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Breaking: Terra Luna Classic (LUNC), USTC Removed From Luna Foundation Guard

Terra Luna Classic experiences a surge in token prices after the Luna Foundation Guard adjusts circulating supplies, causing significant price jumps in both USTC and LUNC tokens.

Published by

Varinder Singh

Updated 04 Sep, 2025 | 08:48:42 AM UTC

Breaking: Terra Luna Classic (LUNC), USTC Removed From Luna Foundation Guard

Highlights

Luna Foundation Guard adjusts USTC and LUNC token circulation, sparking significant price surges.
Initial price spikes follow news of supply adjustments but later retract as community learns of the nature of the changes.
LUNC up 4%, trading at $0.0001062, and USTC up 7% to $0.0235, with trading volume increasing by 118% in the past 24 hours.

The Terra Luna Classic ecosystem experienced a significant price surge on Saturday after the Luna Foundation Guard removed 1.85 billion USTC and 222 million LUNC tokens from circulation. This action caused the price of LUNC to jump over 10% and USTC to rise by 18% within a few hours, though both tokens later saw a reduction in their initial gains.

Luna Foundation Guard’s LUNC and USTC Circulating Supply

1.85 billion USTC and 222 million LUNC tokens were taken out of Luna Foundation Guard’s wallet address terra1gr0xesnseevzt3h4nxr64sh5gk4dwrwgszx3nw. The move comes as the account has been dormant for almost 2 years.

As a result, USTC circulating supply is now down to 7.1 billion. Crypto assets held by team, foundation, treasury, escrow funds are not counted in circulating supply. “Assets that are locked (via smart contracts or legal contracts), allocated to insiders (e.g. teams or private investors), or not sellable on the public market are generally not regarded as circulating, regardless of whether they are unlocked,” as per CoinMarketCap.

These numbers reflect adjustments and not actual removals from circulation. Some LFG funds were miscounted as belonging to circulating supply.

Also Read: Terra Luna Classic Developer Announces Key Upgrade, LUNC Price To $0.0002?

LUNC and USTC Prices Skyrocket

LUNC and USTC prices skyrocketed as the news sparked buying in the community due to a decrease in supply. But as the developments became clear to the community the prices started to pullback.

The Terra Luna Classic community seeks to burn USTC and LUNC in the LFG wallet to reflect in total supply, but it was just adjustments and not actual removals from circulating supply.

LUNC price is currently up 4%% over the last 24 hours, with the price currently trading at $0.0001062. The 24-hour high and low are $0.0001020 and $0.0001129, respectively.

Meanwhile, USTC price also jumped 7% in the last 24 hours, with the price currently trading at $0.0235. The 24-hour low and high are $0.0215 and $0.0251, respectively. Moreover, the trading volume has increased by 118% in the past 24 hours.

Also Read:

Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

Published by

Varinder Singh

Updated 04 Sep, 2025 | 08:48:42 AM

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