Sure, here’s a rewritten version of the article:
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The Terra Luna Classic community has taken a significant step forward by initiating the burning of 12 billion LUNC and 68 million USTC tokens, alongside contracts involving the Lido DAO reward provider. This community-led action forms part of ongoing efforts to bolster the value of LUNC and USTC tokens, aiming to push their prices towards $1.
**Terra Luna Classic Burns 12 Billion LUNC**
In a noteworthy move, the Terra Luna Classic community has decided to permanently remove 12 billion LUNC and 68 million USTC tokens from circulation, marking one of the largest burns of LUNC in its history.
According to reports, the removal of 12 billion LUNC tokens will be executed through contracts involving Anchor bLuna rewards and the Lido rewards dispatcher. This development has already been reflected in updates on CoinMarketCap and CoinGecko.
An official statement from the Terra Classic Foundation, posted by an X account, highlighted that the community will also vote on the burn of these funds, underscoring its pivotal role in shaping the future trajectory of LUNC. The developers of Terra Luna Classic are committed to continuing these burns, ensuring a reduction in the circulation of both LUNC and USTC tokens. Furthermore, the community has already removed a total of 93 million LUNC and 87 million USTC tokens from the Terra Shuttle Bridge (BSC) contract.
**Will LUNC Reach $0.0001?**
Over the past 24 hours, the price of LUNC has experienced a marginal decline of 1%, currently trading at $0.00008072. During this period, the price fluctuated between $0.00008050 and $0.00008366. The trading volume of LUNC has also decreased by 36%, amounting to $13.4 million.
Burn events are recognized as pivotal factors influencing the future price movements of LUNC. The recent burns of LUNC tokens by major entities such as Binance and Terraform Labs, alongside the upcoming implementation of the Tax2Gas application in July, are anticipated to potentially elevate the price of LUNC. Investors are optimistic that these developments could drive the price above $0.0001.
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**Disclaimer:**
The information provided in this article is not intended as investment advice. Investors should exercise caution due to the high volatility associated with cryptocurrencies and conduct thorough research before making any investment decisions.
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