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Terra Luna Classic Burns LUNC And USTC Holdings, LUNC Price To $1?

Nov 4, 2024

TerraformLabs(TFL)hasexecutedalarge-scaletokenburnof251billionTerraLunaClassic(LUNC)and264millionTerraClassicUSD(USTC)tokensfromcirculation.TheburnwaspartofasettlementwiththeU.S.SecuritiesandExchangeCommission(SEC)thatrequiredTFLtodisposeofspecificassetsheldinitsShuttleBridgewallets.

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