Binance Role: Binance is the largest contributor to the burn initiative, frequently burning billions of LUNC tokens from trading fees. Total Supply Reduction: While hundreds of billions have been removed, the total circulating supply remains high, with projections suggesting roughly 33% could be removed by late 2025
As of February 2, 2026, it is mathematically and economically highly unlikely for Terra Luna Classic (LUNC) to reach $1. For LUNC to hit this price target with its current circulating supply of approximately 5.47 trillion tokens, its market capitalization would need to exceed $5.4 trillion. For perspective, this valuation is more than double the entire global cryptocurrency market cap and exceeds the GDP of many major nations.
A big news for btc holder $BTC #bitcoin Binance has announced it will convert its $1 billion Secure Asset Fund for Users (SAFU) from stablecoins entirely into Bitcoin (BTC) reserves over the next 30 days. This decision was made on January 30, 2026, in response to significant market volatility that saw Bitcoin prices fall to their lowest levels since November, briefly touching $81,000.
Fund Purpose: Established in 2018, the SAFU fund is designed to protect users against losses from unexpected incidents such as security breaches or operational failures. Reason for Conversion: Binance stated the move is an act of confidence in Bitcoin's long-term value and is intended to support the broader crypto industry during periods of uncertainty and market cycles.
Bitcoin (BTC) is trading at approximately $82,581.24 as of today, January 30, 2026, down around 6.05% over the last 24 hours. The price has been volatile, hitting a two-month low amidst a broad crypto market sell-off and significant liquidations of leveraged positions. 1 BTC equals Rs 23,123,982.05 As of 30 Jan, 5:30 pm GMT+5 • Disclaimer 30 Jan 2026 7:05 am - 5:30 pm Key Insights Market Volatility and Liquidations: Bitcoin's price movements have been volatile, marked by a rapid dip to around $81,000, which triggered over $1.7 billion in leveraged position liquidations across various exchanges. This was described as leverage snapping under its own weight rather than panic selling from spot holders. Macroeconomic Factors: Investor worries about the Federal Reserve's interest-rate decisions and general risk-off sentiment in global markets have pressured the price of Bitcoin. Unlike previous trends, Bitcoin has not acted as a reliable hedge against a weakening US dollar and has instead traded more like a risky asset alongside tech stocks.