LUNC burn rate triples to 1.5%, sparking community optimism and potential price movement.

Terra Luna Classic (LUNC) community approved a proposal to increase the on-chain burn tax from 0.5% to 1.5%, effective August 2, 2026. This 300% increase means more LUNC tokens will be burned during transactions between wallets, with 1.2% burned, 0.15% going to the Community Pool, and 0.15% to the Oracle Pool. The move has strong community support with 96.2% approval and aims to revive the token's value. Price action shows LUNC forming a local double bottom, suggesting potential for a bullish breakout, though overall trading volume remains low amid broader market uncertainty.