🚨 Major News for Terra Classic ($LUNC): Massive Burn Event Incoming! 🚨
A game-changing LUNC burn may be on the horizon, with the potential to trigger a supply shock that could send $LUNC skyrocketing. 🌕 In a $4.5 billion settlement with the SEC, Terraform Labs has been ordered to burn a substantial amount of LUNC before the end of the month. Failure to comply will result in severe penalties.
This monumental burn, which involves destroying private keys linked to significant LUNC holdings, could happen as soon as this week. Additionally, the Shuttle Bridge—a key tool for cross-chain transfers—will be permanently shut down. Users are urged to withdraw their assets as soon as possible to avoid any disruptions. ⚠️
Why is this important? By reducing LUNC’s circulating supply, the burn is expected to have a deflationary impact, potentially setting the stage for a major price rally. Currently trading at $0.0000925, LUNC could be poised for a breakout as this critical event approaches.
Meanwhile, the Terra Classic community is actively working on important upgrades to improve the blockchain's efficiency and long-term sustainability. Proposals are being discussed to lower maintenance costs and better integrate the network with the Cosmos ecosystem.
Could this be the pivotal moment for LUNC’s resurgence? Stay tuned as this highly anticipated burn event unfolds! 🚀
#CryptoPreUSElection #EthereumPectraUpgrade #XRPDonationsUSElections #ScrollOnBinance
