In a sudden move, Terra Luna (LUNA) has removed Terra Luna Classic (LUNC) and USTC tokens from its foundation guard, causing a significant price surge. The unexpected token purge has sparked excitement in the crypto community.

Luna Foundation Guard's Token Adjustment

Luna Foundation Guard, the organization behind Terra Luna, has adjusted its token holdings, removing 1.85 billion USTC and 222 million LUNC from its circulating supply. This move has led to a decrease in the total supply of both tokens, causing prices to jump.

Price Surge and Community Reaction

As news of the token purge spread, LUNC and USTC prices skyrocketed. The Terra Luna Classic community welcomed the move, hoping it would lead to a reduction in the total supply of tokens. However, as the community realized the adjustment was only a correction and not an actual removal of tokens from circulation, prices began to pull back.

Current Prices and Trading Volume

LUNC is currently trading at $0.0001062, with a 24-hour high and low of $0.0001129 and $0.0001020, respectively. USTC is trading at $0.0235, with a 24-hour high and low of $0.0251 and $0.0215, respectively. Trading volume has increased by 118% in the past 24 hours.

Conclusion

Terra Luna's surprise token purge has led to a significant price increase for LUNC and USTC. While the move has sparked excitement, it is essential to understand that the adjustment was only a correction and not an actual removal of tokens from circulation. As the market adjusts to these changes, it will be interesting to see how the prices of LUNC and USTC evolve.