LUNC News: The Terra Luna Classic proposal to take access to the relevant accounts and dashboard maintained with Terraform Labs (TFL) is almost approved by the community. As a result, LUNC and USTC price gains upside momentum to breakout resistance levels amid the latest developments.
LUNC News: Terra Luna Classic Community Approves Proposal
Proposal 12141 titled “Dealing with CoinMarketCap and other listings” is nearly passed by the Terra Luna Classic community. The proposal seeks the community’s approval to obtain access to TFL’s listed Terra Classic on CoinMarketCap and other aggregators. The bankrupt company is the only entity holding the keys to access the relevant dashboards to change links to website, social media, and other information for LUNC and USTC.
TFL is unlikely to make change requests on CoinMarketCap and other crypto exchanges related to LUNC and USTC after October 31. With TFL unlikely to provide access to the terra.money domain or the official Terra Money X account, the community seeks access to CoinMarketCap dashboards and potential other chain information management dashboards to resolve any unwanted issues.
Allnodes has already agreed to act as a temporary custodian of these access rights and agreements, to make any relevant changes according to governance decisions, and to relinquish ownership of these listings at such time as the TerraClassic governance decides.
The proposal has received 99.95% votes in favor, with validators Interstellar Lounge, JESUSisLORD, LUNCLIVE, moonshot, and Community First LUNC voted “Yes.”
LUNC and USTC Price Jumps
Amid the key news, LUNC price climbed 2% in the last 24 hours, with the price currently trading at $0.00009136. The 24-hour low and high are $0.00008905 and $0.00009181, respectively. Moreover, the trading volume has increased by 15% in the past 24 hours, indicating a rise in interest among traders.
Coinglass data indicate 1000LUNC open interest on Binance and Bybit has jumped more than 3% in the past 24 hours. This indicates that derivatives traders are actively buying Terra Luna Classic.
Meanwhile, USTC price climbed more than 4%, with the price now trading at $0.02199. Moreover, the trading volume saw a 32% rise in the last 24 hours.
Varinder Singh
Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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