Why is Terra Classic (LUNC) Price Surging Today? Up By 22%

The post Why is Terra Classic (LUNC) Price Surging Today? Up By 22% appeared first on Coinpedia Fintech News

After months of silent trading, Terra Classic (LUNC) jumped nearly 22% in the last 24 hours, now trading around $0.00003420. The sudden rise has brought new energy to the LUNC community, which has been waiting for a strong comeback ever since the project went through its historic crash in 2022.

But many in the community are wondering about the reasons behind the LUNC token price jump.

LUNC Trading Volume Spike by 370% 

One of the biggest reasons behind the sudden price rise is the huge jump in trading activity. Market data shows LUNC’s trading volume shot up by more than 370%, touching nearly $46 million across top exchanges.

At the same time, staking activity has also gone up. More holders have started locking their LUNC to support the network, which reduces the number of tokens available in the market.

On top of that, overall market sentiment has turned positive, with confidence levels now above 50%.

Burn Rate Continues To Support Price

Another key factor behind the rally is LUNC’s aggressive burn mechanism. In the last 7 days, the community has burned over 849 million tokens, reducing the circulating supply.

According to the burn tracker, Terra Classic has destroyed 426.79 billion tokens since May 2022, nearly 8% of the total supply. A shrinking supply becomes powerful when demand starts to rise, helping price recover faster.

Binance Upgrade Adds More Momentum

Adding to the excitement is the progress shown by Terra Classic developers. Over the past week, the team has shared updates about new system improvements, better security patches, and long-awaited upgrades that aim to make the chain more stable.

Recently, Binance confirmed it will support the Terra (LUNA) network upgrade happening on December 8, 2025, at block height 18,660,000. 

In the meantime, deposits and withdrawals will pause during the upgrade, but trading will continue as normal.

What’s Next for LUNC?

LUNC recently broke out of a falling wedge pattern and is holding above $0.000033, a key micro-support. The RSI sits around 59, suggesting the token still has space to move higher.

Analysts say the next major resistance levels are $0.000048 and $0.00009. If bulls push further, the high psychological level is $0.000125, a price many traders are watching closely.

Even after this rise, LUNC is still down nearly 80% this year, which shows how rough the broader market has been.