With the October 31 deadline around the corner, Terraform Labs (TFL) is preparing to burn its holdings of $LUNC and $USTC. This includes closing the shuttle bridge, after which any remaining assets will also be burned.

Tomorrow’s Delaware Court hearing is crucial, as final decisions will be made on the funds designated for burning. Notes from the September 30 hearing indicated that teams could continue working to identify these assets, pushing forward this process.

These funds aren’t currently circulating; they’re inactive. However, identifying and burning these unclaimed assets is a major step that addresses a key supply issue within the Terra Classic ecosystem.

If you’re only watching LUNC and USTC for price action, you’re missing the point. What’s unfolding in Terra Classic goes far beyond short-term price trends—these developments could shape the ecosystem’s future.