The court previously ordered Terraform Labs (TFL) to burn its holdings, and those court-mandated token burns have already been executed. As part of its $4.47 billion settlement with the US SEC and its subsequent Chapter 11 bankruptcy wind-down, the Delaware Bankruptcy Court mandated that TFL permanently destroy its private keys to wallets holding Terra Classic assets. $LUNC #LUNC
🔥 Misconception regarding 31 dec final court for TFL🔥
A common misunderstanding regarding the burn on TFL assets. The burn process has already started and has been running for a long time.
The December 31, 2026 court extension does not mean the community has to wait until then for burns to begin. To clear up the confusion, the burn process is divided into two parts:
1. What is happening RIGHT NOW (No waiting required)The daily deflation of LUNC is completely active and does not rely on the court.
•The Community Burn Tax: Every time someone trades LUNC on-chain, 0.5% of those tokens are automatically burned instantly.
•The Binance Monthly Burns: Binance continues to voluntarily burn billions of LUNC tokens at the start of every month using its trading fees.
•The Progress So Far: The ecosystem has already burned over 410 billion LUNC tokens. Terraform Labs (TFL) already incinerated its main corporate stash of 249 billion tokens during its initial 2024 bankruptcy process.
2. What IS paused until the December 31 court timelineThe only thing waiting on the court's December wind-down deadline is the final cleanup of the remaining bankruptcy assets.
•There are still specific TFL-controlled wallets and sub-accounts tied up in the legal system holding an estimated 19 billion LUNC and significant stashes of USTC.
•Because the court extended the dissolution timeline, the bankruptcy Plan Administrator is legally required to hold those specific tokens while they finish reviewing investor claims and wrapping up corporate lawsuits.
The Bottom Line: You do not have to wait until December for the supply to drop. The total supply is shrinking every single day.
December 31 is simply the final date when the absolute last remnants of Terraform Labs' frozen tokens will be legally settled, destroyed, or handed over.
Most people are still overlooking what's actually happening with $LUNC .
The burn mechanism isn't speculation — it's functioning. The community held together when most walked away. And the supply reduction thesis, slow as it may be, is mathematically grounded: when you systematically eliminate the vast majority of a near-infinite supply, the numbers eventually move in your favor. That's not opinions, that's arithmetic.
This isn't about chasing hype. It's about one of the most recognized names in crypto history rebuilding — quietly, methodically, from the ground up. The $0.01 target isn't wishful thinking. It's a logical destination on a long road. The only real variable is whether you have the patience to stay on it. #LUNC #TerraLunaClassic
You can see the volume $LUNC being trading in 24Hrs. and Imagine how much binance fee from this? Also you realized that Binance is burning from the fee too right? This Massive! last time it was almost 50% burn from Binance the fee burned.
Now when Imagine when's community led 100% then the acceleration is unlocked !
Big Things will happen to $LUNC this year! and I hope that Repeg with $USTC successful then all your hope LUNC to $1 will come true! #LUNC
LUNC is surging this is a good sign that the community has a lot backup behind them.. It's just a matter of time the Court finally releases the liquidations on TFL. All the rights will be in the hands of communities. There are many proofs out there that update the $LUNC progress . #LUNC
Once the court will release liquidation on TFL. the community will have all the right to manage $LUNC And when repeg with $USTC success all the will change. and Recently there is spike of trading in LUNC it's mean acerelate the burning process.
This is possible because LUNC have massive community and solid. see you when this happen.#LUNC
When all the user at telegram can be convert to buy crypto, then $TON will surge more than what we see right now. This is my basic, why I am starting accumulate TON. #TON
Is everyone suddenly acting like $1 is too small for LUNC?
The $LUNC talk has officially moved from '$1 soon' to '$10 or nothing,' and honestly, I get it. When you have 5 million people refusing to quit, Binance burning billions like clockwork, and the network finally getting solid upgrades (v4.0.1), the 'impossible' starts to feel possible.We’re not just looking for a tiny pump anymore.
The community is looking for the ultimate comeback. Supply is shrinking, the hype is trending #1 on CoinGecko, and the energy is just different this time.
Maybe this is the background why LUNC always still hot narrative so far. #LUNC
CZ retweeted the post about LUNC. Everyone knows about CZ's support for the Terra Classic community. CZ confirms this support through his social media interactions. The support between CZ and Binance never ends. The key to taking $LUNC back to the top is here... #Binance #CZ #LUNC #TerraClassic $LUNC {spot}(LUNCUSDT)
This is amazing, while I am watching ND observer $LUNC keep on making it's move. if there is a good position, will add more. Is this the road to 0.01 begin? 🤔