In a recent breakthrough, the Terra Luna Classic community came together to pass a pivotal proposal—11890 ‘Upgrade to v2.3.2’. The proposal aimed at addressing a sequence mismatch issue that had been plaguing some validators within the ecosystem. This resolution didn’t just bring relief to the affected accounts but also sparked a remarkable 25% surge in the price of LUNC tokens.

The sequence mismatch problem had been a persistent concern, causing certain accounts to face restrictions in their interactions with the chain. However, with the approval of Proposal 11890, the community set the stage for a transformative upgrade.

Originally proposed as the ‘Sequence Mismatch Issue Resolution’, this proposal underwent a crucial transformation as validators and core developer L1TF opted to rebrand it into an upgrade proposal. This strategic move aimed to facilitate smoother implementation for validators and node operators, ensuring a seamless transition as the chain automatically halts for necessary updates.

Unanimous Support for Terra Luna Classic v2.3.2 Upgrade

The successful passage of Proposal 11890, titled “Upgrade to v2.3.2 (Sequence Mismatch Issue Resolution)”, received resounding backing from the Terra Luna Classic community. The proposal mandated on-chain deployment of the terrad client v2.3.1.

However, noteworthy changes surfaced with the binary’s version shifting to v2.3.2 (v6_1) to align with the prerequisites of an upgrade proposal. Scheduled to halt at block 15751600 around 1:18 pm on December 8, this upgrade ushers in anticipatory excitement.

A testament to its popularity, the proposal garnered an unprecedented 100% ‘Yes’ vote from the community, marking a significant milestone—becoming the first proposal in months to attain unanimous support.

Participation from 46 validators proved instrumental, with top validators like Allnodes, Interstellar Lounge, Interstake One, StakeBin, JESUSisLORD, and others wholeheartedly endorsing the upgrade.

LUNC Price Surges by 25%

The recent surge in Terra Luna Classic’s price marked an extraordinary rally, witnessing a staggering 115% surge within a month and an 88% increase in just a week. This impressive rally found its catalyst in TerraClassicUSD (USTC), skyrocketing by a whopping 400% in a month. Additional momentum surged forth from Mint Cash news, Binance’s launch of USTC perpetual contracts, and the introduction of new USTC trading pairs, driving the recent price surge.

Meanwhile, the market response has been nothing short of spectacular. Terra Luna Classic has experienced an extraordinary rally, surging over 115% in a month and an impressive 88% within a week. This upward trajectory was instigated by the astounding 400% leap of TerraClassicUSD (USTC) in a month. The recent surge in prices can also be attributed to the Mint Cash news and the introduction of USTC perpetual contracts on Binance, accompanied by the unveiling of new USTC trading pairs.

LUNC witnessed an extraordinary 25% spike in value over the last 24 hours, currently trading at $0.000140, with a range between $0.000114 and $0.000144. The trading volume surged by a staggering 250% in the same duration, signaling a heightened interest among traders in the potential of this cryptocurrency.

Following these developments, the price of LUNC experienced a notable 25% surge within a 24-hour period, currently trading at $0.000140. The price fluctuations ranged from $0.000114 to $0.000144, signifying increased trading activity with a 250% surge in trading volume—an indication of heightened trader interest.

Meanwhile, USTC also made waves, trading at $0.053, displaying a commendable 4% rise post a significant rally during the week. Its price oscillated between $0.0448 and $0.0549, although the trading volume experienced a marginal 10% decline over the past 24 hours.