If $60 million worth of $AVAX is used to buy back and burn LUNC, it could significantly impact Terra Luna Classic's price. At the current price of $0.0000886 per LUNC, this amount would purchase and burn approximately 671 billion LUNC coins, representing about 12% of the circulating supply, which currently has a market cap of $506 million.
With 12% of the supply removed, the price would need to rise by around 17% to maintain the same market cap, pushing LUNC to approximately $0.0001. Additionally, the hype surrounding the burn and potential price increase could trigger FOMO (Fear of Missing Out), driving prices even higher than the initial $0.0001 estimate.
