LUNC - The Impending Burn

The SEC order requires Terraform Labs to burn or destroy the private keys associated with 😡😡LUNC wallets. This event, scheduled to occur before the end of the month, could trigger a significant supply shock, potentially driving up the price of LUNC.

The Terra Classic community has been actively working to reduce the circulating supply of LUNC through various burn mechanisms. A recent proposal from OrbitLabs aims to optimize the Terra Classic blockchain by removing forked modules and aligning it more closely with the broader Cosmos ecosystem.