• Binance removes the warning signs on Terra’s USTC stablecoin, causing it to surge 14%.
• The LUNC community is voting on the USTC repeg proposal, and expects a pump that will keep its market cap above $1bn.
• A group of crypto influencers is aiming for Do Kwon’s head in order to restore the perilously crashed altcoin LUNC.
Binance Removes Warning Label on USTC
Binance has removed the warning messages on Terra’s fallen USTC stablecoin, causing it to surge 14% in less than 24 hours. This promising development for Terra’s community comes as they are voting on the USTC repeg proposal – which many expect to pass soon.
LUNC Army Expects Pump
The vast community behind Terra (LUNA) blockchain is expecting a bullish trend and a historic pump to stay above the $1bn market cap. At press time, ranked #158, USTC is priced at $0.025 according to CoinGecko; meanwhile its native currency, LUNC, trades at $0.00017287 with an increase of 2.7% in the last 24 hours; while Terra’s forked version LUNA gained 5.6% and trades at $2.14, ranking just outside the TOP 100 by global market cap.
USTC Re-Peg Proposal Passes Quorum
The development is timely for Luna’s active community as many members are voting on the USTC re-peg proposal – which has now passed quorum and is officially passing as of now! The news saw both ‚USTC‘ and ‚USTC Re-Peg‘ trending on Twitter as people discussed what this means for LunaClassic (LUNC).
Intensified LUNC Burns
In order for LunaClassic (LUNC) to come back to life, there needs to be intensified burning efforts from within the community – with several YouTubers and crypto influencers having already contributed towards this cause. However Binance remains the biggest contributor tied over 50% of all burns so far!
Aiming For Do Kwon’s Head?
Meanwhile there exists a group on Discord called ‘UST Restitution Group’ aiming for Do Kwon’s head in order to restore LunaClassic (LUNC). It remains up in the air how successful these efforts will be – but it’s certain that if there were any type of revival then it would depend heavily upon intensified burning efforts from within their active community across multiple platforms!