<ul><li>The Terra Luna Classic community plans to burn 250 billion LUNC tokens on October 31st to reduce the massive token supply.</li><li>Mixed community reactions with some suggesting burning USTC instead and others doubting the price potential of LUNC.</li><li>The formation of a bullish hammer candle on the daily chart sparks optimism among investors for a potential price reversal.</li><li>The effectiveness of the burn mechanism and its impact on LUNC's price remains uncertain, and the community awaits the outcome of the burn event.</li></ul>

LUNC Community Divided On Burning 250B Tokens

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