Hey folks! Big news in the crypto world: Terra Luna Classic (LUNC) and USTC prices went on a rollercoaster ride recently.
Why?
Well, it turns out a hefty chunk of these tokens got removed from circulation. Imagine over 1.85 billion USTC and 222 million LUNC tokens suddenly disappearing!
Naturally, this caused a frenzy in the community, with prices shooting up like fireworks – LUNC soared over 10%, and USTC climbed 18% in just a few hours. But here's the catch: these tokens weren't actually burnt or removed for good; they were just adjusted in the Luna Foundation Guard's (LFG) wallet.
So, while it seemed like a supply shortage and sent everyone into a buying frenzy, once the dust settled, prices started to come back down. As of now, LUNC is up 0.24% trading at $0.00010388, and USTC jumped 2.22% to $0.02305. Crazy, right? Keep an eye on these tokens, things are getting interesting!