The Terra Luna Classic (LUNC) community has nearly approved a proposal aimed at providing access to relevant accounts and control panels managed by Terraform Labs (TFL). Following this development, an upward trend has been observed in the prices of LUNC and USTC as they break through resistance levels.
Community Approval
Proposal number 12141, titled “Transactions Related to CoinMarketCap and Other Lists,” has been nearly accepted by the Terra Luna Classic community. This proposal targets enabling TFL’s access to CoinMarketCap and other aggregators listed under Terra Classic. As the only entity holding the keys to the relevant control panels for changing websites, social media, and other information concerning LUNC and USTC, the bankrupt company plays a crucial role.
TFL is not expected to make alteration requests related to LUNC and USTC on CoinMarketCap and other crypto exchanges after October 31. Since it seems unlikely that TFL will gain access to the terra.money domain or the official Terra Money X account, the community aims to resolve unwanted issues by requesting access to the CoinMarketCap control panels and potential other chain information management panels.
Price Increases
Amid these significant developments, the price of LUNC has risen by 2% in the last 24 hours, currently trading at $0.00009136. The 24-hour low and high prices were $0.00008905 and $0.00009181, respectively. Additionally, trading volume increased by 15% over the last 24 hours, indicating a growing interest among traders.
According to Coinglass data, open positions of 1000 LUNC on Binance and Bybit saw an increase of over 3% in the last 24 hours. This indicates that derivative traders are actively showing interest in Terra Luna Classic.
On the other hand, the price of USTC has seen an increase of over 4%, currently trading at $0.02199. The trading volume within 24 hours has risen by 32%.
These developments are regarded as significant steps for the Terra Luna Classic community in strengthening their future strategies and adapting to market dynamics.
