🚨🔥🚀 If $60 million worth of $AVAX were used to buy back and burn LUNC, it could have a significant impact on Terra Luna Classic’s price. With LUNC currently priced at $0.0000886, this amount would burn about 671 billion LUNC coins, around 12% of the circulating supply, which has a market cap of $506 million. Removing 12% of the supply could drive the price up by roughly 17% to maintain the same market cap, pushing LUNC to around $0.0001. On top of that, the excitement around the burn and potential price increase could spark FOMO, pushing prices even higher than the $0.0001 estimate.
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