đ Can the $60M AVAX Buyback Ignite a #TerraLunaClassic Price Rally?
Terra Luna Classic price has been trending upward since July, despite a market-wide crash on August 5. Recent developments in the #TerraformLabs liquidation have led Avalanche (AVAX) to buy back $60 million worth of $AVAX
tokens held by the Luna Foundation Guard (LFG), originally used to support the UST stablecoin.
The #AVAXâ price surged 17.5% on Tuesday following the news but has since cooled down and is now 0.7% down. Now, the $LUNC
community speculates if the funds could be used for a #LUNCâ buyback and burn, potentially boosting its price further.
