ustc will soon be worth 3 dollars

The reason behind the rise of LUNC and USTC:

1. Activation of the new burn mechanism
• The Terra Classic network is reactivating the "Market Module," where 1 dollar of USTC is burned for every 1 dollar of LUNC minted after stabilizing the price, which helps to reduce the supply of USTC first and then LUNC later.

2. Massive burn operations
• More than 1.75 billion USTC and 211 million LUNC have been burned since April, through the Luna Foundation Guard in response to the settlement agreement with the SEC, which alleviated inflationary pressure.

3. Support from the community and the foundation
• Terra Classic Labs and the LUNC/USTC community have engaged in strategic purchases, including buying about 25.6 million USTC for 500 thousand dollars, driving prices up previously.

⸻

📊 Current market development
• USTC has risen more than 13% in the past 24 hours, reaching about 0.0126 dollars, and is still far from peg 1$ but the trend is positive.
• LUNC has risen about 7.7%, recording around 0.0000605 dollars, with strong gains pushing past the previous resistance point.

⸻

✅ Summary

The rise you are seeing is a direct result of ongoing efforts to reduce the supply of USTC, then LUNC, alongside support from the community. — Currently, we are watching to see if USTC will succeed in re-establishing the peg at 1 dollar, which is key for the next phase of LUNC's recovery.