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In a strategic move that sent ripples through the cryptocurrency market, the Luna Foundation Guard (LFG) has dramatically reduced the number of its tokens in active circulation. The USTC token, previously valued at $0.02363054, saw an impressive 8.43% increase, while the LUNC token experienced a 1.34% rise, reaching $0.00010433. The market witnessed the withdrawal of a colossal 222 million LUNC tokens and a staggering 1.85 billion USTC tokens from the circulating supply, marking a significant shift in availability. It’s important to note that the term ‘circulating supply’ excludes any tokens held in escrow, as well as those owned by the team or foundation itself. The weekend brought a surge of excitement as the Terra Luna Classic ecosystem’s tokens soared in value following the LFG’s announcement. In a matter of hours, the price of LUNC skyrocketed by over 10%, and $USTC value jumped by 18%. However, this uptick was short-lived as the gains soon diminished. The rationale behind this move was the inactivity of the associated account for more than two years. As a result of this action, the circulating supply of USTC has been adjusted to 7.1 billion tokens According to CoinMarketCap’s criteria, assets that are not available for public trading, have been legally or contractually locked, or are held by insiders such as team members or private investors, do not count towards the circulating supply—even if they have been unlocked. It’s crucial to clarify that these numbers reflect adjustments rather than actual removals from circulation. A misclassification had previously led to the inclusion of certain LFG funds within the circulating supply. This revelation sparked a buying frenzy among community members propelling the prices of $LUNC and USTC to new heights. Nonetheless, the initial excitement waned, and prices began to normalize as the community digested the news. The overarching ambition of the Terra Luna Classic community is to diminish the total supply by incinerating USTC and LUNC tokens held in the LFG wallet. To date, this initiative has

In a strategic move that sent ripples through the cryptocurrency market, the Luna Foundation Guard (LFG) has dramatically reduced the number of its tokens in active circulation. The USTC token, previously valued at $0.02363054, saw an impressive 8.43% increase, while the LUNC token experienced a 1.34% rise, reaching $0.00010433.

The market witnessed the withdrawal of a colossal 222 million LUNC tokens and a staggering 1.85 billion USTC tokens from the circulating supply, marking a significant shift in availability. It’s important to note that the term ‘circulating supply’ excludes any tokens held in escrow, as well as those owned by the team or foundation itself.

The weekend brought a surge of excitement as the Terra Luna Classic ecosystem’s tokens soared in value following the LFG’s announcement. In a matter of hours, the price of LUNC skyrocketed by over 10%, and $USTC value jumped by 18%. However, this uptick was short-lived as the gains soon diminished. The rationale behind this move was the inactivity of the associated account for more than two years.

As a result of this action, the circulating supply of USTC has been adjusted to 7.1 billion tokens According to CoinMarketCap’s criteria, assets that are not available for public trading, have been legally or contractually locked, or are held by insiders such as team members or private investors, do not count towards the circulating supply—even if they have been unlocked.

It’s crucial to clarify that these numbers reflect adjustments rather than actual removals from circulation. A misclassification had previously led to the inclusion of certain LFG funds within the circulating supply. This revelation sparked a buying frenzy among community members propelling the prices of $LUNC and USTC to new heights. Nonetheless, the initial excitement waned, and prices began to normalize as the community digested the news.

The overarching ambition of the Terra Luna Classic community is to diminish the total supply by incinerating USTC and LUNC tokens held in the LFG wallet. To date, this initiative has

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Three Ethereum Rivals to Consider If You Missed Out on Solana 1. $XRP The Swift Cross-Border Trailblazer XRP, often referred to as the “banker’s cryptocurrency,” has been quietly revolutionizing cross-border payments. Powered by the XRP Ledger (XRPL), this digital asset facilitates lightning-fast transactions across international borders. But what sets it apart? Let’s dive in: On-Demand Liquidity (ODL): XRP’s secret sauce lies in its ODL platform. Imagine sending money from New York to Tokyo in seconds, with minimal fees. That’s the power of XRP. By partnering with financial institutions, XRP ensures liquidity and seamless value transfer. Regulatory Clarity: Unlike some of its crypto peers, XRP has navigated the murky waters of regulation. It’s not just a meme coin; it’s a serious contender for global adoption. Keep an eye on how it continues to collaborate with traditional financial systems. 2. Shiba Inu $SHIB From Meme to Marvel Remember when Shiba Inu was just a cute internet meme? Well, it’s all grown up now. Here’s why you should pay attention: Shibarium Scaling Network: Shiba Inu’s developers didn’t stop at the meme. They built the Shibarium, a scaling solution that aims to handle high transaction volumes. If Ethereum’s gas fees make you cringe, SHIB might be your savior. Community Power: The Shiba Inu community is fierce. They’ve weathered storms, memes, and market crashes. Their resilience is admirable. Plus, who doesn’t love a good underdog story? 3. Terra Classic $LUNC Rising from the Ashes Terra Classic had a rough patch in 2022, but it’s like a phoenix rising from the ashes. Here’s why it’s worth a second look: Battle-Tested Community: When the crypto market took a nosedive, LUNC holders didn’t panic. Instead, they huddled up, shared memes, and held their ground. That kind of camaraderie matters. It’s a sign of strength. Bull Market Hopes: The next bull market could be LUNC’s moment. Keep an eye on its fundamentals, partnerships, and adoption. #Megadrop #ETHETFsApproved #BinanceLaunchpool #BlackRock
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$BB already beated its ATH now do you think $NOT will do the same next week?🥳🥳 #Megadrop #ETHETFsApproved #BinanceLaunchpool #BlackRock #MicroStrategy
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Binance Ignites the Bullish Flame: Terra Luna Classic ($LUNC ) Token Burn In a fiery display of commitment, Binance recently torched 1.35 billion Terra Luna Classic (LUNC) tokens, sending shockwaves through the crypto community. But what does this inferno mean for LUNC holders? Is it a signal for an impending bull run? Let’s dive into the flames and find out. The Incineration Ritual Binance, the behemoth of crypto exchanges, executed its 22nd batch of the LUNC burn mechanism. The result? A staggering 1.35 billion LUNC tokens turned to cosmic dust. This move not only solidifies Binance’s support for the Terra Luna Classic community but also propels the total LUNC burn past the 60 billion mark. That’s over half of all LUNC ever sacrificed to the crypto gods! The Community Bonfire But wait, there’s more! The Terra Luna Classic community itself has been stoking the flames. Their burn tally now stands at a scorching 116 billion LUNC tokens. It’s like a celestial bonfire, illuminating the path for LUNC’s future trajectory. Price Dance on the Volcano’s Edge As the ashes settle, LUNC and its sibling, USTC, teeter on the precipice. Resistance levels loom like ancient guardians, challenging the bulls to ascend. Will they break free and soar, or will the bears extinguish their hopes? Only time—and perhaps a sprinkle of stardust—will reveal the answer. The May Day Blaze On May 1, the burn transaction unfolded—a cosmic ballet of zeros and ones. Binance sent 1.35 billion LUNC tokens hurtling toward the burn address, leaving behind a trail of smoldering fees. The 22nd batch consumed trading fees accrued between April 30 and May 29, a testament to Binance’s dedication to the cause. DYOR: Delve into the Nebula As with any celestial event, due diligence is essential. Dive into the nebulous depths of research, explore the constellations of charts, and consult the oracles of crypto wisdom. The stars whisper secrets, but it’s up to you to decipher their cryptic messages. $LUNC $USTC #Megadrop #MtGox #BinanceLaunchpool #BlackRock #MicroStrategy
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Cardano DEX Activity Surges 🌟 Cardano's DEX has seen a notable increase, with daily volumes exceeding 23 million $ADA . Despite this uptick, ADA's price continues to decline, and the total value locked (TVL) has dropped significantly from $430 million to $230 million. The falling interest in Cardano's ecosystem, declining NFT trades, and bearish market indicators contribute to this trend. Can the rising DEX activity rescue ADA from further price declines? Share your thoughts! #Megadrop #MtGox #ETHETFsApproved #altcoins #BinanceLaunchpool
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Terra ($LUNA and $LUNC ) Surges Following Do Kwon’s SEC Settlement Big News for the Terra Community In a significant turn of events, Terra’s native cryptocurrencies, LUNA and LUNC, have experienced a surge in value after founder Do Kwon and Terraform Labs reached a tentative settlement with the U.S. Securities and Exchange Commission (SEC) in their civil fraud case. What’s Happening? LUNA: The LUNA token has seen an impressive 16.3% increase in the last 24 hours, now trading at $0.69. LUNC: Similarly, LUNC has risen by 9.5% over the past day, currently trading at $0.0001215. The sudden spike in prices can be directly attributed to the breaking news that Terraform Labs and Do Kwon have come to an agreement with the SEC. While the details of the settlement are still being finalized, court documents indicate a deadline of June 12 for completion. Background and Context In April, a New York jury found Do Kwon and Terraform Labs liable for civil fraud. The SEC’s claims centered around investors being misled regarding TerraUSD (UST), Terra’s stablecoin. The fallout from the May 2022 collapse of TerraUSD and the LUNA governance token resulted in staggering losses of over $40 billion and a prolonged “crypto winter.” Despite this positive development, Do Kwon’s legal challenges are far from over: Criminal Fraud Charges: The U.S. Department of Justice continues to pursue criminal fraud charges against him. South Korean Legal Troubles: In South Korea, Do Kwon faces charges related to fraud, bribery, and market manipulation. International Tug-of-War: Following his arrest in Montenegro in December 2023 for using a false passport, both the U.S. and South Korea are competing for his extradition. The Terra community is closely watching these developments, and the crypto world awaits further updates on this high-stakes legal saga. #Megadrop #altcoins #btc70k #BlackRock
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