Official Approval of Terra Luna Classic v2.3.2 Upgrade Proposal Triggers 25% Surge in LUNC Price

Official Approval of Terra Luna Classic v2.3.2 Upgrade Proposal Triggers 25% Surge in LUNC Price

Terra Luna Classic Resolves Sequence Mismatch Issue

The Terra Luna Classic community has successfully passed a proposal to address the sequence mismatch issue that was affecting some validators. This problem had resulted in certain accounts being unable to interact with the chain. The community had previously approved a proposal for resolving this issue, but it was later changed to an upgrade proposal for easier implementation by validators and node operators.

Terra Luna Classic Passes v2.3.2 Upgrade Proposal

The Terra Luna Classic community has given full support to Proposal 11890, which is the upgrade to version 2.3.2 aimed at resolving the sequence mismatch issue. The proposal required approval from the community for the on-chain deployment of the terrad client v2.3.1.

According to CoinGape, the binary has been changed to version v2.3.2 (v6_1) to meet the requirements of the upgrade proposal. The chain will halt at block 15751600, which is estimated to occur at 1:18 pm on December 8.

This proposal has received unanimous support from the community, with all 46 participating validators voting “Yes.” This marks the first proposal in several months to receive 100% approval.

LUNC Price Surges by 25%

Stay ahead in the crypto world with our newsletter!

Subscribe now for the latest updates, insights, and trends in the cryptocurrency market.

Terra Luna Classic’s price, LUNC, has experienced a significant rally of 25% in the past 24 hours, currently trading at $0.000140. The price range for the day has been between $0.000114 and $0.000144, with a notable increase in trading volume by 250%. This surge in price is attributed to various factors, including the rise of TerraClassicUSD (USTC), which has seen a 400% increase over the past month.

USTC Price and Binance’s LUNC Burn

USTC, the cryptocurrency associated with Terra Luna Classic, is currently trading at $0.053, showing a 4% increase after a recent rally. The price range for the day has been between $0.0448 and $0.0549, but the trading volume has decreased by 10% in the past 24 hours.

The recent rally in LUNC and USTC prices can be attributed to Binance’s burning of 4 billion LUNC tokens.

Hot Take: Terra Luna Classic Upgrades and Price Surge

Terra Luna Classic’s successful upgrade proposal and resolution of the sequence mismatch issue have demonstrated the community’s unity and commitment to maintaining a reliable blockchain network. This development has also contributed to a significant price surge in LUNC, with a 25% increase in just 24 hours. The rally is further fueled by the rise of USTC and Binance’s token burn. These positive developments indicate growing interest and confidence in Terra Luna Classic among traders and investors.

Author – Contributor at | Website

Gapster Innes emerges as a visionary adeptly blending the roles of crypto analyst, dedicated researcher, and editorial maestro into an intricate tapestry of insight. Amidst the dynamic world of digital currencies, Gapster’s insights resonate like finely tuned harmonies, captivating curious minds from various corners. His talent for unraveling intricate threads of crypto intricacies melds seamlessly with his editorial finesse, transforming complexity into an eloquent symphony of comprehension.

Read Disclaimer
This page is simply meant to provide information. It does not constitute a direct offer to purchase or sell, a solicitation of an offer to buy or sell, or a suggestion or endorsement of any goods, services, or businesses. does not offer accounting, tax, or legal advice. When using or relying on any of the products, services, or content described in this article, neither the firm nor the author is liable, directly or indirectly, for any harm or loss that may result. Read more at Important Disclaimers and at Risk Disclaimers.
Subscribe to our Social Media for Exclusive Crypto News and Insights 24/7!

Email me the hottest Crypto news!

You may also like

Share via
Share via