On Saturday, the Terra Luna Classic ecosystem saw a significant surge in the prices of its tokens, LUNC and USTC, after the removal of 1.85 billion USTC and 222 million LUNC tokens from the Luna Foundation Guard’s circulating supply. This action, affecting an account dormant for nearly two years, led to a more than 10% increase in LUNC’s price and an 18% rise in USTC’s value, although gains were later pared. This adjustment in circulating supply, a key move from the Luna Foundation Guard, reflects a strategic effort to manage the supply and potentially stabilize or increase token value.
Following this event, LUNC’s price is up by 4%, trading at $0.0001062, while USTC has seen a 7% increase, with its price at $0.0235. The trading volume for these tokens has also surged, indicating heightened interest and activity within the Terra Luna Classic community. This development underscores the community’s ongoing efforts to refine and enhance the Terra Luna Classic ecosystem’s economic model for long-term stability and growth.
For more details, you can visit the Luna Foundation Guard’s wallet address [here](https://wallet.terra-classic.io/explorer/address/terra1gr0xesnseevzt3h4nxr64sh5gk4dwrwgszx3nw).
