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Crypto Terra Luna Classic Surges as Traders Speculate on New Supply Burn Rule

In an attempt to revive the failed Terra blockchain’s token, the approved proposal will destroy 1.2% of every transaction to reduce supply.

LUNC, the former LUNA, doubled its price in a week in anticipation of a new supply burn regime. (moonjazz/flickr)
LUNC, the former LUNA, doubled its price in a week in anticipation of a new supply burn regime. (moonjazz/flickr)