Terra Classic burn machine still running hot 🔥
The 1.5% on-chain burn tax is doing work—$LUNC and $USTC burns ramping up, especially native $LUNC. Community Pool and Oracle Pool getting fatter.
But here's the thing: prices still stuck in the mud. Burns are happening, fundamentals shifting, yet no price action.
Classic accumulation zone or dead cat? Market's waiting for a catalyst. Eyes on whether this burn momentum translates to actual demand or just supply reduction theatre.
Price movement incoming or copium? Time will tell.
The 1.5% on-chain burn tax is doing work—$LUNC and $USTC burns ramping up, especially native $LUNC. Community Pool and Oracle Pool getting fatter.
But here's the thing: prices still stuck in the mud. Burns are happening, fundamentals shifting, yet no price action.
Classic accumulation zone or dead cat? Market's waiting for a catalyst. Eyes on whether this burn momentum translates to actual demand or just supply reduction theatre.
Price movement incoming or copium? Time will tell.
