🌍🚀 Terra Classic Plans to Burn Billions of USTC 🔥💰

The Terra Luna Classic community plans to burn USTC and LUNC in Terraform Labs (TFL) and Luna Foundation Guard (LFG) wallets. This action is intended to reduce the circulating supply of these tokens during Terra-Luna's death spiral.

As Terraform Labs and Do Kwon settle with the US Securities and Exchange Commission (SEC) for $4.5 billion, the LUNC community is focusing on token burning. TFL CEO Chris Amani said, “It was always the intention of TFL to disband at some point.” The company is shutting down completely after filing for bankruptcy.

Terra Luna Classic members have identified a number of TFL and LFG wallets that the community can burn when the company liquidates its assets. However, some are curious about how the community will monitor and ensure the burning of USTC and LUNC is effective.

📈LUNC And USTC Prices Will Increase After Big Burn

The Terra Classic community predicts the price of LUNC and USTC will increase significantly after the big burn. However, the burn is unlikely to yield any significant price action immediately.

LUNC price continues to move sideways, currently trading at $0.00009102. The 24-hour low and high are $0.00008956 and $0.00009237, respectively. Furthermore, trading volume has dropped 13% in the past 24 hours, showing a lack of concern among traders about this downturn.

📈Meanwhile, USTC price has shown some signs of recovery as the community plans to burn. The price is currently at $0.01864, with trading volume down 15%. #Write&Earn $USTC