Massive Token Burn Sparks Hope for Terra’s LUNC and USTC
Recent on-chain activity indicates a significant burn of over 2 billion LUNC and USTC tokens from the Terra ecosystem. This massive reduction in circulating supply has ignited optimism among LUNC holders about a potential price rebound. Market participants are closely monitoring these developments as the effects of such a burn could stimulate demand and lead to price appreciation. The prospect of recovery is generating renewed interest, and the community is abuzz with speculation about what this could mean for the future growth of Terra.