renamed Terra Classic. Those trillions are what the burn tax works against today.
LUNC is down, but activity offers a huge boost
terra-luna:native is down 5% this past week following a short-term rally. However, the asset has risen 7% over the past 30 days.
But price change isn't the only notable metric...
According to coinmarketcap, terra-luna:native trading volume on the day has crossed past the 11 million mark, signaling growing activity.
Most importantly, trading volume is up 10% in the last 24 hours.
LUNC seems to be catching fire!
The $LUNC ecosystem burned more than 2.04 billion LUNC in August, driven by the 1.5% on-chain tax implemented via Proposal #12223 on Aug 2.
Historical burn exceeds 455 billion, and supply remains deflationary (estimated -0.6% floating supply reduction over 12 months).
LUNC price has risen significantly YTD (30%) and recently, driven by market flows and Binance outflows.
The problem with #12224 isn’t whether stakers receive rewards. They obviously do. The problem is how the chain allocates scarce capital.
This proposal effectively turns any Community Pool balance above the cap into a one-way subsidy to the Oracle Pool. Once transferred, that money is no longer available for development, liquidity, infrastructure, USTC utility or other proposals that governance may decide produce a better return for the chain.
And the numbers matter bigtime. A ~$600k Community Pool ceiling sounds large in isolation, but the Oracle Pool is declining by millions of dollars per year. Redirecting roughly ~$93k of surplus does not solve that structural problem. It produces a relatively small, temporary increase in staking rewards while permanently removing flexible treasury funds.
Oracle rewards are also distributed according to stake. So while delegators receive most of the rewards after commission, the largest validators and largest delegations naturally capture the largest share. Calling that “benefiting everyone” doesn’t answer whether it is the best use of community funds.
I’m not against funding the Oracle Pool. If the community believes it needs additional funding, put forward a transparent proposal specifically for that purpose and let it compete against alternatives.
What I oppose is establishing an automatic rule where future Community Pool surplus is continually redirected to staking rewards simply because the balance crosses an arbitrary ceiling.
Governance should retain the ability to decide where surplus capital creates the most value. That is exactly why #12224 is a bad idea.
@cz_binance The Terra Classic community passed the test. Now they deserve to win. What you've done for $LUNC is tremendous. However, I expect even greater support. Let's revive this wonderful chain. As a decentralized community, they deserve it.
#TerraClassic
🔥 ANOTHER PUBLISHER HAS JOINED!
The StatsBin LUNC Burn Ads Network is growing - 3 active publishers are now verified and onboard. 🌐🔥
This is how it starts.
More websites ➡️ More ad impressions
More impressions ➡️ More revenue
More activity ➡️ More $LUNC burned 🔥
Website owners can monetise their traffic while becoming part of a growing advertising network designed to continuously contribute towards reducing the #LUNC supply.
✅ Simple script integration
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✅ Help accelerate LUNC burns
We're still early. If you own a website, now is the time to get involved.
👉 https://t.co/8ERB0vAGzd
🔥 Who will be publisher #4?
#LUNC #TerraClassic #LunaClassic #LUNCBurn #LUNCCommunity #Crypto #WebDevelopment
🚨 WEBSITE OWNERS: EARN & BURN $LUNC FROM YOUR TRAFFIC 🚨
The StatsBin LUNC Burn Ads Publisher Network is OPEN. 🔥
If you own a website, you can turn your existing traffic into LUNC revenue while helping burn the LUNC supply.
💰 Publishers receive 60% of ad revenue
🔥 20% is used to BURN LUNC
⚙️ 20% supports the Burn Ads network
Getting started is simple:
🌐 Verify your website
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💻 Add a small script - or use our WordPress app for easy integration
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Your publisher dashboard tracks views, clicks, CTR, earnings and on-chain payments.
And you DON'T need to run a crypto website.
🌍 Any suitable website can apply to become a publisher.
The more websites that join, the bigger the advertising network becomes - creating the potential for more publisher revenue AND more LUNC burned. 🔥
Already running WordPress? We've made getting started even easier with our WordPress app. 🚀
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Got traffic? Turn it into LUNC. 🔥
Main Burn Ad page: https://t.co/LQdRkPVJc0
#LUNC #TerraClassic #WordPress #Webmasters #Crypto #Advertising #StatsBin
@_Z3r0wTraders@LUNCboy01 Should we build a kind of Lightning Network?
So taxi(1,5%) are only paid when entering and exiting?
And we could process billions of transactions?
Just brainstorming, I'm just a community member with zero tech skills
LUNC için dikkat çekici bir vizyon! 🚀
Gelecekte yapay zekâ ajanları, her işlem ve araç kullanımında çok küçük ödemeler yapabilir. LUNC’nin trilyonluk arzı ise bu noktada bir dezavantaj değil, mikro ödemeler için büyük bir fırsata dönüşebilir.
Peki $LUNC, AI ajan ekonomisinin enerji ve ödeme katmanı olabilir mi? 👀
@_Z3r0wTraders@LUNCboy01 Should we build a kind of Lightning Network?
So taxi(1,5%)are only paid when entering and exiting?
And we could process billions of transactions?
Just brainstorming, I'm just a community member with zero tech skills
@cz_binance@heyibinance@_RichardTeng@binance
We have a problem on our hands. In December 2025, Dutch Lunc was given 140B of your staked coins by a Binance employee that was taken away from Autostake.
Since that time, they have either not voted on governance or voted with the scammers of this chain.
Dutch Lunc does not communicate in any way with the community while taking a significant portion of our Oracle Pool with your staked coins.
You know my job is to educate and expose the scammers. While the rest of the community BUILDS and EDUCATES per your wishes, Dutch Lunc provides absolutely nothing to this chain.
At this time, I am requesting that you either undelegate the 140B lunc you have staked with Dutch Lunc or redelegate it to another VALIDATOR. In no way am I asking you to delegate these coins to GreenpeaceUNITED. But I am asking that you do the right thing and take these coins away from them.
Dutch Lunc does not deserve these coins as the evidence to me is clear that they are working with the scammers while holding YOUR COINS.
There is no greater supporter of Binance than I am. I am asking you to grant me this favor as i continue to clean up this chain in preparation for the unveiling of your recovery plan.
I believe in my heart that you are here to provide help to these precrash holders. I am very passionate about educating and helping this community. But I cannot stay quiet in good conscience while Dutch Lunc takes from our Oracle Pool while providing nothing to this chain or this community other than working with the scammers.
I am asking your assistance to help me clean up this chain. I do not want to tweet and tag you everyday until 2027. But I won't be able to look myself in the mirror unless I fight for what I believe in. I know you all do the exact same thing every day.
I am also asking the community to retweet this tweet to make sure you all see it.
$lunc
#GreenpeaceUNITED
Binance LUNC Burn Closing in on 90 Billion Milestone
Binance burned over 600 million worth of $LUNC tokens on July 1.
Per LUNC Metrics, the latest burn update means the exchange has burned 87.37 billion of the asset, continuing to reduce its supply for long-term growth.
LUNC trading volume is up 5% in the past 24 hours, according to Coinmarketcap data. However, the asset has been down nearly 30% in the past month.