$LUNC On November 26, 2024, Terra Luna Classic (LUNC) is expected to experience significant developments tied to a mandated token burn. This burn is part of a settlement between Terraform Labs and the SEC, requiring the destruction of certain tokens before the month's end. The event could reduce LUNC's supply, potentially triggering a price surge as the community anticipates a deflationary impact.
Additionally, the Terra Classic community is pushing various proposals to enhance the blockchain's security and scalability, such as compulsory KYC for developers and code updates to align with the broader Cosmos ecosystem. These efforts are intended to revitalize the ecosystem and stabilize LUNC's value.
For more precise price movements and community reactions closer to the date, it is recommended to monitor market trends and official announcements.
