The Terra Classic community is gearing up for a massive token burn, with CEO Chris Amani confirming the burning of USTC and LUNC tokens along with LUNA in the next few months. This move aims to reduce the circulating supply of both tokens in the Terra Luna Classic ecosystem, which has been plagued by the Terra-Luna death spiral.

The burn readiness will take place in the next few months, with the community preparing to burn billions of USTC and LUNC tokens sitting idle in the wallets linked to Terraform Labs (TFL) and Luna Foundation Guard (LFG). This move is seen as a step towards reducing the circulating supply of both tokens and potentially boosting their prices.

Terraform Labs and Do Kwon have recently settled with the U.S. Securities and Exchange Commission (SEC) for $4.5 billion, leading to the company's winding down of operations. The community has uncovered some TFL and LFG wallets that can be used for the burn, but there are concerns about how the community will monitor and ensure the burn is viable.

The LUNC price is currently trading sideways, with the price at $0.00009102. The trading volume has decreased by 13% in the last 24 hours, indicating a lack of interest among traders in this downturn. Meanwhile, the USTC price has seen some signs of recovery, with the price currently changing hands at $0.01864. The trading volume has dropped by 15%.

The community anticipates a massive rally in LUNC and USTC prices after the big burn, but it remains to be seen whether this will bring any significant price action. The burn is seen as a step towards a new era for the Terra Classic ecosystem, but it remains to be seen whether it will be enough to revive the community's interest in these tokens.