TerraClassicUSD (USTC) prices saw a 50% surge on September 29 before the burn proposal was implemented, restoring confidence among investors. TerraLunaClassic (LUNC) also surged by more than 20% on the same day. However, prices later retreated, with USTC dropping from $0.0276 to $0.0219 and LUNC from $0.0001092 to $0.0000822.
However, there is still optimism supported by Binance burning 1.14 billion LUNC tokens, which increases the possibility of a price rally again. Analysts consider the current decline to be temporary, expecting future upward movements for both tokens, especially with the ongoing burns helping to reduce the supply of tokens.
