Terraform Labs (TFL) has taken a bold step in its ongoing regulatory journey by executing a large-scale burn of 251 billion Terra Luna Classic (LUNC) and 264 million TerraClassicUSD (USTC) tokens. This significant move comes as part of a settlement agreement with the U.S. Securities and Exchange Commission (SEC), mandating TFL to eliminate specific assets held within its Shuttle Bridge wallets. The token burn, which removed approximately 4% of LUNC's total supply of around 5.45 trillion tokens, has ignited speculation within the cryptocurrency community about a potential rally, with many discussing the feasibility of LUNC reaching the coveted $1 mark.