$LUNC

Yes, there is a massive token burn of USTC and LUNC. Terraform Labs (TFL) burned 251 billion LUNC and 264 million USTC as part of an agreement with the SEC. This burn is intended to reduce excessive supply and increase token value.

*Details of the burn:*

- 251 billion LUNC (approximately 4% of the total supply)

- 264 million USTC

This caused a price spike for LUNC and USTC, with LUNC rising 2% and USTC increasing by 8%.

However, it's important to remember that the cryptocurrency market is highly volatile, and the final outcome is still uncertain. Be sure to conduct your own research before making any investment decisions.