Terra Luna Classic (LUNC) and USTC are on fire

In just a week, LUNC prices surged by a whopping 15%, and USTC prices followed suit with a fantastic 12% jump, leaving the LUNC community pleasantly surprised.

What's the secret behind this incredible rally, you ask? Well, it's all about the USTC burn! The Terra Classic community made a bold move by voting to burn a staggering 800 million USTC tokens, which amounts to a significant 9% of the total supply.

This decision was part of their mission to revive the Terra Luna (LUNC) project. The proposal not only involved burning tokens but also blacklisting the Ozone protocol wallet containing 800 USTC. It's all about safeguarding assets and ensuring they don't vanish without proper authorization.

The aftermath of this proposal saw a majority of the community giving it a big thumbs up. Now, the USTC supply has decreased by a jaw-dropping 800 million on major platforms like CoinMarketCap and CoinGecko.

This removal of $800 million worth of USTC from circulation is making waves in the Terra Classic community and is seen as a pivotal step in the revival of both LUNC and USTC prices.

LUNC is currently trading at $0.000063, with a 15% increase in the past week. As for USTC, it's trading at $0.012, marking a 12% increase in the same period.

The crypto world is buzzing with excitement, and this 800 million USTC burn is a significant move towards the repeg and revival of LUNC. Keep your eyes on this space #cryptocurrency #BTC #BinanceSquare #crypto2023