Terra Luna Classic ($LUNC) Community Rejects Key Burn Proposal

Terra Luna Classic community rejected a proposal to burn 800 million USTC, with LUNC and USTC price falling over 10%.

The Terra Luna Classic community rejected a proposal to burn 800 million TerraClassicUSD (USTC) as they look for better ways to burn these. The community believes there are easy ways to burn funds from the Risk Harbor (formerly Ozone Protocol) multisig wallet without an update and any legal consequences.

The Terra Luna Classic community was recently notified that Risk Harbor lost the keys and has agreed to blacklist the wallet.

LUNC price fell 13% in the past 24 hours, with the price currently trading at $0.000149. The 24-hour low and high are $0.000142 and $0.000168, respectively. However, trading volume has increased 20% in the last 24 hours.