Beyond fluctuations in price, there have been important changes inside the #TerraLunaClassic ecosystem that might be rather important for #LUNC✅ going forward. Especially, as we previously noted, the community has decided to burn approximately 46 million #USTC tokens in an effort to lower the stablecoin’s current circulation.

Considered as a strategic action to restore equilibrium in the Terra ecosystem, this plan aims to burn precisely 46.55 million $USTC

through contract migration.

Particularly among $LUNC

holders who see these initiatives as a path towards recovery following the collapse of the #ECOSYSTEM in 2022, the burn event is predicted to have a major effect on market attitude.

Complementing the string of noteworthy events, Terraform Labs—the company behind #TerraClassic —has also come under close attention. According to CNF, following a bankruptcy hearing, the company reportedly got court permission to stop running in September.

Although this legal development marks the end of a turbulent era for Terraform Labs, the Terra Luna Classic community is still active, concentrating on long-term ecosystem rebuilding.