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There was a decline in digital assets on Monday Since Bitcoin is hovering below the $95,000 mark.
With analysts predicting a strong surge ahead of Donald Trump’s inauguration, Terra Luna Classic is on investors’ radar.
here’s why.
LUNC: strategic token burn
The LUNC community launched a token burn initiative to revive the ecosystem token (following the Terraform Labs debacle).
The campaign keeps LUNC going Removing billions of tokens from circulationWith the support of leading firms like Binance.
Meanwhile, the Terra Luna community is planning to liquidate 1.8 billion USTC linked to the Luna Foundation Guard wallet.
Here are 3 possible proposals: 1. Burn 1.8 billion LFG USTC 2. Burn Oracle Pool USTC 3. Burn 4% of supply @HappyCatKripto Found that no one has access to the (forgot wallet) to hold these offers?…
Additionally, they will burn all UTSC assets in USTC and LUNC and Oracle rewards in inaccessible wallets.
It is important to burn assets to reduce supply in order to boost demand. These events introduce scarcity, which enriches the value.
Lunanauts validator launches token burn plan, and experts believe the program could drive LUNC prices to $1.
Removing forks leads to mainnet upgrade
Orbit Labs reveals important software update progress.
The blockchain developer confirmed the completion of the initial phase with a proposal for voting ahead of the February mainnet upgrade.
@orbit__labs , #LUNC What does fork removal software upgrade mean?
hackmd.io/@orbitlabs/B1S…
⚠️Expected to be in regime in the next few weeks, series ready for upgrade 😊 😊
#LuncArmy #ustc #blockchain #universe #Binance #kraken #coinbase #crypto
developer couple,
We will prepare and submit the software upgrade proposal within the next 2-3 weeks. The proposal will outline the details and schedule of the mainnet upgrade.
Meanwhile, this final update regarding the early-stage fork removal proposal comes after more than two months of committed development and testing.
The team has successfully migrated the relevant code and logic that were part of LUNC’s forked repository.
Meanwhile, the upcoming upgrade will align Terra Luna Classic with the Cosmos ecosystem.
LUNC promotes dApps development within the Cosmos platform. This will increase maintenance and security updates.
real world utility
The network has completed various developments to enhance the use cases in the Terra Luna Classic environment.
The latest Binance-backed v3.3.0 upgrade enhances the utility of the blockchain by reducing barriers for dApps and developers interested in building the LUNC chain.
Additionally, features such as Terra Casino, Garuda DEX, Selenium, Terra Port and LBUN add to the real-world appeal of Terra Luna.
Terra Luna legal updates
Despite significant evidence against Terraform Labs co-founder Do Kwon, latest updates Show that he has entered a plea of not guilty in a United States court.
This means that he denied the charges that accused him of wire fraud, money laundering, commodities scam and securities fraud.
Meanwhile, the co-founder’s fraud trial will potentially begin in January 2026.
Currently, prosecutors are working on translating communications into English (from Korea) and cracking encrypted devices.
This suggests reducing regulatory friction, leaving LUNC’s price performance in the hands of broader market sentiments in the near term.
LUNC and USTC price movements
LUNC is trading at $0.0009942 after falling 3.5% and 18% over the past day and week, respectively.
The alt displays notable bearishness as it mirrors the overall crypto market stance, where bears flex their muscles.
Furthermore, USTC showed selling pressure at $0.01772, down 4.14% and 17% in the last 24 hours and week, respectively.
While the decline in trading volumes signals more pain, ecosystem growth suggests a massive recovery for LUCN and USTC on broad-based crypto rallies.
Post Terra Luna Classic Outlook: Key developments indicate an early recovery in LUNC price first appeared on Invez