Terra Luna’s Stablecoin (USTC) Soars 14% After Binance Removes Warning Label
The vast community behind the notorious Terra (LUNA) blockchain is finally seeing some bright clouds, as the failed stablecoin TerraClassicUSD (USTC) inked 14% gains in less than 24 hours. Terra’s faulty stablecoin caught a bullish trend right after Binance deleted the warning messages on USTC and LUNC, and is also carrying the load with over 50% of LUNC burns since the crash. How fitting would it be if $LUNC had a historic pump on the 1 year anniversary of the crash. Let’s make it happen! Smash the like button if you want to see it happen! #Crypto #Binance #LUNC pic.twitter.com/8CzdAFcwD1 The development is just in time for the LUNC Army, as many members of this active community are voting on the USTC repeg proposal. As USTC and ‘USTC repeg’ are both trending on Twitter, the LUNC community expects the USTC to be re-pegged shortly, while intensified Terra Luna Classic (LUNC) burns would help sustain its liquidity. At press time, ranked #158, USTC is priced at $0.025, according to CoinGecko. On the other hand, the crashed protocol’s native currency, LUNC, trades at $0.00017287, recording a slighter increase of 2.7% in the last 24 hours. Last but not least, Terra’s forked version LUNA gained 5.6% and trades at $2.14, ranking just outside the TOP 100 by global market cap. BREAKING NEWS #LUNC! The possibility of reviving the perilously crashed altcoin LUNC heavily depends on the community’s burning efforts. Several YouTubers and crypto influencers have contributed to the cause, while the biggest contributor is the leading crypto exchange Binance, tied to over 50% $LUNC burns. While the LUNC community constantly organizes burning events, there’s also a group on Discord aiming for Do Kwon’s head. The UST Restitution Group shares ideas on where the embattled entrepreneur could be, with the latest theories suggesting a getaway to Serbia. What @Stablekwon tried to create was on its way to becoming a reality, but bad actors associated with fiat brought $LUNA down, @SBF_FTX using other people's funds. Do really had everyone's best interests at heart, and the OG's know this. I'll be backing him again.$ust #LUNC pic.twitter.com/rZnQSDpsZJ LUNC still has a vast community, even after most investors backing off due to one of the most dramatic breakdowns in crypto history. In May 2022, the entire Terra (LUNA) network crashed, shredding to pieces both the UST stablecoin and Terra (LUNA) token. Check out the other trending stories in altcoins: “TRX Will Be Accepted in China” – Justin Sun Makes Bold Claim
Can USTC and LUNC Come Back to Life?
The #USTC Re-Peg Proposal has Reach Quorum and is PASSING as of now!
Remember this is a Signaling Prop to further explore this idea in #LUNACLASSIC, No Code Change! pic.twitter.com/jbtC4yg8FtIs UST Restitution Group Going to Take Revenge?
On the Flipside
Why You Should Care
Read more: https://dailycoin.com/terra-lunas-stablecoin-ustc-soars-14-after-binance-removes-warning-label/
Text source: DailyCoin.com
