The Terra Luna Classic (LUNC) community unanimously accepted a proposal to solve the sequence dispute issue affecting some validators. The sequence dispute issue was a significant problem as it prevented certain accounts from conducting more transactions on the Terra Luna Classic Blockchain. The community had already greenlit a proposal to resolve the sequence dispute issue, but validators and the core developer L1TF decided to convert it into an update proposal. This will automatically halt the Terra Luna Classic Blockchain, facilitating the implementation of changes by validators and node operators.
Terra Luna Classic v2.3.2 Update Proposal Accepted
The update to v2.3.2 (proposal for solving the sequence dispute issue), numbered 11890, received full support from participants of the Terra Luna Classic community. The proposal required community approval for the on-chain deployment of the terrad client v2.3.1. Due to its requirements, the binary update was changed to version v2.3.2 (v6_1). The Blockchain will halt with current data on December 8th at 16:19 TRT at block 15751600, after which the update will be applied to the network.
The proposal saw full support with a 100% “Yes” vote from the community. In this regard, it became the first proposal to be approved with a 100% rate in the past few months.
The voting that saw a unanimous yes vote included top-level validators among the 46 participants such as Allnodes, Interstellar Lounge, Interstake One, StakeBin, JESUSisLORD.
LUNC’s Price Increases by 90% in the Last Week
While these developments occur on the Blockchain side, LUNC’s price has seen an impressive rally of over 115% in the last month and 90% in the last week, grabbing the attention of the crypto world. This rally was triggered by a 400% rally in TerraClassicUSD (USTC) over the last month. News of Mint Cash and the introduction of USTC futures by the major crypto exchange Binance, along with new USTC trading pairs listed, were triggers for the price rise of both altcoins. Another significant trigger for the price increase was Binance burning 4 billion LUNC tokens.
LUNC’s price has increased by 25% in the last 24 hours and is currently trading at $0.000140. The lowest and highest price levels in the last 24 hours were $0.000114 and $0.000144, respectively. Additionally, the trading volume of the altcoin has increased by 250% in the last 24 hours, indicating growing interest among investors.
With its price increasing by 90% in the last week and Bitcoin (BTC) surpassing the $39,000 level, there is speculation that the rise in LUNC could continue. Furthermore, USTC’s price is currently trading at $0.053, up over 4% after its significant rally this week. The lowest and highest price levels of USTC in the last 24 hours were $0.0448 and $0.0549, respectively. On the other hand, USTC’s trading volume has dropped by 10% in the last 24 hours.