USTC Jumps 10.75% on Binance as Market Module Reactivation and LUNC Burns Drive $18M Surge

USTC (TerraClassicUSD) saw a significant price increase of 10.75% over the past 24 hours, rising from a 24h open of $0.01228 to a current price of $0.01360 on Binance, with trading volume reaching $18.25 million. This surge is primarily attributed to heightened market activity following discussions among the community and validators about proposals to reactivate the Market Module with risk controls and supply burn mechanisms for USTC and LUNC, as well as recent LUNC burn events that have reduced supply. USTC was also highlighted as a market outperformer in recent Binance updates, and the increased trading volume reflects renewed investor interest amid these developments. Despite the short-term rebound and strong trading activity, USTC remains a volatile asset with its long-term trend still showing signs of bearishness.