Terra Luna Classic community debates raising burn tax to 1.5% for LUNC and USTC, aiming to boost ecosystem.
Terra Luna Classic community is voting on a proposal to hike the burn tax from 0.5% to 1.5%, aiming to boost burn rates and rally LUNC's price. However, the community is divided over this plan.
Binance has increased leverage ratios for Terra Luna transactions, leading to significant price rises in LUNA, LUNC, and USTC.
Binance has increased leverage for Terra Luna trading, boosting LUNA, LUNC, and USTC prices. This move supports the Terra Luna community during Terraform Labs' bankruptcy.
The Terra Classic community approved a proposal granting CoinMarketCap dashboard access to Allnodes, a top validator, after Terraform Labs failed to do so. This move is expected to positively influence LUNC and USTC prices.
Terraform Labs burned 251 billion LUNC and 264 million USTC, reducing token circulation. This has sparked speculation about LUNC reaching $1.
The Terra Shuttle Bridge has been closed, with all remaining LUNC and USTC tokens burned to finalize the shutdown.
The supply of Terra Classic (LUNC) has decreased to 6.5 trillion due to ongoing token burns, which are crucial for the Terra Classic chain.
The Terra Luna Classic community has approved a proposal to gain control over panels managed by Terraform Labs, positively affecting LUNC and USTC prices, which have exceeded key resistance levels.
The Terra Luna Classic community is close to approving a proposal to gain access to Terraform Labs’ accounts and dashboard. This move has led to positive price momentum for LUNC and USTC, as resistance levels are challenged.
LUNC and USTC saw a significant price surge, with USTC jumping nearly 50% and LUNC rallying over 20%, driven by the implementation of a burn initiative aimed at boosting token prices.
Binance burned 1.14 billion Terra Luna Classic tokens, causing a 10% surge in LUNC and USTC prices. The exchange has burned over 64 billion LUNC tokens through September and increased the burn frequency. Analysis suggests potential for a 40% LUNC price rally.
Binance conducted its 26th token burn, destroying 1.14 billion LUNC tokens, which led to a price surge of over 10% for both LUNC and USTC.
Binance's token burn increased LUNC and USTC prices significantly by reducing supply, supporting market demand.
LUNC and USTC prices jumped 10% following Binance's burning of 1.14 billion Terra Luna Classic tokens. The event boosted investor sentiment.
Crypto assets from collapsed projects like FTX and Terraform Labs—FTT, USTC, LUNA, and LUNC—are experiencing surprising price gains, with FTT leading by surging 13% to $2.41.
LUNA volume surges 295% while LUNC rises 14% due to USTC burn proposal boosting market confidence and bullish sentiment.
The Terra Luna Classic community supports a new proposal to burn USTC, garnering interest after TerraForm Labs announced it would wind down and incinerate remaining assets.
The Terra Luna Classic community initiates a significant USTC burning proposal, leading to mixed market reactions despite some price increases.
The Terra Luna Classic community has proposed burning 46.55 million USTC through a contract migration to secure assets and boost the LUNC price.
The Terra Luna Classic community votes on a USTC burn proposal after TerraForm Labs winds down its operations and burns remaining assets.
A LUNC investor showed strong confidence by buying tokens at a 3x premium, aligning with the community burning 726 million USTC to boost LUNC's value.
Over 726 million USTC tokens were burned by the Terra Luna Classic community after the approval of proposal 12135.
The Terra Luna Classic community approved proposal 12135, leading to the burning of over 726 million USTC from Anchor Protocol. This follows Terraform Labs' clearance to wind down operations by a US bankruptcy court, and the community anticipates additional burns in the future.
Vegas Morph proposes a plan to repeg USTC to $1, alongside updates for LUNC as Terra Luna Classic rallies 15% in a week.
Terra Luna Classic unveils proposal to repeg USTC to $1, boosting LUNC price by 15%. The community remains optimistic with additional developments like token burns by Terraform Labs.
The Terra Luna Classic community is preparing for major burns of USTC and LUNC tokens, with estimates indicating a large quantity could be affected.
The Terra Luna Classic community anticipates a significant burn of over 1 billion USTC and 275 billion LUNC tokens by Terraform Labs, in accordance with a Chapter 11 bankruptcy and a U.S. SEC court order.
LUNA, LUNC, and USTC have shown mixed performance ahead of Terraform Labs' bankruptcy hearing on September 19. The court will decide on restructuring or liquidation of the company, impacting the prices of these cryptocurrencies.
Terraform Labs announced the opening of Shuttle Bridge, integrating Wrapped LUNA Classic and USTC into Terra Classic.
Focus on major developments in Polygon and Terra Classic, including whale activity and a new bounty to restore USTC peg.