Terraform Labs (TFL) Burns 251B $LUNC
Tokens, #TerraLunaClassic To Rally?
Terraform Labs (TFL) has executed a large-scale token burn of 251 billion Terra Luna Classic (LUNC) and 264 million TerraClassicUSD ($USTC
) tokens from circulation. The burn was part of a settlement with the U.S. Securities and Exchange Commission (SEC) that required TFL to dispose of specific assets held in its Shuttle Bridge wallets.
This move has fueled speculations of a potential rally in the #LUNC✅ price, sparking discussions in the crypto community about the possibility of LUNC reaching the $1 mark.
