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LUNC/USDT 24-hour News Highlights: The Community Revival Behind the Surge
On the ever-changing day of December 6 in the cryptocurrency market, Terra Luna Classic (LUNC/USDT) has undoubtedly become the focal point. In the past 24 hours, the price of LUNC soared over 70%, skyrocketing from a low of $0.000043 to a high of $0.000073, with trading volume surging by 746% to as high as $822 million. This "Phoenix Rebirth" rebound has brought the market capitalization back to $397 million, placing it among the top mainstream cryptocurrencies, significantly outperforming the overall global market decline of 1.3%.
The core driving force behind this frenzy is the community's upgraded "burning action." In the past week, over 849 million LUNC tokens have been burned, with a total burn amount reaching 42.679 billion tokens, accounting for 8% of the total supply. Giants like Binance have made significant contributions, burning 172 million tokens in a single day yesterday, further compressing the circulating supply and spurring a surge in demand. Meanwhile, staking activities have surged, with holders locking in more LUNC to support network stability, and the RSI indicator rising to 59, indicating strong upward momentum.
External catalysts cannot be ignored: founder Do Kwon will face sentencing hearings on December 11, having previously admitted to multiple fraud charges, which the market views as a signal of "dust settling," releasing potential positive news. Binance has confirmed it will support the network upgrade on December 8, enhancing security and compatibility, with trading temporarily unaffected.
From a technical perspective, LUNC has broken out of a descending wedge, with support holding steady at $0.000033 and the next resistance at $0.000048. If the bull market continues, the psychological barrier of $0.000125 is within reach. However, caution is warranted regarding the risk of "pump and dump"; traders should pay attention to signs of declining trading volume. LUNC's comeback not only reignites the vitality of the Terra Classic ecosystem but also reflects the resilience of retail investors in a bear market. In the future, continuous burning and development iterations may help it return to its peak. Do you believe in this wave of "Classic Revival"?
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Binance Alpha Points Airdrop 24-Hour News Highlights: Subsquid's Second Wave Airdrop Ignites Controversy with Record Point Threshold
On November 30, 2025, amidst the fluctuations in the crypto market, Binance Alpha's point airdrop mechanism has once again become the focus. The second wave of Subsquid (SQD) airdrop is set to launch at 17:00 (UTC+8), allowing users who hold at least 245 Alpha points to claim 500 SQD tokens on a first-come, first-served basis, valued at approximately $30-35.
If the rewards are not fully claimed, the threshold will automatically decrease by 5 points every 5 minutes until it ends; claiming costs 15 points and must be confirmed within 24 hours, or it will be void.
On the platform, the official announcement from Binance Wallet instantly garnered thousands of interactions, with KOLs like jessica_sjv sharing their insights in real time, creating a high FOMO sentiment.
Meanwhile, the residual heat from yesterday's GaiAI (GAIX) first airdrop has not yet dissipated: with a threshold of 256 points, users can claim 400 GAIX, and the AI project that raised $5 million surged threefold upon launch, but the anonymous team has sparked doubts about it being a “scam token.”
Under the rolling 15-day rule of the points system, the thresholds have repeatedly reached new highs (averaging 250+ this week), with the cost of scoring skyrocketing to $2-3 per day, leading many players to complain about the increased risk of “reverse farming.”
Community leaders like BBJieRan lament that “Alpha is cooling down,” calling for Binance to optimize the mechanism or integrate BNB gameplay.
Despite the median return from the November airdrop being only $32, the market capitalization of the Alpha ecosystem remains stable at $1.8 billion, with a slight increase in trading volume of 2.35%.
This hot topic highlights Alpha's painful transition from a traffic game to a sustainable model, with a short-term SQD target of $0.07, and a potential major overhaul in the long term.
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