LUNC
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Pundit Highlights How Terraform Labs Shutdown Would Boost LUNC Growth
Derek (@kimmyboy2), has shared his thoughts on the recent developments around Terraform Labs, the company behind Terra Classic (LUNC) and the broader LUNA ecosystem.
Following a $4.47 billion settlement with the U.S. Securities and Exchange Commission, Terraform Labs will cease operations and transfer control of the ecosystem to the community. Derek shared a picture of the post made by Chris Amani, CEO of Terraform Labs, who announced the next steps on X.
A Potential Silver Lining
Derek points to the burning of all unvested Luna tokens held by Terraform Labs as a potential catalyst for LUNC’s growth. LUNC works with a deflationary model where the community uses token burns to reduce the overall supply of LUNC, potentially leading to increased scarcity and, theoretically, a higher price per token.
However, Derek acknowledges the negative aspects of the situation. He mentions the recent lawsuit loss by Terraform Labs, which adds uncertainty to the project’s future. Although early news of the settlement caused a small price surge, the positive sentiment has soured. This loss could potentially deter investors from entering the LUNC market.
Despite the lawsuit, Derek argues that the combined effect of the Terraform Labs shutdown and token burning could outweigh the negative sentiment. He emphasizes the potential for “investor inflow” into LUNC, suggesting that users who previously held LUNA with Terraform Labs might migrate to LUNC.
Derek predicts a scenario of rapid price volatility for LUNC, with the potential for significant price increases. He suggests that a decision by major cryptocurrency exchanges, such as Binance, regarding the future of Luna 2.0 could significantly impact LUNC’s price movement.
If former LUNA holders turn to LUNC as Derek expects, the investor inflow combined with the massive token burn could significantly benefit LUNC. These events would cause the demand for the remaining tokens to increase, driving up the price.
Is LUNC Going Up?
It’s important to note that cryptocurrency markets are complex and influenced by various factors beyond supply and demand. Regulatory decisions, market sentiment, and broader economic conditions can all initiate price fluctuations.
While Derek’s prediction of a rapid price rise for LUNC is optimistic, investors must conduct thorough research and due diligence before making investment decisions. However, after a prolonged battle with low prices, this event, though it’s negative on the surface, could benefit LUNC in the long term. Analysts have predicted huge rallies, and this could help LUNC achieve them.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Terraform #LUNC
Following a $4.47 billion settlement with the U.S. Securities and Exchange Commission, Terraform Labs will cease operations and transfer control of the ecosystem to the community. Derek shared a picture of the post made by Chris Amani, CEO of Terraform Labs, who announced the next steps on X.
A Potential Silver Lining
Derek points to the burning of all unvested Luna tokens held by Terraform Labs as a potential catalyst for LUNC’s growth. LUNC works with a deflationary model where the community uses token burns to reduce the overall supply of LUNC, potentially leading to increased scarcity and, theoretically, a higher price per token.
However, Derek acknowledges the negative aspects of the situation. He mentions the recent lawsuit loss by Terraform Labs, which adds uncertainty to the project’s future. Although early news of the settlement caused a small price surge, the positive sentiment has soured. This loss could potentially deter investors from entering the LUNC market.
Despite the lawsuit, Derek argues that the combined effect of the Terraform Labs shutdown and token burning could outweigh the negative sentiment. He emphasizes the potential for “investor inflow” into LUNC, suggesting that users who previously held LUNA with Terraform Labs might migrate to LUNC.
Derek predicts a scenario of rapid price volatility for LUNC, with the potential for significant price increases. He suggests that a decision by major cryptocurrency exchanges, such as Binance, regarding the future of Luna 2.0 could significantly impact LUNC’s price movement.
If former LUNA holders turn to LUNC as Derek expects, the investor inflow combined with the massive token burn could significantly benefit LUNC. These events would cause the demand for the remaining tokens to increase, driving up the price.
Is LUNC Going Up?
It’s important to note that cryptocurrency markets are complex and influenced by various factors beyond supply and demand. Regulatory decisions, market sentiment, and broader economic conditions can all initiate price fluctuations.
While Derek’s prediction of a rapid price rise for LUNC is optimistic, investors must conduct thorough research and due diligence before making investment decisions. However, after a prolonged battle with low prices, this event, though it’s negative on the surface, could benefit LUNC in the long term. Analysts have predicted huge rallies, and this could help LUNC achieve them.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Terraform #LUNC
Terra Luna Classic проведет АМА X 18 июня
Terra Luna Classic проведет АМА X 18 июня в 15:00 UTC. Мероприятие предоставит возможность углубиться в детали последних событий и понять, что ждет Terra Luna Classic впереди.
Обратитесь к официальному твиту LUNC
Terra — это протокол блокчейна для глобальных платежных систем, в котором используются стейблкоины, привязанные к бумажным валютам.
#LUNC #TerraLunaClassic #ama #ЛюбимыйТокен #AirdropGuide
$LUNC
Terra Luna Classic проведет АМА X 18 июня в 15:00 UTC. Мероприятие предоставит возможность углубиться в детали последних событий и понять, что ждет Terra Luna Classic впереди.
Обратитесь к официальному твиту LUNC
Terra — это протокол блокчейна для глобальных платежных систем, в котором используются стейблкоины, привязанные к бумажным валютам.
#LUNC #TerraLunaClassic #ama #ЛюбимыйТокен #AirdropGuide
$LUNC
#LUNC #LUNA
Buy now at the current price and double your investment in the next 18 day’s.
Minimum 4million LUNC can make u millionaire.
$500 USDT is enough to make you 🤑 rich.
0.00009 current price which will rise up to 0.00015 almost double in a month and you can sell half the coin and keep other coin until it reaches ₹0.50 and boom you are millionaire.
You can see the trend in each quarter and analyse accordingly your investment.
I BOUGHT 2.5 million at 0.000092 and I am sure LUNC going to be bullish in few weeks.
Buy now at the current price and double your investment in the next 18 day’s.
Minimum 4million LUNC can make u millionaire.
$500 USDT is enough to make you 🤑 rich.
0.00009 current price which will rise up to 0.00015 almost double in a month and you can sell half the coin and keep other coin until it reaches ₹0.50 and boom you are millionaire.
You can see the trend in each quarter and analyse accordingly your investment.
I BOUGHT 2.5 million at 0.000092 and I am sure LUNC going to be bullish in few weeks.
#LUNC Price: Do Kwon’s Exit Could Revive Terra Classic’s Push To $1 Target.
LUNC price has experienced notable volatility over the past 24 hours. After a bearish downturn, the price is hovering below the $0.0001 resistance level. At the time of writing, Terra Classic price is trading at $0.00009903, with a dip of 3%, according to CoinMarketData.
The market cap has seen a slight decline of 3%, at $574.24 million and ranking 119 on the data. The 24-hour trading volume also surged by 35% to $24 million, indicating heightened activity.
#CPIAlert
#AirdropGuide
#BTC
LUNC price has experienced notable volatility over the past 24 hours. After a bearish downturn, the price is hovering below the $0.0001 resistance level. At the time of writing, Terra Classic price is trading at $0.00009903, with a dip of 3%, according to CoinMarketData.
The market cap has seen a slight decline of 3%, at $574.24 million and ranking 119 on the data. The 24-hour trading volume also surged by 35% to $24 million, indicating heightened activity.
#CPIAlert
#AirdropGuide
#BTC
Luna Classic Price Might Be Getting Ready for an 8% Rally
The Luna Classic price has printed a series of higher lows on the 4-hour chart over the past 12 hours. As a result of this positive sequence, a symmetrical triangle pattern has emerged on LUNC’s chart as the altcoin attempts to escape the negative channel that has emerged.
This specific pattern suggests that a breakout might soon ensue. However, to try and gauge in which direction the Luna Classic price could move, traders will look to technical indicators.
Both the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) indicators are on the verge of triggering major bullish technical flags. This suggests that $LUNC might explode to the upside in the short term.
Should bulls take control, the Luna Classic price could look to flip the resistance level at $0.00009622 into support. Overcoming this barrier will then give the altcoin a technical foundation to continue climbing in the following few days.
#LUNC might look to rise to the next major resistance level at $0.00010014 as a result. Enough buy pressure should the Luna Classic price reach this threshold could then lead to the crypto rising to as high as $0.00010444 in the short term.
On the other hand, a price breakdown might see the Luna Classic price plunge to the immediate resistance level at $0.00009000 in the following 24 hours. #LunaClassic #Altcoinseason2024 #altcoins
The full analysis and trade strategy were originally posted on ecoinimist.com.
The Luna Classic price has printed a series of higher lows on the 4-hour chart over the past 12 hours. As a result of this positive sequence, a symmetrical triangle pattern has emerged on LUNC’s chart as the altcoin attempts to escape the negative channel that has emerged.
This specific pattern suggests that a breakout might soon ensue. However, to try and gauge in which direction the Luna Classic price could move, traders will look to technical indicators.
Both the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) indicators are on the verge of triggering major bullish technical flags. This suggests that $LUNC might explode to the upside in the short term.
Should bulls take control, the Luna Classic price could look to flip the resistance level at $0.00009622 into support. Overcoming this barrier will then give the altcoin a technical foundation to continue climbing in the following few days.
#LUNC might look to rise to the next major resistance level at $0.00010014 as a result. Enough buy pressure should the Luna Classic price reach this threshold could then lead to the crypto rising to as high as $0.00010444 in the short term.
On the other hand, a price breakdown might see the Luna Classic price plunge to the immediate resistance level at $0.00009000 in the following 24 hours. #LunaClassic #Altcoinseason2024 #altcoins
The full analysis and trade strategy were originally posted on ecoinimist.com.
Terra Classic Disburses 256 Million LUNC For Development Work
The Terra Classic community has approved a proposal by Genuine Labs, a developer group, to disburse 256 million LUNC (worth $30,000) for development work completed over the past few months.
The proposal, numbered 12113, outlined various tasks undertaken by Genuine Labs, including upgrading the Terra Classic core to sdk47, preventing p2p storms, and updating relevant dependencies.
Community Endorsement
The proposal received an impressive 99.93% votes from community members and validators, with all 46 participating validators supporting the community pool spending proposal. This unanimous approval demonstrates the community’s trust in Genuine Labs’ contributions to the project’s growth and development.
Development Milestones
Genuine Labs has successfully implemented several critical upgrades, including the Terra Classic v3.0.1 upgrade equipped with Security Upgrade Packages. Additionally, they fixed the dyncomm decorator and handled p2p storm attacks on the Terra Luna Classic chain, ensuring improved security and stability.
Current Terra Classic (LUNC) Status
Following the disbursement of 256 million LUNC to Genuine Labs, the Terra Luna Classic community currently holds 5.23 billion LUNC. The community’s decision to invest in development work reflects their commitment to the project’s long-term success.
Despite the community’s positive developments, the price of LUNC has experienced a slight downturn. According to data from CoinMarketCap, the token has experienced a 5.45% price decline in the last 24 hours and is currently trading at $0.0001006.
However, derivatives trading data indicates increased buying activity, suggesting traders are optimistic about the project’s future. Meanwhile, USTC price fell over 3.52% to $0.02063, with a notable 67% increase in trading volume.
Terra Classic’s Focus on Security and Scalability
Terra Luna Classic has prioritized security and scalability in its development roadmap, aiming to create a robust, efficient, and reliable blockchain ecosystem. The community’s approval of the proposal demonstrates their strong support for Genuine Labs’ efforts in achieving these goals.
The continuous implementation of upgrades and security measures will positively impact the Terra ecosystem, attracting more developers, users, and projects to the platform. As Terra Classic continues to evolve and mature, it is expected to play a significant and influential role in the broader Terra ecosystem, driving adoption, innovation, and growth
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#TerraClassic #LUNC
The proposal, numbered 12113, outlined various tasks undertaken by Genuine Labs, including upgrading the Terra Classic core to sdk47, preventing p2p storms, and updating relevant dependencies.
Community Endorsement
The proposal received an impressive 99.93% votes from community members and validators, with all 46 participating validators supporting the community pool spending proposal. This unanimous approval demonstrates the community’s trust in Genuine Labs’ contributions to the project’s growth and development.
Development Milestones
Genuine Labs has successfully implemented several critical upgrades, including the Terra Classic v3.0.1 upgrade equipped with Security Upgrade Packages. Additionally, they fixed the dyncomm decorator and handled p2p storm attacks on the Terra Luna Classic chain, ensuring improved security and stability.
Current Terra Classic (LUNC) Status
Following the disbursement of 256 million LUNC to Genuine Labs, the Terra Luna Classic community currently holds 5.23 billion LUNC. The community’s decision to invest in development work reflects their commitment to the project’s long-term success.
Despite the community’s positive developments, the price of LUNC has experienced a slight downturn. According to data from CoinMarketCap, the token has experienced a 5.45% price decline in the last 24 hours and is currently trading at $0.0001006.
However, derivatives trading data indicates increased buying activity, suggesting traders are optimistic about the project’s future. Meanwhile, USTC price fell over 3.52% to $0.02063, with a notable 67% increase in trading volume.
Terra Classic’s Focus on Security and Scalability
Terra Luna Classic has prioritized security and scalability in its development roadmap, aiming to create a robust, efficient, and reliable blockchain ecosystem. The community’s approval of the proposal demonstrates their strong support for Genuine Labs’ efforts in achieving these goals.
The continuous implementation of upgrades and security measures will positively impact the Terra ecosystem, attracting more developers, users, and projects to the platform. As Terra Classic continues to evolve and mature, it is expected to play a significant and influential role in the broader Terra ecosystem, driving adoption, innovation, and growth
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#TerraClassic #LUNC
Terraform Labs’ Settlement Proposal: A New Chapter for #LUNC
In a significant development, Terraform Labs is reportedly poised to offer a settlement amounting to approximately $200 million for CEO Do Kwon. This move comes as part of a broader settlement proposal, where Terraform Labs is prepared to allocate a staggering $4.47 billion to address outstanding liabilities.
The cryptocurrency community eagerly awaits the decision of Judge Rakoff, whose approval of this agreement could mark the beginning of a transformative era for $LUNC . This proposed settlement has the potential to turn the page on previous challenges, ushering in a fresh start for the token and its holders.
Stay tuned as we continue to monitor this evolving story, which could have far-reaching implications for the future of $USTC , $LUNC , and $LUNA .
#BTC #bitcoin #ETHETFsApproved #TopCoinsJune2024
In a significant development, Terraform Labs is reportedly poised to offer a settlement amounting to approximately $200 million for CEO Do Kwon. This move comes as part of a broader settlement proposal, where Terraform Labs is prepared to allocate a staggering $4.47 billion to address outstanding liabilities.
The cryptocurrency community eagerly awaits the decision of Judge Rakoff, whose approval of this agreement could mark the beginning of a transformative era for $LUNC . This proposed settlement has the potential to turn the page on previous challenges, ushering in a fresh start for the token and its holders.
Stay tuned as we continue to monitor this evolving story, which could have far-reaching implications for the future of $USTC , $LUNC , and $LUNA .
#BTC #bitcoin #ETHETFsApproved #TopCoinsJune2024
In a $4.47 billion deal with the SEC, Terraform will end a legal battle
Do Kwon, co-founder of Terraform, and the company have settled with the SEC for $4.47 billion.
A $3.58 billion discharge fee and a $420 million civil penalty are part of the settlement.
Following an 11% decline over the last week, LUNC is up 2%.
On Wednesday, Terraform Labs and the Securities and Exchange Commission (SEC) settled their civil fraud case for $4.47 billion.
Terraform Labs and its co-founder, Do Kwon, have settled a case filed by the SEC alleging that they violated securities laws. The business was responsible for the LUNA and TerraUSD projects, both of which were unsuccessful. The SEC's filing earlier today with the US District Court of New York is the basis for the story.
To learn more about how Do Kwon and Terraform Labs were implicated in deceiving investors before to the UST stablecoin crash, read here.
In all, the corporation will have to fork out $4.47 billion to resolve the case, with $3.5 billion going toward disgorgement and $466 million for pre-judgment interest. Additionally, Do Kwon was assessed a settlement cost of $204 million.
Kwon and Terraform Labs would also be barred from purchasing or selling cryptocurrency assets, including Terra ecosystem tokens, as part of the settlement agreement.
Accusations of violating securities laws via unregistered sales of stocks were leveled against Terraform and Do Kwon by the SEC in February 2023. Additionally, they were said to have utilized their stablecoin to deceive investors.
Following a year of litigation, the parties reached a settlement agreement in May and will now wait for the district court to approve the settlement before making any more payments.
As of this writing, Terra Luna Classic (LUNC) has risen 3.73 percent since the settlement. This may be because the community is demanding a new burn tax distribution plan, which has just been proposed. After falling 11% last week, the token is now making a comeback.
#LUNC #LUNA #TerraLabs $LUNC
Do Kwon, co-founder of Terraform, and the company have settled with the SEC for $4.47 billion.
A $3.58 billion discharge fee and a $420 million civil penalty are part of the settlement.
Following an 11% decline over the last week, LUNC is up 2%.
On Wednesday, Terraform Labs and the Securities and Exchange Commission (SEC) settled their civil fraud case for $4.47 billion.
Terraform Labs and its co-founder, Do Kwon, have settled a case filed by the SEC alleging that they violated securities laws. The business was responsible for the LUNA and TerraUSD projects, both of which were unsuccessful. The SEC's filing earlier today with the US District Court of New York is the basis for the story.
To learn more about how Do Kwon and Terraform Labs were implicated in deceiving investors before to the UST stablecoin crash, read here.
In all, the corporation will have to fork out $4.47 billion to resolve the case, with $3.5 billion going toward disgorgement and $466 million for pre-judgment interest. Additionally, Do Kwon was assessed a settlement cost of $204 million.
Kwon and Terraform Labs would also be barred from purchasing or selling cryptocurrency assets, including Terra ecosystem tokens, as part of the settlement agreement.
Accusations of violating securities laws via unregistered sales of stocks were leveled against Terraform and Do Kwon by the SEC in February 2023. Additionally, they were said to have utilized their stablecoin to deceive investors.
Following a year of litigation, the parties reached a settlement agreement in May and will now wait for the district court to approve the settlement before making any more payments.
As of this writing, Terra Luna Classic (LUNC) has risen 3.73 percent since the settlement. This may be because the community is demanding a new burn tax distribution plan, which has just been proposed. After falling 11% last week, the token is now making a comeback.
#LUNC #LUNA #TerraLabs $LUNC
#Write2earn
TERRA TOKENS RALLY: LUNA AND LUNC SEE BULLISH TRENDS AMID POSITIVE SEC NEWS
#TerraLab #SEC #LUNA #LUNC $LUNA $LUNC
After two years of decline, Terra tokens (LUNA and LUNC) are seeing a significant resurgence driven by positive SEC case developments.
Investor Optimism
Terra tokens are sparking investor hope with current bullish trends suggesting potential gains for LUNA and LUNC holders. The anticipated altcoin season could further boost their value.
Price Surge Analysis
LUNA: After a 97.13% drop from its peak, LUNA recently surged to $0.5973 before settling at $0.5429. It now ranks 150th on CoinMarketCap with a market cap of $415.8 million and a 102% increase in trading volume to $61.7 million.
LUNC: Facing a 99.99% drop since its peak, LUNC is currently priced at $0.0001027, up 1.18% from yesterday. Its market cap is $594.1 million with a 40% increase in trading volume to $37 million.
Reasons for the Increase
The broader crypto market turned bullish after the CPI data release, aiding the recovery of Bitcoin and sparking a surge in LUNA and LUNC.
Positive SEC settlement news and ongoing upgrades in the Terra Luna Classic network have boosted investor sentiment.
Technical Indicators
Technical indicators show a strong buying zone for LUNA, with the RSI at 57.26, indicating a healthy presence of buyers.
Conclusion
The recent surge in Terra tokens, fueled by positive SEC news and market conditions, offers a hopeful outlook for investors. With the altcoin season approaching, LUNA and LUNC may continue to see significant gains.
TERRA TOKENS RALLY: LUNA AND LUNC SEE BULLISH TRENDS AMID POSITIVE SEC NEWS
#TerraLab #SEC #LUNA #LUNC $LUNA $LUNC
After two years of decline, Terra tokens (LUNA and LUNC) are seeing a significant resurgence driven by positive SEC case developments.
Investor Optimism
Terra tokens are sparking investor hope with current bullish trends suggesting potential gains for LUNA and LUNC holders. The anticipated altcoin season could further boost their value.
Price Surge Analysis
LUNA: After a 97.13% drop from its peak, LUNA recently surged to $0.5973 before settling at $0.5429. It now ranks 150th on CoinMarketCap with a market cap of $415.8 million and a 102% increase in trading volume to $61.7 million.
LUNC: Facing a 99.99% drop since its peak, LUNC is currently priced at $0.0001027, up 1.18% from yesterday. Its market cap is $594.1 million with a 40% increase in trading volume to $37 million.
Reasons for the Increase
The broader crypto market turned bullish after the CPI data release, aiding the recovery of Bitcoin and sparking a surge in LUNA and LUNC.
Positive SEC settlement news and ongoing upgrades in the Terra Luna Classic network have boosted investor sentiment.
Technical Indicators
Technical indicators show a strong buying zone for LUNA, with the RSI at 57.26, indicating a healthy presence of buyers.
Conclusion
The recent surge in Terra tokens, fueled by positive SEC news and market conditions, offers a hopeful outlook for investors. With the altcoin season approaching, LUNA and LUNC may continue to see significant gains.
About an hour ago there is $BTC massive selling despite US PPI show deprecated value & Jobless Claim had increase that effecting Gold Market to going up
Usually when Gold Market is up, Crypto market should going up too but about an hour ago it was different that had going outside of my predictions so I try to find out what happened
Based on what I had found it's seem Jane Street had ignite BTC massive selling, successful creating PANIC selling in crypto market that also affecting other coins in my watch list #BOME #FLOKI #LUNC #PEPE #NOT and I had informing this in my group first before I'm deciding to share it in Binance Square
Right now it seem everything has going back to it track while Jane Street still do BTC selling
As always DYOR
God bless
Usually when Gold Market is up, Crypto market should going up too but about an hour ago it was different that had going outside of my predictions so I try to find out what happened
Based on what I had found it's seem Jane Street had ignite BTC massive selling, successful creating PANIC selling in crypto market that also affecting other coins in my watch list #BOME #FLOKI #LUNC #PEPE #NOT and I had informing this in my group first before I'm deciding to share it in Binance Square
Right now it seem everything has going back to it track while Jane Street still do BTC selling
As always DYOR
God bless
Terra Luna Classic Transfers 256 Million LUNC Tokens to Genuine Labs
In a significant move for the Terra Luna Classic community, 256 million LUNC tokens have been allocated to Genuine Labs. This allocation is aimed at funding crucial blockchain upgrades and enhancing security measures.
The Terra Luna Classic community recently approved a substantial development funding initiative, directing resources from their community pool to support Genuine Labs. This decision involved transferring 256 million LUNC tokens, aimed at bolstering and advancing the blockchain’s capabilities and overall functionality.
Terra Luna Classic Community Approves Major Funding for Genuine Labs
In a decisive move, the Terra Luna Classic community has endorsed a substantial funding proposal by Genuine Labs. This initiative aims to upgrade the Terra Classic core to sdk47, mitigate p2p storms, and update critical dependencies to enhance platform security and functionality.
The approved proposal, titled “Genuine Labs’s Community Spend Proposal” (Proposal 12113), has resulted in the allocation of over 256 million LUNC tokens from the community pool to Genuine Labs. This allocation, valued at nearly $30,000, underscores the community’s dedication to advancing the Terra Luna Classic ecosystem through strategic development efforts.
Terra Luna Classic Community Supports Genuine Labs with Overwhelming Majority
The Terra Luna Classic community has shown strong support for Genuine Labs, with an impressive 99.93% of votes cast in favor of the developer group’s funding proposal. Notably, all 46 participating validators, including prominent names like Allnodes, Interstellar Lounge, and Interstake One, endorsed the initiative. As a result, Genuine Labs received over 256 million LUNC tokens from the community pool, boosting resources for key platform upgrades.
Following the disbursement, the community pool now holds 5.23 billion LUNC tokens, reflecting ongoing community commitment to the development and enhancement of Terra Luna Classic.
Market Performance and Price Trends
Despite positive community developments, LUNC has faced downward pressure in its price. Currently trading at $0.0001068, LUNC’s value has decreased by 0.70% over the last 24 hours. The cryptocurrency’s 24-hour trading range saw a low of $0.0001052 and a high of $0.0001093. Additionally, trading volume experienced a slight decline, indicating cautious market sentiment ahead of the upcoming Federal Open Market Committee (FOMC) meeting.
In contrast, USTC’s price has fallen by over 1%, now trading at $0.02128. However, its trading volume surged by 40%, suggesting active trading interest despite market uncertainties.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#TerraClassic #LUNC
The Terra Luna Classic community recently approved a substantial development funding initiative, directing resources from their community pool to support Genuine Labs. This decision involved transferring 256 million LUNC tokens, aimed at bolstering and advancing the blockchain’s capabilities and overall functionality.
Terra Luna Classic Community Approves Major Funding for Genuine Labs
In a decisive move, the Terra Luna Classic community has endorsed a substantial funding proposal by Genuine Labs. This initiative aims to upgrade the Terra Classic core to sdk47, mitigate p2p storms, and update critical dependencies to enhance platform security and functionality.
The approved proposal, titled “Genuine Labs’s Community Spend Proposal” (Proposal 12113), has resulted in the allocation of over 256 million LUNC tokens from the community pool to Genuine Labs. This allocation, valued at nearly $30,000, underscores the community’s dedication to advancing the Terra Luna Classic ecosystem through strategic development efforts.
Terra Luna Classic Community Supports Genuine Labs with Overwhelming Majority
The Terra Luna Classic community has shown strong support for Genuine Labs, with an impressive 99.93% of votes cast in favor of the developer group’s funding proposal. Notably, all 46 participating validators, including prominent names like Allnodes, Interstellar Lounge, and Interstake One, endorsed the initiative. As a result, Genuine Labs received over 256 million LUNC tokens from the community pool, boosting resources for key platform upgrades.
Following the disbursement, the community pool now holds 5.23 billion LUNC tokens, reflecting ongoing community commitment to the development and enhancement of Terra Luna Classic.
Market Performance and Price Trends
Despite positive community developments, LUNC has faced downward pressure in its price. Currently trading at $0.0001068, LUNC’s value has decreased by 0.70% over the last 24 hours. The cryptocurrency’s 24-hour trading range saw a low of $0.0001052 and a high of $0.0001093. Additionally, trading volume experienced a slight decline, indicating cautious market sentiment ahead of the upcoming Federal Open Market Committee (FOMC) meeting.
In contrast, USTC’s price has fallen by over 1%, now trading at $0.02128. However, its trading volume surged by 40%, suggesting active trading interest despite market uncertainties.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#TerraClassic #LUNC
BIG BREAKING:
🚨SEC vs TFL agrees to pay the SEC 4.4 BILLION and Do Kwon must pay 204 million.
💎🤲🏻
#Crypto
#LUNC
#LUNA
#Lunc2TheMoonSoon
🚨SEC vs TFL agrees to pay the SEC 4.4 BILLION and Do Kwon must pay 204 million.
💎🤲🏻
#Crypto
#LUNC
#LUNA
#Lunc2TheMoonSoon
I had mention this in my group to holding on and not make any entry to find best entry price when crypto market going to dump but I had decide to warning you guys to not get excited with pump on some coins in this waiting time
Market may going to bearish in about 4 hours following important news from US in rally and I think there will be dumping for $BTC in about 1-3 hours which will also dragging meme coins in my watch list #BOME #FLOKI #LUNC #PEPE #NOT
Whales will trying to create PANIC using US upcoming news and when price going down because of PANIC SELLING they will brought it back
So for now just hold your entry and wait for best chance to make entry on any coins you like
As always DYOR
God bless
Market may going to bearish in about 4 hours following important news from US in rally and I think there will be dumping for $BTC in about 1-3 hours which will also dragging meme coins in my watch list #BOME #FLOKI #LUNC #PEPE #NOT
Whales will trying to create PANIC using US upcoming news and when price going down because of PANIC SELLING they will brought it back
So for now just hold your entry and wait for best chance to make entry on any coins you like
As always DYOR
God bless
Terra Classic (LUNC) Burn Amount
Binance recently conducted its monthly burning event for Terra Classic (LUNC), where it became evident how much of the cryptocurrency was burned. These events are regular occurrences aimed at reducing the total supply of LUNC tokens available in circulation.
According to data, cryptocurrency exchange Binance is continuing its routine burns of Terra Classic (LUNC). These burns are part of Binance’s regular practice to reduce the total supply of LUNC tokens in circulation.
Binance Burns 1.3 Billion LUNC Tokens in June
In June, Binance has conducted three transactions burning approximately 1.3 billion Terra Classic (LUNC) tokens, totaling around $144,000 at current prices. Despite this significant burn, LUNC, valued at $615 million, has only seen a marginal decrease of about 10% in the past week.
Binance has been responsible for roughly half of all Terra Classic token burns to date, totaling $6.4 million in value. This represents approximately 1% of the altcoin’s total supply burned by the exchange so far.
Typically, Binance conducts its largest token burns at the beginning of each month, with smaller burns occurring sporadically throughout. As June progresses, additional burns of Terra Classic tokens by Binance may be anticipated.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#TerraClassic #LUNC
According to data, cryptocurrency exchange Binance is continuing its routine burns of Terra Classic (LUNC). These burns are part of Binance’s regular practice to reduce the total supply of LUNC tokens in circulation.
Binance Burns 1.3 Billion LUNC Tokens in June
In June, Binance has conducted three transactions burning approximately 1.3 billion Terra Classic (LUNC) tokens, totaling around $144,000 at current prices. Despite this significant burn, LUNC, valued at $615 million, has only seen a marginal decrease of about 10% in the past week.
Binance has been responsible for roughly half of all Terra Classic token burns to date, totaling $6.4 million in value. This represents approximately 1% of the altcoin’s total supply burned by the exchange so far.
Typically, Binance conducts its largest token burns at the beginning of each month, with smaller burns occurring sporadically throughout. As June progresses, additional burns of Terra Classic tokens by Binance may be anticipated.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#TerraClassic #LUNC
✅Terra Luna Classic ( #LUNC ): A Measured Analysis of its Recovery Prospects
This article provides a comprehensive assessment of Terra Luna Classic (LUNC), examining its current state and the significant challenges it faces on the road to potential recovery.
Supply and Burn Disparity:
LUNC's current circulating supply of 7 trillion far exceeds that of #USTC (TerraClassicUSD) at 9.78 billion. Re-establishing a 1:1 peg between the two tokens would necessitate an immense amount of LUNC burning, a seemingly unrealistic objective at present.
Price and Investment Considerations:
Even a scenario with a significantly reduced LUNC supply (assuming 6 trillion tokens are burned) resulting in a ratio of 10 billion #USTC to 1 trillion LUNC would only translate to a price of $0.01 per LUNC. Achieving such burn levels would require substantial investment, ranging from $0.8 billion to $1 billion. This highlights the potential risk associated with current investment decisions driven primarily by hype.
Technical Limitations:
LUNC currently lacks Inter-Blockchain Communication (IBC) connectivity with Osmosis, a prominent decentralized exchange (DEX) within the Cosmos ecosystem. This hinders its accessibility and overall liquidity. Additionally, limited LUNC liquidity on centralized exchanges (CEXs) raises concerns regarding the validity of orders placed on these platforms.
Investor Caution Advised:
This article urges investors to exercise caution. While some anticipate a further price decline for #LUNC, others foresee a potential price dump upon the establishment of IBC connectivity.
Conclusion: A Long and Challenging Road Ahead
LUNC's path towards recovery appears lengthy and demanding. Addressing the substantial supply overhang, increasing burn rates, and fostering robust liquidity across DEXs and CEXs are all critical steps. Investors are strongly recommended to meticulously consider these factors before making any investment choices regarding LUNC.
This article provides a comprehensive assessment of Terra Luna Classic (LUNC), examining its current state and the significant challenges it faces on the road to potential recovery.
Supply and Burn Disparity:
LUNC's current circulating supply of 7 trillion far exceeds that of #USTC (TerraClassicUSD) at 9.78 billion. Re-establishing a 1:1 peg between the two tokens would necessitate an immense amount of LUNC burning, a seemingly unrealistic objective at present.
Price and Investment Considerations:
Even a scenario with a significantly reduced LUNC supply (assuming 6 trillion tokens are burned) resulting in a ratio of 10 billion #USTC to 1 trillion LUNC would only translate to a price of $0.01 per LUNC. Achieving such burn levels would require substantial investment, ranging from $0.8 billion to $1 billion. This highlights the potential risk associated with current investment decisions driven primarily by hype.
Technical Limitations:
LUNC currently lacks Inter-Blockchain Communication (IBC) connectivity with Osmosis, a prominent decentralized exchange (DEX) within the Cosmos ecosystem. This hinders its accessibility and overall liquidity. Additionally, limited LUNC liquidity on centralized exchanges (CEXs) raises concerns regarding the validity of orders placed on these platforms.
Investor Caution Advised:
This article urges investors to exercise caution. While some anticipate a further price decline for #LUNC, others foresee a potential price dump upon the establishment of IBC connectivity.
Conclusion: A Long and Challenging Road Ahead
LUNC's path towards recovery appears lengthy and demanding. Addressing the substantial supply overhang, increasing burn rates, and fostering robust liquidity across DEXs and CEXs are all critical steps. Investors are strongly recommended to meticulously consider these factors before making any investment choices regarding LUNC.
🔥🔥🔥Listed Below Is Binance's Monthly Terra Classic (LUNC) Burn Amount
According to the data, Binance, a cryptocurrency exchange, is still conducting its regular burns of Terra Classic (LUNC).
According to the numbers, Binance has spent almost 1.3 billion LUNC tokens in three separate transactions this month. The cryptocurrency exchange has spent almost $144,000 on LUNC tokens so far this month, as of the publication of this article.
This quantity of burning won't have much of an impact on the price of LUNC, an altcoin with a market value of $615 million; the token has lost around +10 value in the last week, according to its chart.
By far, Binance has issued more Terra Classic tokens than any other exchange. As of this writing, the cryptocurrency exchange has destroyed LUNC tokens worth $6.42 million. That means that Binance has already burnt up around 1% of this altcoin's supply.
While the bulk of the exchange's token burning occur at the start of each month, smaller burns do occur on other days. So, it's possible that June's Binance Terra Classic burns will be a little higher than usual.
👉After you answer you can claim your reward
👉Answer : #koinmilyoner
#Binance200M #LUNC $LUNC
According to the data, Binance, a cryptocurrency exchange, is still conducting its regular burns of Terra Classic (LUNC).
According to the numbers, Binance has spent almost 1.3 billion LUNC tokens in three separate transactions this month. The cryptocurrency exchange has spent almost $144,000 on LUNC tokens so far this month, as of the publication of this article.
This quantity of burning won't have much of an impact on the price of LUNC, an altcoin with a market value of $615 million; the token has lost around +10 value in the last week, according to its chart.
By far, Binance has issued more Terra Classic tokens than any other exchange. As of this writing, the cryptocurrency exchange has destroyed LUNC tokens worth $6.42 million. That means that Binance has already burnt up around 1% of this altcoin's supply.
While the bulk of the exchange's token burning occur at the start of each month, smaller burns do occur on other days. So, it's possible that June's Binance Terra Classic burns will be a little higher than usual.
👉After you answer you can claim your reward
👉Answer : #koinmilyoner
#Binance200M #LUNC $LUNC
