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LUNC Price Rally Explodes 20% Ahead of Crucial Network Upgrade Vote

by Ouess
written by Ouess

LUNC Price Rally Ignites as Community Votes on Pivotal Network Upgrade

A powerful LUNC price rally is underway, with Terra Luna Classic (LUNC) exploding over 20% in 24 hours as the community begins voting on a major network upgrade proposal. This surge, extending a 120% two-week tear, is directly tied to a pivotal governance moment that aims to significantly improve the blockchain’s security, performance, and smart contract capabilities.

The Catalyst: Voting Begins on the v3.6.1 Network Upgrade
The rally is fueled by concrete development progress. Proposal 12676, “Upgrade to v3.6.1,” is now live for voting. This upgrade plans to implement critical fixes for legacy contracts, update dependencies, and enhance the network’s CosmWasm smart contract environment. With near-unanimous early support (99.34% in favor), the upgrade is scheduled for block height 26,479,000 around December 18. A successful implementation would mark a crucial step in stabilizing and advancing the Terra Classic chain, directly addressing long-standing community concerns.

Technical Breakout Confirms the Bullish Momentum
This fundamental catalyst is mirrored on the charts. The LUNC price rally has seen the token break key technical barriers, soaring above both its 50-day and 200-day moving averages—a strong bullish signal. The move represents a clean breakout from previous descending trendlines, confirming a shift in market structure. Trading volume is up 15%, indicating strong conviction behind this move. This isn’t speculative pump-and-dump activity; it’s a reaction to a tangible, network-improving event.

LUNC price rally
LUNC Price Source : TradingView

Context: Rally Defies Founder’s Legal Sentencing
Interestingly, this surge occurs against a backdrop of significant legal closure. Terraform Labs co-founder Do Kwon faces a 12-year prison sentence in the U.S. The market appears to be interpreting this as the end of a major overhang, allowing the price to decouple from the founder’s saga and instead reprice based on the chain’s own utility and upgrade trajectory. The community is signaling a focus on building forward.

The appearance of a LUNA t-shirt at a Binance event is not a coincidence At events of this scale, every detail is carefully reviewed: clothing, stage visuals even keywords. No global organization allows such a strong visual signal on stage unless it’s intentional and calculated

My Thoughts
This is a textbook example of price reacting to positive fundamental development. The upgrade vote represents actual progress, not just hype. A successful implementation could improve developer confidence and lay the groundwork for more builds on Terra Classic. However, caution is still warranted given the chain’s history. The real test is post-upgrade stability and whether new utility follows. For now, the LUNC price rally is a legitimate response to a bullish catalyst, but sustainability depends on flawless execution and continued development momentum.

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LUNC price surge
Altcoin

LUNC Price Surge: Parabolic 80% Rally Defies Market Dip

by Ouess
written by Ouess

LUNC Price Surge Ignites with 80% Parabolic Rally Amid Market Turmoil

In a stunning defiance of the broader market trend, Terra Classic (LUNC) is experiencing a parabolic LUNC price surge, rocketing 80% in a single day. This explosive move, which has seen the token’s weekly gain hit 160%, comes amidst a curious mix of viral social attention and a looming legal climax for its infamous founder, Do Kwon. The rally is turning heads, but experts are urging extreme caution.

LUNC Weekly Price Source : CMC

The Catalysts: A Viral T-Shirt and a Final Sentencing
Two key events are fueling this speculative frenzy. First, a clip from Binance Blockchain Week went viral, showing CoinDesk’s Ian Allison wearing an old LUNA-branded t-shirt. In the meme-driven crypto world, this alone acted as a powerful nostalgia trigger, drawing fresh eyeballs and speculative capital to the LUNC ecosystem. Second, and more significantly, the market is anticipating the final chapter in the Do Kwon saga. The Terra co-founder is scheduled for U.S. sentencing on December 11, following his guilty plea for fraud related to the ecosystem’s $40 billion collapse. Some traders are interpreting the impending resolution as a reason to bid, hoping it removes a long-standing overhang.

LUNC Price Source : TradingView

Expert Analysis Urges Extreme Caution
Despite the explosive charts, seasoned market commentators are flashing warning signs. Analyst Brian Rose points out that this LUNC price surge is occurring amid thin overall market liquidity, making such moves prone to extreme volatility and potential manipulation. He notes the activity resembles exchange bots shuffling orders rather than genuine, liquidity-driven buying. The critical test, according to experts, is sustainability: the rally must hold for at least 48 hours without a sharp reversal to be considered a legitimate decoupling from the broader market’s downtrend.

My Thoughts
This is a classic “dead cat bounce” narrative play, amplified by social media and the ghost of crypto past. While the percentage gains are eye-popping, they are occurring on a relatively small market cap, making them easier to manipulate. The Do Kwon sentencing is a closure event, not a fundamental improvement for the Terra Classic chain. Traders should view this as a high-risk, speculative volatility event, not a sign of a sustainable revival. Any positions here are purely tactical gambles, not investments. The real lesson is the power of narrative and memes in a low-liquidity environment.

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Press Release

Terraform Labs Claims Portal Opens: How to Submit Your Claim

by Ouess
written by Ouess

Terraform Labs is launching a claims portal on March 31, 2025, allowing crypto creditors to seek compensation following the company’s bankruptcy. Creditors must submit their claims by April 30, 2025, to be considered for reimbursement. This process aims to help those who suffered financial losses due to the collapse of TerraUSD and other related cryptocurrencies.

Key Dates for Terraform Labs Claims

  • Portal Opens: March 31, 2025, at claims.terra.money
  • Submission Deadline: April 30, 2025, at 11:59 PM ET

Any claims submitted after this date will not be considered. To file a claim, creditors must provide details about their crypto holdings, including wallet addresses or a read-only API key.

https://twitter.com/terra_money/status/1905480354150129947

Required Documentation for Claim Submission

To verify ownership, applicants must submit supporting documents:

  • For Terra ecosystem assets: A verification transaction via the claims portal (free of charge)
  • For centralized exchange assets: A read-only API key
  • Manual data (transaction history/account statements) for those without an API key

Note: Claims supported by manual evidence may take longer to process and have a higher risk of rejection if digital proof is available.

Who Is Eligible for Terraform Labs Claims?

Not all cryptocurrencies qualify for compensation. A list of eligible assets will be available on the claims portal starting March 31, 2025.

Exclusions:

  • Cryptos with on-chain liquidity below $100
  • Assets like Luna 2.0 on Terra 2.0

Creditors should review eligibility criteria carefully before submitting claims. Compensation amounts will be determined based on eligible holdings.

Claim Review and Expected Payouts

  • Initial claim determination: Within 90 days of submission
  • Option to accept or dispute the claim amount
  • First payouts: Expected after August 2025 (exact dates uncertain)
  • Estimated total payout pool: $185M–$442M (not all creditors will receive the full amount)

Claims will be processed on a pro-rata basis. To avoid delays or rejections, creditors must provide accurate and complete information, disclosing any sales, swaps, or staking activities.

Final Thoughts on Terraform Labs Claims

With billions lost in the Terra collapse, this claims process is a crucial step toward compensating affected creditors. If you’re eligible, make sure to submit your claim before April 30, 2025, and provide all required documentation to increase your chances of approval.

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DeFi

Binance Burns 736M LUNC – Can Terra Classic Rebound?

by Ouess
written by Ouess

Binance burned 736 million LUNC in its latest batch, bringing its total contribution to 70.85 billion. The Terra Classic community remains bullish despite price dips.

Binance Burns 736M LUNC—One of Its Lowest to Date

Cryptocurrency exchange Binance has sent 736 million LUNC to a burn address, according to a February 1 burn transaction. This marks one of its lowest burns since launching the LUNC burn mechanism to support the Terra Luna Classic ecosystem.

In its 30th burn batch, Binance burned $87,923 worth of trading fees collected between December 31 and January 30. According to the burn tracker, Binance has now burned a total of 70.85 billion LUNC tokens.

LUNC Burn Surpasses 400 Billion as Community Stays Optimistic

Last month, Binance burned 1.7 billion LUNC, largely due to a spike in trading volume following Terraform Labs’ bankruptcy and token burn activity.

📊 Key Burn Milestones:

  • Binance Total Burns: 70.85 billion LUNC
  • Community-Wide Burns: 400 billion LUNC surpassed

The Terra Classic community remains hopeful for a price resurgence, believing that continued burns and ecosystem growth could drive LUNC higher.

LUNC Price Outlook: Will It Recover?

At the time of writing, LUNC is trading at $0.00005883. Despite the recent price decline, trading volume has jumped 25% in 24 hours, indicating growing interest among traders.

🔹 Analysts’ Price Prediction:

  • A potential rally toward $0.0005 if demand strengthens
  • Community support and burns could push LUNC higher

While LUNC’s price remains volatile, many still believe in a long-term recovery fueled by continued burns and ecosystem development.

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DeFi

Terra Luna Classic Community Rejects Proposal, LUNC Rises 5%

by Ouess
written by Ouess

The Terra Luna Classic (LUNC) community has voted overwhelmingly to reject a proposal from developer group BLV Labs. Despite the setback, LUNC’s price climbed 5% in response to the latest developments.

Why the Proposal Was Rejected

Proposal 12146, submitted by BLV Labs, aimed to secure $5,000 in LUNC from the community pool for work on the blockchain’s governance module. However, nearly 90% of voters opposed it, including prominent validators such as Allnodes, Interstellar Lounge, and Interstake One.

The community argued that BLV Labs did not meet the required standards for governance updates. Specifically, they failed to execute testnet and mainnet deployments, which are essential for validating proposed changes.

Validators noted that while BLV Labs suggested enhancements to the Oracle module to adjust the minimum deposit required for proposals, these claims were not substantiated with sufficient progress. Despite publishing code on GitHub, the group had not completed testing or integration work.

Terra Classic Validators Take Charge

In parallel, the Terra Classic community approved a separate proposal transferring CoinMarketCap dashboard access to validator Allnodes. This move signals a shift in trust and responsibility toward more active contributors within the ecosystem.

LUNC and USTC Prices Surge

Amid the governance drama, LUNC’s price rose 5% in the past 24 hours, trading at $0.000118. Over the last week, LUNC has climbed 15%, with $0.00012 serving as a crucial resistance level. If it surpasses this threshold, LUNC could rally to $0.0002.

Terra Luna Classic’s open interest has also increased by 8%, with strong buying activity observed on Binance and OKX. However, Bybit reported some selling pressure in its 1000LUNC futures contracts.

USTC also experienced a 5% price increase, trading at $0.0245. However, trading volume for USTC fell 31% over the last 24 hours, indicating a lack of sustained momentum.

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Altcoin

Terra Classic Price Rises Amid Massive LUNC Burns and Rally Hopes

by Ouess
written by Ouess

The Terra Classic price has seen a significant surge, aligning with the broader November crypto rally. A key driver behind this bullish momentum is the rising number of LUNC token burns, which reduce supply and fuel investor optimism. With strong market interest and technical indicators pointing upward, traders are eyeing a potential 170% rally for the token.

LUNC Burns Drive Terra Classic’s Growth

Recent efforts to burn LUNC tokens have played a critical role in Terra Classic’s price momentum. Binance recently burned 1 billion LUNC tokens, reigniting market interest. In addition, the Terra Classic Foundation has implemented a strategy to allocate 50% of trading fees toward token buybacks and burns. This approach aims to lower the circulating supply and boost demand.

In the past seven days, 393 million LUNC tokens were burned. Since May 2022, a total of 389.25 billion tokens have been removed from circulation. However, the current supply remains high at 6.51 trillion tokens, with a total supply just above 6.52 trillion.

Can Terra Classic Reach $0.0003?

Over the past month, LUNC price has climbed more than 30%, signaling renewed investor confidence. Currently trading at $0.0001092, the token has experienced slight fluctuations, ranging from $0.0001071 to $0.0001128 in the last 24 hours. Despite minor dips, the coin has maintained an upward trend.

Breaking the current resistance at $0.00019 could pave the way for a rally to $0.00025. Sustained momentum may even push the token toward the highly anticipated $0.0003 mark, representing a 170% price increase.

Bullish Indicators Strengthen Outlook

Technical indicators support the bullish case for LUNC. The Moving Average Convergence Divergence (MACD) has shown a bullish crossover, with the MACD line positioned above the signal line. This trend highlights growing positive sentiment in the market.

Moreover, the recent burns and active trading volume have reinforced optimism. If the cryptocurrency maintains its current trajectory, breaking key resistance levels could result in substantial gains.

Conclusion

The Terra Classic price rally is supported by reduced token supply and rising market participation. While resistance at $0.00019 presents a hurdle, the token’s bullish indicators and strong investor interest suggest a potential 170% rally. Keep an eye on market movements as LUNC continues to gain traction in the crypto space.

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DeFi

Binance Burns 1 Billion LUNC Tokens Amid Terra Classic Optimism

by Ouess
written by Ouess

Crypto giant Binance has burned over 1 billion Terra Luna Classic (LUNC) tokens in its latest burn, part of the 27th batch of the LUNC burn mechanism. With this transaction, the Terra Classic community has now burned nearly 137 billion LUNC tokens in total, fueling speculation about a potential price recovery.

Binance’s 27th LUNC Burn Fuels Community Hopes

In the November 1 transaction, Binance sent 1.048 billion LUNC tokens to the burn address, incurring 5.2 million LUNC in transaction tax costs. The latest burn of $95,073.99 covered trading fees from September 30 to October 30. Binance has now contributed nearly 66.66 billion LUNC tokens to the Terra Classic burn through its monthly mechanism, supporting community efforts to reduce token supply and revive LUNC’s value.

In the previous batch, Binance burned 1.14 billion LUNC tokens. Binance commits to burning 50% of spot and margin trading fees in LUNC each month to back Terra Luna Classic community recovery efforts.

Terra Classic Community Eyes Major LUNC Burns

In two years, the Terra Classic community has burned almost 137 billion LUNC tokens. Members are now hopeful for additional major burns, especially as Terraform Labs may be required to contribute as part of an ongoing bankruptcy court ruling.

LUNC and USTC Price Update

Following the latest burn, LUNC’s price fell by 8% over the last 24 hours, erasing last week’s gains in the wake of a broader crypto market selloff. Currently, LUNC is trading at $0.00008936, with daily highs and lows of $0.00008868 and $0.00009834, respectively. Terra Luna Classic’s trading volume has dropped by 50% over the past 24 hours, signaling fluctuating interest from traders.

Meanwhile, USTC dropped by over 10% in the past day but remains up by 1% for the week. USTC’s price currently sits at $0.0222, with trading volume similarly declining by 50% in the last 24 hours.

Could the Burns Drive a LUNC Price Rally?

As the Terra Classic community rallies around Binance’s consistent burn support, many investors are optimistic that sustained burn actions could fuel a recovery. The big question remains: Will Terraform Labs join the effort with a major burn, boosting LUNC’s value even further? Only time will tell, but the community remains hopeful as token supply reductions continue.

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Altcoin

Binance Burns 1.14B LUNC, Sparking 10% Price Surge

by Ouess
written by Ouess

Binance has burned 1.14 billion Terra Luna Classic (LUNC) tokens, causing a 10% price surge in LUNC and USTC. This burn has reignited hopes for a revival of the Terra Luna Classic ecosystem.

Binance Continues LUNC Burn Initiative

The world’s largest crypto exchange, Binance, has once again shown its commitment to the Terra Luna Classic community. By burning over 1.14 billion LUNC tokens in its 26th burn batch, Binance has bolstered investor confidence. The result? A 10% rise in both LUNC and USTC prices, signaling optimism in the market.

LuncLive validator owner, Mr. Diamondhandz, took to social media platform X to express his appreciation for Binance CEO Changpeng Zhao, stating, “Binance burned 1,142,098,248.09 LUNC! Thank you CZ and company for supporting the LunaClassic community since 2022!” This gratitude highlights the community’s ongoing belief in the potential revival of the Terra Luna Classic ecosystem.

Binance’s Key Role in the LUNC Ecosystem

Since 2022, Binance has been a crucial supporter of LUNC, burning over 64 billion tokens as of September. The LUNC burn mechanism is a vital part of reducing the token’s supply, which could lead to price growth as demand increases. Binance remains the largest contributor to LUNC burns, further cementing its role in the token’s recovery.

LUNC and USTC Prices Rally on Burn Optimism

Binance has ramped up its burn frequency in recent months, completing six burns in September alone. This increased activity has fueled speculation within the Terra Luna Classic community that Binance is intensifying its efforts to revive LUNC’s value. The burn mechanism has led to a rally in both LUNC and USTC prices, reflecting growing market optimism.

At the time of writing, LUNC is trading at $0.00009723, after hitting a 24-hour high of $0.00009944. Similarly, USTC is priced at $0.02433, with trading volume spiking by 65% to $93.54 million. USTC even touched a high of $0.02535 within the last 24 hours, further indicating renewed market confidence. Analysts also predict a potential 40% rally in LUNC following Binance’s latest burn.

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DeFi

Terraform Labs to Liquidate and Burn LUNC by October 30

by Ouess
written by Ouess

Terraform Labs (TFL) and its CEO, Chris Amani, confirmed plans to shut down operations and liquidate assets on October 30, 2024. This follows a bankruptcy court order after the company’s settlement with the SEC.

TFL Plans Shutdown if Negotiations Fail

On September 25, TFL announced ongoing discussions with third-party companies interested in taking over some of its products and services. However, if negotiations fail, TFL will shut down by October 30. The sale includes four key businesses: Enterprise Protocol, Warp Protocol, Station Wallet, and Alliance Hub. Additionally, services like Finder Block Explorer, Foundation, IBC Relayers, and others are up for takeover, though infrastructure challenges may deter potential buyers.

Community to Take Over Chain Maintenance

As TFL wraps up its final update, the company will no longer support future chain upgrades. Maintenance of the Terra Luna Classic blockchain will now be handled by the community. Coincidentally, the shutdown date aligns with the closure of Shuttle Bridge, which will be used to burn tokens like wLUNC in contracts.

LUNA and LUNC Prices Respond to Burn News

As news of TFL’s shutdown spread, the Terra Luna Classic (LUNC) community focused on Binance’s LUNC burn mechanism. Binance recently sent more tokens to the burn address, boosting market sentiment. LUNC’s price rose 2% in the past 24 hours and 10% over the week, now trading at $0.00008775. Trading volume increased by 30%, reflecting growing interest among traders.

Similarly, LUNA’s price saw a 1% increase in the past day, trading at $0.39, with trading volume up 41%. The positive sentiment surrounding Terra’s bankruptcy plan has contributed to this surge, as LUNA’s price rose over 8% in the past week.

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DeFi

Terra Luna Classic Approves Major Proposal Amid LUNC Price Optimism

by Ouess
written by Ouess

The Terra Luna Classic community recently approved a crucial proposal aimed at improving governance and stability. This decision has sparked optimism about a potential rally for LUNC, particularly as Binance continues its token burn initiative.

Terra Luna Classic Approves Governance and Stability Proposal

The Terra Luna Classic blockchain has made significant strides with the approval of a proposal led by BLV Labs. This proposal focuses on enhancing the blockchain’s governance module, addressing key issues such as the volatility of the deposit required to submit proposals.

Currently, creating a proposal on the Terra Luna Classic blockchain requires a deposit of 5 million LUNC. The challenge arises when the price of LUNC fluctuates, making the deposit too high or too low. This instability has caused concerns for the network’s governance.

To solve this, BLV Labs proposes using the Oracle module to automatically adjust the deposit based on LUNC’s current price. This would ensure a stable deposit value of $500, preventing bad actors from submitting spam proposals when LUNC’s price drops significantly.

Community Support and Market Impact

The proposal received overwhelming support, with more than 85% of the votes cast in favor. This shows strong community backing for the changes and has sparked discussions about its potential positive effect on LUNC’s price. Many believe this proposal will help create a more secure and efficient ecosystem, further enhancing confidence in the Terra Luna Classic project.

LUNC Price Outlook: Can It Rally?

At the time of writing, LUNC was up by 1.03%, trading at $0.00008641, with trading volume holding steady at $15.02 million. Despite this price increase, Futures Open Interest dropped by 3.5%, indicating some market caution.

However, the proposal’s approval, coupled with Binance’s ongoing LUNC burn mechanism, has boosted market sentiment. This combination of factors could contribute to a potential price rally for LUNC in the near future.

Additionally, USTC price saw a 3% increase to $0.01828, and LUNA price was up nearly 1% to $0.3884, further reflecting positive market sentiment in the Terra ecosystem.

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