Binance is reportedly aiding the Terra Classic community with the USTC revival plan, as hinted by a cryptic post from Binance community associate Diana. This collaboration complements Binance’s ongoing LUNC burn campaign, which has already eliminated over 62 billion LUNC tokens, nearly half of the total burned by the community.
Binance’s involvement has sparked optimism within the Terra Classic community, especially given the crypto exchange’s significant investment and holding in Terra Luna Classic tokens. Former CEO Changpeng Zhao revealed that Binance invested $3 million in Terra and has never sold its holdings.
The LUNC price saw a minor increase of over 1%, trading at $0.00007192, while USTC climbed by 0.50%, trading at $0.01608. However, trading volumes for both tokens have decreased, indicating trader uncertainty in the crypto market.
Binance’s support in USTC revival and LUNC burn demonstrates a strategic commitment to the Terra Classic ecosystem, potentially influencing its long-term stability and growth.
