The Terra Luna Classic community is eagerly awaiting a significant LUNC burn by cryptocurrency exchange Binance as part of its LUNC burn mechanism. The total supply of LUNC has already dropped to 6.78 trillion after recent massive trading volumes and burns.

Delegators have also staked a substantial amount of LUNC with Terra Luna Classic validators, bringing the total LUNC staked to over 1 trillion. This massive staking activity, coupled with the anticipated Binance burn, has the community excited about the potential for a significant LUNC price rally.

Binance has burned nearly 60.42 billion LUNC, accounting for 48.8% of the total LUNC burned by the community. The community has burned nearly 124 billion LUNC in total, with 71 billion sent to the burn wallet and 53 billion through on-chain burns.

In the last 7 days alone, almost 7 billion LUNC have been burned as whales and investors moved LUNC from centralized crypto exchanges. The total fees accrued from these transactions amounted to 8.34 billion LUNC.

The staking ratio has increased to 14.83%, providing strong support from validators and the community. The community pool reserve has also received a boost, with 6.22 billion LUNC and 12.37 million USTC, giving the community enough funds for development activities.

While Terra Luna Classic price has been trading mostly sideways in the last 24 hours, the community remains optimistic about the upcoming burn events. The price currently stands at $0.00008137, with a 24-hour low of $0.000081 and a high of $0.000083. Trading volume has decreased by 53% in the last 24 hours, indicating a temporary lull in trader interest.

The community is eagerly awaiting the implementation of Tax2Gas, which has the potential to significantly increase LUNC burn in the coming months. Once completed, expected by July, the community believes it will bring enough trading volumes and upside price action to the market.

The Terra Luna Classic community remains hopeful that the upcoming Binance burn and other burn events will provide the necessary push to reduce LUNC token supply and drive prices higher. With over 1 trillion LUNC staked and a strong community backing, the future looks promising for Terra Luna Classic.