USTCBurn
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đ Terra Luna Classicâs Comeback: Massive USTC Burn Ignites Token Surge!
The Terra Luna Classic (LUNC) ecosystem is rising from the ashes once again! đĽ Thanks to a bold community-led initiative, the recent burn of 46,556,271 TerraClassic USD ($USTC ) through the Mirror Protocol has sparked renewed excitement and price action for LUNC.
đ A Community-Led Burn: Proposal #12138 Takes the Lead
The recent burn is part of an ambitious strategy aimed at reducing the oversupply of USTC and boosting the overall value of LUNC. With the community overwhelmingly backing Proposal #12138, the USTC burn has triggered an immediate price increase for LUNCâand this is just the beginning! đ
âď¸ The Legal Context: TerraForm Labs' Bankruptcy & Deadline Looming
This burn comes at a critical moment as TerraForm Labs winds down its operations amid bankruptcy proceedings. The courts have mandated that TerraForm eliminate all remaining digital assets, including LUNC and USTC, by October 30, 2024. The clock is ticking! âł
In a conversation with the community, TerraForm CEO Chris Amani explained the decision to burn tokens instead of destroying private keys, emphasizing the urgency and significance of this move for the projectâs future. đ
đ Whatâs Next for Terra Luna Classic?
As TerraForm executes its final moves, the community-driven USTC burn offers a chance for LUNC to rise once more, potentially reclaiming its place in the broader crypto market. Could this be the beginning of a new era for Terra Luna Classic?
#WeAreAllSatoshi #TerraLunaClassic #USTCBurn #CryptoRevivalIndia #BinanceCommunity $LUNC
$USTC
đ A Community-Led Burn: Proposal #12138 Takes the Lead
The recent burn is part of an ambitious strategy aimed at reducing the oversupply of USTC and boosting the overall value of LUNC. With the community overwhelmingly backing Proposal #12138, the USTC burn has triggered an immediate price increase for LUNCâand this is just the beginning! đ
âď¸ The Legal Context: TerraForm Labs' Bankruptcy & Deadline Looming
This burn comes at a critical moment as TerraForm Labs winds down its operations amid bankruptcy proceedings. The courts have mandated that TerraForm eliminate all remaining digital assets, including LUNC and USTC, by October 30, 2024. The clock is ticking! âł
In a conversation with the community, TerraForm CEO Chris Amani explained the decision to burn tokens instead of destroying private keys, emphasizing the urgency and significance of this move for the projectâs future. đ
đ Whatâs Next for Terra Luna Classic?
As TerraForm executes its final moves, the community-driven USTC burn offers a chance for LUNC to rise once more, potentially reclaiming its place in the broader crypto market. Could this be the beginning of a new era for Terra Luna Classic?
#WeAreAllSatoshi #TerraLunaClassic #USTCBurn #CryptoRevivalIndia #BinanceCommunity $LUNC
$USTC
đ LUNC and $USTC Prices Surge as Burn Activity Sparks Market Optimism đĽ
The momentum for Terra Luna Classic (LUNC) and TerraClassic USD ($USTC ) is building rapidly, and much of the excitement comes down to one key factor: Binanceâs increased burn activity.
đIn a significant move, Binance has boosted its burn frequency for $LUNC . In September alone, the exchange executed six burns, a big jump from the previous once-a-month schedule. This aggressive approach has ignited speculation that Binance is stepping up its commitment to reviving $LUNC âs value. đŞ
đĽ Burns Fuel Price RalliesThe impact of Binanceâs efforts is already being felt. Both LUNC and USTC are riding high on market optimism. At the time of writing, $LUNC is trading at $0.00009723, after reaching a 24-hour high of $0.00009944.
đMeanwhile, USTC is trading at $0.02433, with a remarkable 65% surge in trading volume, hitting $93.54 million. Even more promising, it touched a high of $0.02535 within the last 24 hours, reflecting growing confidence in its market potential.
đ¸đ A 40% Rally on the Horizon?A recent price analysis for LUNC suggests the possibility of an impressive 40% rally following the latest Binance burn. With the burn mechanism steadily reducing the circulating supply, the Terra Luna Classic community is buzzing with optimism about the tokenâs future trajectory.
đâ¨Binance's intensified burns are laying the foundation for what could be a major comeback for LUNC and USTC. The marketâs reaction so far is clear: confidence is growing. Will the tokens continue their upward momentum?Stay tuned for more updates on this exciting development!
#WeAreAllSatoshi #LUNCBurn #USTCBurn #BinanceCommunity #Write2Earn!
The momentum for Terra Luna Classic (LUNC) and TerraClassic USD ($USTC ) is building rapidly, and much of the excitement comes down to one key factor: Binanceâs increased burn activity.
đIn a significant move, Binance has boosted its burn frequency for $LUNC . In September alone, the exchange executed six burns, a big jump from the previous once-a-month schedule. This aggressive approach has ignited speculation that Binance is stepping up its commitment to reviving $LUNC âs value. đŞ
đĽ Burns Fuel Price RalliesThe impact of Binanceâs efforts is already being felt. Both LUNC and USTC are riding high on market optimism. At the time of writing, $LUNC is trading at $0.00009723, after reaching a 24-hour high of $0.00009944.
đMeanwhile, USTC is trading at $0.02433, with a remarkable 65% surge in trading volume, hitting $93.54 million. Even more promising, it touched a high of $0.02535 within the last 24 hours, reflecting growing confidence in its market potential.
đ¸đ A 40% Rally on the Horizon?A recent price analysis for LUNC suggests the possibility of an impressive 40% rally following the latest Binance burn. With the burn mechanism steadily reducing the circulating supply, the Terra Luna Classic community is buzzing with optimism about the tokenâs future trajectory.
đâ¨Binance's intensified burns are laying the foundation for what could be a major comeback for LUNC and USTC. The marketâs reaction so far is clear: confidence is growing. Will the tokens continue their upward momentum?Stay tuned for more updates on this exciting development!
#WeAreAllSatoshi #LUNCBurn #USTCBurn #BinanceCommunity #Write2Earn!
đ¨ Exciting News for the #TerraLunaClassic Community! đ¨
In a recent X post, validator HappyCattyCrypto revealed potential burn numbers for $USTC and tokens due to TFLâs Chapter 11 proceedings. đ Over 1 billion USTC and 275 billion LUNC could be burned! đĽ
The reopened shuttle bridge has already seen 2.58 billion LUNC claimed, with more to come. đ ď¸ The community is also being encouraged to migrate contracts for Mirror and Anchor Protocols to new governance, similar to Risk Harbor. đĄ These assets, tied to #USTC and #LUNC, are set for a big change!
đĽ As part of the court order, all Terra Luna Classic assets linked to these protocols will be burned! After October 31, TFL will no longer interact with Columbus-5 or Phoenix-1 chains, so expect a major shift soon. đ¨
With the final chain upgrade and TFL stepping away, the countdown is on for this monumental burn event. đ°ď¸ Donât miss out as the Terra Luna Classic ecosystem evolves!
#CryptoBurn #LUNCBurn #USTCBurn #Binance
$USTC
$LUNC
In a recent X post, validator HappyCattyCrypto revealed potential burn numbers for $USTC and tokens due to TFLâs Chapter 11 proceedings. đ Over 1 billion USTC and 275 billion LUNC could be burned! đĽ
The reopened shuttle bridge has already seen 2.58 billion LUNC claimed, with more to come. đ ď¸ The community is also being encouraged to migrate contracts for Mirror and Anchor Protocols to new governance, similar to Risk Harbor. đĄ These assets, tied to #USTC and #LUNC, are set for a big change!
đĽ As part of the court order, all Terra Luna Classic assets linked to these protocols will be burned! After October 31, TFL will no longer interact with Columbus-5 or Phoenix-1 chains, so expect a major shift soon. đ¨
With the final chain upgrade and TFL stepping away, the countdown is on for this monumental burn event. đ°ď¸ Donât miss out as the Terra Luna Classic ecosystem evolves!
#CryptoBurn #LUNCBurn #USTCBurn #Binance
$USTC
$LUNC