Why are Luna Classic and USTC going up? Here are the reasons

Terra Luna Classic: Unanimous Approval Boosts LUNC and USTC Prices
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Terra Luna Classic’s upward momentum has reached new heights following the unanimous approval of a crucial proposal by its community.

This milestone focused on resolving a critical sequence mismatch issue by deploying the terrad v2.3.1 client on-chain.

This specific adjustment addresses the validators’ dynamic commission module, overcoming obstacles that previously prevented smooth interaction with the blockchain.

The proposal, identified as Proposition 11885 “Sequence Mismatch Resolution”, received impressive support from the Terra Luna Classic community, with almost 99.96% voting in favor.

Among the most notable validators that supported this initiative are Allnodes, Interstellar Lounge, Orion, StakeBin, JESUSisLORD, and others of equal importance.


The version introduced the dyncomm module, intended to regulate the minimum commissions of validators based on voting power.

However, L1TF leader Vinh Nguyen identified a critical sequence mismatch issue that affected certain validators during commission edits, restricting their participation in the chain.

Why are Luna Classic and USTC going up? Here are the reasons

The quick response of the community to resolve this technical issue not only restored the integrity of the protocol, but also generated a positive effect on the prices of the tokens associated with Terra Luna Classic.

LUNC saw a 25% increase in its value, while USTC climbed a staggering 200%. Simultaneously, LUNA registered an increase of 15% trading at $0.828 according to data from CoinMarketCap.

These price increases are reflected in trading volumes, which have increased significantly in the last 24 hours.

LUNC trading is now around $0.0001121, USTC is trading at $0.05307, according to official data.

This data indicates renewed interest and confidence in Terra Luna Classic-linked coins by investors.

The approval of this proposal not only demonstrates the community’s commitment to the development and improvement of the protocol, but also highlights the ability to react effectively to technical challenges, thus driving value and trust in the Terra Luna Classic ecosystem.


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