Founder of Blaze Token Mocks LUNC to $1 Campaign

Blaze Token founder makes a mockery of the ongoing LUNC to $1 campaign.

Blaze Token (BLZE) founder Levi Rietveld has mocked the ongoing Terra Classic campaign to revive the LUNC price. In a tweet today, Rietveld tweeted LUNC to $1 and USTC to $10. However, he added a series of “chat laughter” to the tweet.

$LUNC TO $1 HAHAHAHAHAAHAHAHAAHAHAHAHAHAHAHAHAHHAHAHA$USTC TO $10!!!!!!!!!!!!!!!

— Levi (@LeviRietveld) June 26, 2023

The laughing gesture suggests Rietveld sees the campaign to revive Terra Classic as ridiculous. Rietveld’s mocking tweet comes days after LUNC ex-developer Tobias Andersen (Zaradar) mocked the token’s pricing logic in correlation to Bitcoin.

Terra Classic Community Reaffirm Support for LUNC

Despite the mockery, the Terra Classic community has reaffirmed their willingness to continue making efforts to revive LUNC and USTC.

The $LUNC recovery will not be stopped. Smash the like button if you agree! #Crypto #LUNC #LunaClassic #LuncBurn pic.twitter.com/s7ceXRnQe4

— Lunc Rebels (@LuncRebels) June 26, 2023

Meanwhile, some Terra Classic community members believe LUNC can surpass the $1 price target. However, they believe the token cannot achieve the feat under the current leadership and the slow-burning rate.

its have potential to go $12 however not with current team and this slow way of burning, i am out

— Cashyol (@cashyol1) June 26, 2023

Road to Revive LUNC

Notably, the Terra Classic community has embarked on different initiatives to revive the prices of LUNC and USTC. For the community, the most significant step to bolster the tokens’ prices is to reduce their voluminous supply.

According to CoinGecko data, LUNC has a circulating supply of 5.82 trillion tokens. Similarly, USTC has a circulating supply of 9.79 billion tokens. The Terra Classic community plans to revive the values of the tokens via burns and staking.

As reported earlier, the Terra community recently achieved a major milestone following the staking of 1 trillion LUNC tokens. Similarly, the number of LUNC tokens incinerated from the supply has skyrocketed.

According to data from LUNCDash, the community and other entities like Binance have burned a whopping 61.66B LUNC tokens. The burned tokens have been eliminated from the circulating supply forever.

At the time of writing this line, LUNC is trading at $0.00009146, up 0.46% in the past 24 hours. In contrast, USTC is changing hands at $0.01, up 0.5% in the past day.

It bears mentioning that Blaze (BLZE) is a newly-launched hyper-deflationary token that burns vast amounts of Shiba Inu and BLZE via weekly buy-and-sell transactions. Last month, Blaze burned 1.69B SHIB in one transaction.

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• Source: https://thecryptobasic.com/2023/06/26/founder-of-blaze-token-mocks-lunc-to-1-campaign/?utm_source=rss&utm_medium=rss&utm_campaign=founder-of-blaze-token-mocks-lunc-to-1-campaign