In its latest monthly burn, Binance, the biggest crypto exchange, destroyed an extra 1.4 billion Terra Luna Classic (LUNC) tokens, making it the 21st batch to go up in smoke. This action pushes the total LUNC tokens burned by Binance to over 59 billion, showing its ongoing support for the Terra Luna Classic community since 2022.

Additionally, the overall LUNC tokens burned by the community have now surpassed 113 billion. Binance continues its commitment to help revive Terra Luna Classic through its regular token burning process.

Binance sent 56,911 LUNC tokens to the burn address recently, following its monthly LUNC burn. This comes after a larger burn of 4.17 billion LUNC tokens on May 1. Since then, Binance has torched around 59.07 billion LUNC tokens collected from trading fees on LUNC spot and margin trading pairs.

Despite these burns, the trading volume has decreased due to the general decline in crypto prices and waning interest among traders. In March, LUNC experienced high trading volumes of over $100 million daily, with prices reaching above $0.0002. However, in April, daily trading volumes dropped to $30 million, and prices fell to $0.0001, along with a decrease in market cap from over $1 billion.

However, amidst the overall market recovery, Terra Luna Classic ecosystem tokens, LUNC and USTC, have surged. LUNC price rose over 6% in the past 24 hours, currently trading at $0.0001092, with increased trading volume indicating renewed buying interest. CoinGape Markets analysis predicts a target price of $0.0005.

Similarly, USTC price climbed 5% in the last 24 hours, now trading at $0.0222. This positive trend follows the cooling CPI inflation data and continued investment in bitcoin ETF, boosting investor sentiment in the crypto market.