LUNC & USTC Burns Continue, But When Will Price React?

The Terra Classic chain is continuing to see LUNC and USTC burns, with the 1.5% on-chain burn tax helping to increase the overall burn activity.

LUNC burns have picked up noticeably, which is a positive development for the Terra Classic ecosystem. At the same time, these burns are also contributing to the growth of the Community Pool and Oracle Pool.

However, despite the increasing burn activity, LUNC and USTC prices are still struggling to recover from their recent dips. This is where things get interesting.

Burns can reduce the circulating supply over time, but price action ultimately depends on demand, market sentiment, trading volume, and broader crypto-market conditions.

For now, I’m watching LUNC and USTC closely. If buying pressure starts increasing along with the ongoing burns, we could finally see some stronger price movement.

The burns are continuing. Now the big question is whether the price will follow.

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