🚨 BREAKING NEWS for the Terra Classic Community! 🚨
In a historic move, the SEC has mandated a massive burn of $LUNC and $USTC as part of a $4.5B settlement with TerraForm Labs (TFL)! 🔥
⚠️ One-third of all LUNC tokens—a staggering 275 billion—will be burned within the next 10 days, with a deadline set for October 31, 2024. If TFL doesn’t meet the deadline, they’ll face hefty fines! This burn is set to rival the epic 1 billion USTC burn! 🔥💨
💥 Price Check:
While Bitcoin and Ethereum have surged, LUNC is struggling below key resistance at $0.000095. Will it break out or head lower? 📉
📢 Shuttle Bridge Users: Withdraw your assets NOW as the bridge will be permanently closed due to TFL’s shutdown!
With derivatives trading up 88% and long positions on Binance doubling, renewed interest is sparking across the market. Could this massive burn be the game-changer for $LUNC’s future? 🚀
💬 Join the conversation!
#Lunc2TheMoonSoon | #TerraClassic | #LuncBurn | #SECCryptoRegulation | #LUNAUpdate