bullish

Millions

Terra

Anchor

Coin

<ul class="wp-block-list news-points">
 <li>LUNC investor remain bullish on the token’s future, buying at a threefold premium.</li>
 <li>Community burns 726 million USTC, boosting LUNC’s potential.</li>
 <li>U.S. court approves liquidation plan, minimizing investor losses.</li>
</ul>
In the ongoing efforts to revive the Terra Luna Classic ecosystem, one LUNC investor demonstrated strong confidence by purchasing tokens at a <a href="https://x.com/stablehyung/status/1837784858728214648" target="_blank" rel="noopener noreferrer nofollow">3x premium</a>, 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.
<h2 class="wp-block-heading" id="h-lunc-community-rallies-burns-millions-of-ustc">LUNC Community Rallies, Burns Millions of USTC</h2>
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…
The post <a href="https://coinedition.com/lunc-investors-bullish-bet-buys-tokens-at-3x-premium/" rel="noopener noreferrer nofollow">LUNC Investor’s Bullish Bet: Buys Tokens at 3x Premium</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

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

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