LUNC Price Jumps 5% and USTC Price Rises 12% After Core Security Upgrade Package Announced ✅

Luna's lead developer, L1TF, has announced a core security upgrade package to address security risks and other concerns in the Terra Luna Classic community. Upgrading essential components will improve the safety and stability of the chain. Traders reacted positively to the announcement, causing LUNC and USTC prices to spike massively within hours.

Luna Core Security Upgrade
Joint L1 Task Force (L1TF) developer Vinh Nguyen, in a post on X on January 16, announced a "core security upgrade package" to address security risks on Terra Luna Classic. The community has shared concerns about the lack of new features coming from Terra Luna Classic's legacy components.

He said a successful upgrade of core components would enhance security and stability. This will also help meet the infrastructure requirements for TFL support.

“We believe our extensive experience maintaining and deploying these core components on the mainnet will provide excellent service to the community. We would also like to express our gratitude to the people who helped us revise this package so that it complies with the government-approved Pay-per-Job proposal,” said Vinh Nguyen.

The team consisting of Vinh, Inon Man and Frag (volunteer contributor) needs 11 weeks to complete the upgrade. The total budget is $51,000, which will be deposited into a multisig account held by members of this package and oversight committee. Terra Classic components, including Wasm Module (wasmd) and Wasm Virtual Machine (wasmvm), Cosmos SDK, Comet BFT, IBC-GO, and Mainnet.

surged more than 5% in the last 24 hours, with the price currently trading at $0.000126. The 24-hour high and low are $0.000118 and $0.000127, respectively. Additionally, trading volume increased by 65% ​​in the last 24 hours, indicating renewed interest among traders.

At the same time, the price of USTC also increased after the announcement, thanks to a massive 230% increase in trading volume. The price is currently trading at $0.030,

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