Terra Luna Classic Price If $60M AVAX Is Used to Burn LUNC
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The #AVAX✅ token buyback plan by the Avalanche Foundation provides the LFG with $60 million in funds to use as #bankruptcy court orders. Meanwhile, the #TerraLunaClassic community has taken full control of the blockchain’s leadership as TFL and LFG approach their final days.
If the community uses this $60 million to buy back and burn $LUNC
LUNC
0.00009278
+2.5%
, the price of Terra Luna Classic will likely see a significant impact. The LUNC price is currently trading at $0.0000886, down 0.6% in the last 24 hours. A $60 million purchase of #LUNC✅ would equate to 671 billion coins, or about 12% of the total circulating supply, with a current market cap of $506 million. To maintain this #marketcap with 12% of the supply gone, the price would need to adjust 17% upward, reaching $0.0001.
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