LUNC Investor’s Bullish Bet: Buys Tokens at 3x Premium

• LUNC investor remain bullish on the token’s future, buying at a threefold premium.
• Community burns 726 million USTC, boosting LUNC’s potential.
• U.S. court approves liquidation plan, minimizing investor losses.

In the ongoing efforts to revive the Terra Luna Classic ecosystem, one LUNC investor demonstrated strong confidence by purchasing tokens at a 3x premium, betting on future price appreciation. This bullish sentiment coincides with the community’s recent burn of 726 million USTC, a move intended to revive the LUNC token’s value.

The user’s focus on “patience” reflects the long-term view many LUNC investors are likely taking as they wait for a potential token recovery.

LUNC Community Rallies, Burns Millions of USTC

The Terra Luna Classic (LUNC) community recently burned over 726 million USTC through the contract migration of Anchor Protocol, following the approval of Proposal 12135 by 27.23% of the community.

Nearly 25% of validators voted in favor, while 48% abstained, notably prominent validators like Allnodes. Support from delegators was strong, with 92% voting in favor of the burn. This action aims to rebuild the ecosystem after the dramatic c…

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