The price of $LUNC and $USTC is at rock bottom. After the LUNA/UST crash, the supply of LUNC increased to 6.9 trillion.
There were burns in USTC, but the remaining supply was released to the market at a cheap price. The cryptocurrencies in the wallets of the Luna Foundation melted and the funds that would keep USTC fixed at $1 were lost...
The Terra Classic community emerged with burn events. There were events that suggested that there might be a comeback plan. In order for there to be a comeback, the increasing supply in $LUNC needs to be burned. The supply spreading to the market needs to be collected. We knew that they would push investors to do this.
At this point, we can say that we are in the most difficult period for $LUNC and $USTC investors. General market conditions also trigger this. We will see if this situation will be an advantage in the long term.
We think that the comeback plan in #LUNC and $USTC is still on the table. Big increases will start soon.
