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Terra Luna Classic: Token Burn and Community Dynamics

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by Giorgi Kostiuk

20 hours ago

Terra Luna Classic faces a key support level as token burns increase and community voting becomes pivotal.

Current Situation Analysis

Terra Luna Classic remains at $0.000060, a significant decrease of over 66% from its December high.

Token Burning Process

Over 727 million LUNC tokens were burned in the past week, with the total burn reaching 407 billion. Wednesday saw the Luna Foundation Guard incinerate over 211 million tokens.

The @LFG_org wallet has been BURNED! 211,577,500 LUNC and 1,754,725,793 USTC are now gone!Mr. Diamondhandz1

On-Chain Liquidity Voting

Users proposed creating USDC/LUNC liquidity pools to enhance on-chain liquidity and reduce reliance on centralized exchanges, while increasing tax revenue.

With the increase in token burns and active community voting, Terra Luna Classic is at a crossroads, determining its future and next steps.

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