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 <p class="is-style-lead">This week, Terraform Labs’ Terra Luna Classic (LUNC) and TerraClassicUSD (USTC) have recorded gains of over 130% and 235%, respectively.&nbsp;&nbsp;</p>
 <p>Recall that Terraform Labs, the web3 project in charge of the Terra Luna Classic (LUNC) and TerraClassicUSD (USTC) altcoins, <a rel="noopener noreferrer nofollow" title="strategic" href="https://thebittimes.com/tag/strategic.html">strategic</a>ally deployed $10 million worth of assets across three distinct liquidity pools in November.&nbsp;</p>
 <p>This move laid the groundwork for the bullish momentum experienced by USTC and LUNC, demonstrating the profound impact <a rel="noopener noreferrer nofollow" title="strategic" href="https://thebittimes.com/tag/strategic.html">strategic</a> maneuvers can have on the crypto landscape.</p>
 <div class="cn-block-related-link">
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 <h2 class="wp-block-heading" id="crypto-analysts-comments">Crypto analysts comments&nbsp;</h2>
 <p>Adding a layer to the narrative, a popular crypto YouTube channel recently featured an analyst providing a nuanced perspective on USTC’s current trajectory.&nbsp;</p>
 <p>Despite USTC’s impressive climb from under $0.03 to over $0.05, the analyst issued a cautionary note, pointing to emerging weakness in Luna Classic (LUNC) as a potential harbinger of trouble for USTC.&nbsp;</p>
 <p>USTC started the week on a strong note, surging by an astounding 300% following Binance’s announcement of the launch of USTC perpetual contracts. Exchanging hands for $0.066 at the time of writing this report, USTC has experienced a 235% price increase in the past seven days, with a circulating supply of 9 billion USTC. This surge reflects the market’s response to <a rel="noopener noreferrer nofollow" title="strategic" href="https://thebittimes.com/tag/strategic.html">strategic</a> developments and key announcements.</p>
 <h2 class="wp-block-heading" id="lunc-s-burn-mechanism-triggers-rally">LUNC’s burn mechanism triggers rally</h2>
 <p>On the other side of the spectrum, LUNC has witnessed a significant price increase of 130% within the same timeframe.&nbsp;</p>
 <p>Binance’s recent burning of 3,903,522,969.89 LUNC tokens, representing trading fees from Oct. 31 to Nov. 29, contributed to this surge. The evolution of LUNC’s burn mechanism, initially set at 100% and later adjusted to 50%, adds an interesting layer to its recent price dynamics.</p>
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 <p>While USTC and LUNC showcase remarkable growth, the broader crypto market is also in the green. At the time of writing, Bitcoin’s (BTC) recent positive price movement toward the $40k mark has resulted in over 80% of holders being in profit, marking a significant milestone since December 2021.&nbsp;</p>
 <p>At press time, the global cryptocurrency market capitalization stands at $1.56 trillion, representing a 1.9% increase in the last 24 hours, according to CoinGecko.&nbsp;</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Terra Community proposes LUNC and USTC recoupling
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/terraform-labs-strategic-move-fuels-ustc-and-lunc-rally-tbt72458.html">https://thebittimes.com/terraform-labs-strategic-move-fuels-ustc-and-lunc-rally-tbt72458.html</a></p>

Terraform Labs’ strategic move fuels USTC and LUNC rally

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