Terra Luna Classic (LUNC) rallies 60% amid major token burns and Binance's upcoming burn event

Terra Luna Classic (LUNC) surged over 60% in the past week, driven by aggressive token burns that removed around 630 million tokens in three days, tightening supply. Binance's scheduled May 1 burn event is expected to be significant due to high April trading volumes, further boosting market confidence. The community is also voting on a network upgrade proposal to improve blockchain efficiency, while Terraform Labs finalized an SEC settlement and continues token burns through bankruptcy. LUNC's strong momentum is supported by technical indicators and growing retail interest, with key resistance levels ahead at $0.000081 and $0.00010.