The Terra Luna Classic community unanimously approved a proposal to address the sequence mismatch problem that was affecting certain validators and restricting interactions with the chain. Initially proposed as a resolution for the sequence mismatch issue, this proposal evolved into an upgrade proposal, simplifying implementation for validators and node operators by enabling automatic halts during changes.
Terra Luna Classic successfully passed Proposal 11890, “Upgrade to v2.3.2 (Sequence Mismatch Issue Resolution),” gaining complete community support for the deployment of the terrad client v2.3.1 on-chain. The binary version has been updated to v2.3.2 (v6_1) as required by the upgrade proposal, scheduling a chain halt at block 15751600 around 1:18 pm on December 8, according to countdown data.
This proposal marked a significant milestone, securing unanimous community support with a 100% “Yes” vote, a rare occurrence in recent months. All 46 participating validators, including top ones like Allnodes, Interstellar Lounge, Interstake One, StakeBin, JESUSisLORD, and others, voted in favor of the proposal.
Terra Luna Classic experienced a remarkable rally of over 115% in a month and 88% in a week. This surge was propelled by TerraClassicUSD’s (USTC) impressive 400% surge in a month, following Mint Cash’s news and the launch of USTC perpetual contracts on Binance, along with new USTC trading pairs.
In the last 24 hours, LUNC price surged by 25%, currently trading at $0.000140, with a low and high of $0.000114 and $0.000144, respectively. Moreover, trading volume surged by 250% in the same period, indicating increased trader interest.
Meanwhile, USTC is trading at $0.053, up over 4% after a substantial weekly rally. The 24-hour range for USTC is between $0.0448 and $0.0549, but trading volume dipped by 10% in the past day.
The recent uptrend in LUNC and USTC prices was triggered by Binance’s burning of 4 billion LUNC tokens.
