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Why Terra Luna Classic (LUNC), USTC Prices Crashed Amid Massive 6.5 Bln LUNC Burn

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Terra Luna Classic saw over 6.5 billion $LUNC burned in the last 24 hours as large wallets are selling $LUNC tokens, raising concerns in the community. The move comes after Terraform Labs CEO Chris Amani confirmed yesterday to burn $LUNC and USTC they hold in their TFL and LFG wallets.