$LUNC 📈🚀🚀 are you ready... 😊😉

Terraform Labs CEO Chris Amani Confirms Huge USTC, LUNC Burn The Terra Classic community seeks ways and prepares to burn billions of idle USTC and LUNC in Terraform Labs (TFL) linked wallets. The move comes as TFL announced it would burn tokens in wallets, sparking bullish speculation about the price of USTC. TFL CEO Chris Amani confirmed that these tokens will also be burned with the planned LUNA burn. Burn readiness will occur in the coming months. Terra Classic plans to burn billions of USTC The Terra Luna Classic community plans to burn USTC and LUNC on Terraform Labs (TFL) and Luna Foundation Guard (LFG) wallets. It would help the community reduce the circulating supply of both Terra Luna Classic ecosystem tokens during the Terra-Luna death spiral. While Terraform Labs and Do Kwon settled with the US Securities and Exchange Commission (SEC) for $4.5 billion, the LUNC community focused on burning the tokens. TFL CEO Chris Amani said that “TFL always intended to dissolve at some point.” The company is ceasing operations completely after declaring bankruptcy. Terra Luna Classic members discovered some TFL and LFG wallets that the community can burn while the company dissolves assets. However, some are curious about how the community will monitor and ensure that burning USTC and LUNC is viable.