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 <h2 id="terra-luna-classic-community-favors-to-burn-800-million-ustc">Terra Luna Classic Community Favors To Burn 800 Million USTC</h2> 
 <p><strong>Proposal 11658</strong>&nbsp;“Return of Community funds not used” by ex-Terra Rebels developer group member&nbsp;<strong>Vegas </strong>has passed with 70.27% “Yes” votes. He recommended returning 800 million USTC on-chain funds to the Terra Luna Classic community pool as the Ozone Protocol project is not actively following the proposed development plan.</p>  
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 <p>However, the counter <strong>Proposal 11660 “</strong>Burn 100% of Funds Should Prop: 11658 Pass” receives 82.55% “Yes” votes. It claims that a large portion of the community is requesting to burn 800 million tokens. Thus, even if Proposal 11658 passes, the counter-proposal will prevail as it has received more votes.</p> 
 <p>The community needs to wait for another similar proposal that suggests burning 80% and sending 20% to the community pool for developers. Notably, the proposal hasn’t received many votes in favor as only 46% agreed with it.</p> 
 <p>The preparations for returning funds have already started as developers started contacting and approving a transfer of 800 million USTC tokens. Amid the USTC repeg efforts, a revival of LUNC only after the USTC repeg narrative is picking up pace. Prominent members believe LUNC has a better roadmap for revival, with market cap and utility continuously growing.</p>  
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 <p><strong>Read More: Terra Founder Do Kwon Sells More LFG-Linked Bitcoin As SEC Lawsuit Moves Ahead</strong></p> 
 <h2 id="lunc-and-ustc-need-upside-momentum">LUNC and USTC Need Upside Momentum</h2>  
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 <p>According to CoinGape Markets, Terra Luna Classic can recover above the $0.00009 support level. However, the weakness in the broader crypto market caused LUNC and USTC to fail to build upside momentum.</p> 
 <p>LUNC price fell 0.5% in the past 24 hours, with the price currently trading at $0.000077. The 24-hour low and high are $0.0000776 and $0.0000794, respectively.</p> 
 <p>Meanwhile, USTC price trades at $0.0158, up nearly 5% in the past 24 hours and 31% in a month. The trading volume has increased by 25% in the 24hrs.</p> 
 <p><strong>Also Read:</strong></p> 
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  <li>Popular Analyst Predicts Bitcoin Crash Below $25000, Dogecoin To Rally</li> 
  <li>Aave Proposal To Prohibit Curve Finance CRV Borrowing Officially Passed</li> 
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Terra Luna Classic Proposals To Burn 800 Million Tokens Officially Passed, USTC & LUNC To $1?

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