Terra Classic Token Burn Fails to Spark Price Rally: What's Next?

摘要： Terraform Labs (TFL) recently completed a major token burn, removing 251 billion LUNC and...

Terraform Labs (TFL) recently completed a major token burn, removing 251 billion LUNC and 264 million USTC from circulation. This action was part of a settlement with the U.S. Securities and Exchange Commission (SEC) and involved shutting down the Shuttle Bridge. Despite the large burn, the prices of LUNC and USTC have remained relatively flat, with LUNC rising only 0.41% and USTC by 0.02%. The muted market reaction suggests that the burn, while significant, was not enough to create a noticeable scarcity effect on the market. The circulating supply of LUNC is massive, with 5.45 trillion tokens currently in circulation, and the burn only accounted for about 4% of that supply. While this action was a step in the right direction for the Terra Classic community, more drastic supply control measures or utility enhancements may be needed to see substantial price gains. Investors are likely waiting for further developments before investing in LUNC and USTC, suggesting a cautious market sentiment.