🚨 BREAKING NEWS for the Terra Classic Community!

In a historic move, the SEC has mandated a massive burn of $LUNC and $USTC as part of a $4.5B settlement with TerraForm Labs (TFL).

🔥 One-third of all $LUNC tokens will be burned in the next 10 days! Deadline for completion: October 31, 2024. If TFL fails, they face hefty fines. The burn involves destroying private keys to wallets holding LUNC, UST, MIR, and LUNA tokens.

With 275 billion $LUNC set to be burned, this could be one of the largest burns in crypto history, rivaling the 1 billion USTC burn!

📉 Price Update: Despite recent gains by Bitcoin and Ethereum, $LUNC remains stuck below critical resistance at $0.000095. Traders are keeping a close eye on the next move—will it break out, or head downward?

🚨 Urgent Notice for Shuttle Bridge Users:

Withdraw your assets ASAP! The bridge will be permanently closed due to TFL’s shutdown.

While spot volumes have slowed, derivatives trading has surged with an 88% spike. Long positions on Binance have doubled over shorts, signaling renewed interest in the market.

🚀 A massive burn is on the horizon—what will it mean for $LUNC’s future? Always DYOR!

💬 Join the discussion now!

#Lunc2TheMoonSoon #TerraClassic #LuncBurn #SECCryptoRegulation #LUNAUpdate