Binance's September LUNC burn removed 334.8 million tokens, pushing the cumulative total to 87.7 billion burned to date. The on-chain burn tax has also been tripled to 1.5% via governance proposal #12223.
SPOT SETUP: $LUNC 🐂
Entry: 0.00004941 – 0.00005050
TP1: 0.00005200
TP2: 0.00005350
TP3: 0.00005500
The chart shows $LUNC is clinging to the 0.000050 level after rejecting the 0.000053 high. Binance's latest monthly burn of 334.8 million tokens reflects a month-on-month increase in fee volume, pointing to firmer trading activity in August. However, with a circulating supply of 5.52 trillion tokens, the current burn rate reduces supply by only about 0.6% annually. The community has also raised the on-chain transaction burn tax to 1.5% through governance proposal #12223, the biggest change to LUNC's tokenomics in over a year. Combine that with over 1,064,182 active wallets and 150,801 staking wallets, the ecosystem is showing real user activity.
Risk: A sustained break below 0.00004900 would weaken this accumulation setup.
Does the burn narrative justify accumulating here, or is the technical structure telling you to wait?
Trade here 👇🏻
SPOT SETUP: $LUNC 🐂
Entry: 0.00004941 – 0.00005050
TP1: 0.00005200
TP2: 0.00005350
TP3: 0.00005500
The chart shows $LUNC is clinging to the 0.000050 level after rejecting the 0.000053 high. Binance's latest monthly burn of 334.8 million tokens reflects a month-on-month increase in fee volume, pointing to firmer trading activity in August. However, with a circulating supply of 5.52 trillion tokens, the current burn rate reduces supply by only about 0.6% annually. The community has also raised the on-chain transaction burn tax to 1.5% through governance proposal #12223, the biggest change to LUNC's tokenomics in over a year. Combine that with over 1,064,182 active wallets and 150,801 staking wallets, the ecosystem is showing real user activity.
Risk: A sustained break below 0.00004900 would weaken this accumulation setup.
Does the burn narrative justify accumulating here, or is the technical structure telling you to wait?
Trade here 👇🏻
