Claim $500LUNC News: Terra Classic FUD Continues As Top Developer Shut Downs Validator
Terra Classic developer Vegas on Friday said he is shutting down his validator node “Vegas Validator” and quit working on Terra Classic (LUNC) developments after delivering the Rebel Station wallet.
Earlier this week, Terra Classic core developers Edward Kim and Tobias “Zaradar” Anderson quit Terra Rebels, the developer group behind Terra Classic burn tax and staking. Later, Zaradar revealed that he will be working in a new developer team.
Terra Classic Developer Vegas Shutting Down Validator
Terra Classic developer Vegas on December 23 suddenly announced closing his validator node “Vegas Validator”. Moreover, he instructs the Terra Classic community to redelegate their LUNC tokens to a different validator.
He will continue working on two proposals such as Rebel Station that he is involved with before he takes a break from the community. In a conversation with Terra Classic community members on Telegram, he said, “after delivery of the wallet, I’m out of this toxic environment”. He tweeted:
“This community (LUNC) has good and bad ppl, I received bad and good msg. I’m not going to lie is hard. But the good msg show me that this time was not in vain. Thank you all for the support.
However, he will continue to be associated with the Terra Classic community, but didn’t reveal whether he continues to work on Terra Classic developments with Terra Rebels or separately.
Meanwhile, the community seeks answers on $150,000 provided to Terra Rebels as part of the controversial Proposal 11030 to separate Rebel Station from TFL infrastructure. After, the allocation of funds to Terra Rebels reduced the headcount from over 25 to 12. Terra Classic core developers Edward Kim and Zaradar, who were behind the major developments, quit Terra Rebels.
LUNC Price Soars Amid FUD
Terra Classic (LUNC) price fell to the August level amid the FUD related to Terra Rebels. However, Binance completing the second airdrop of Terra (LUNA) tokens to LUNC and USTC holders saw prices rally over 5%.
LUNC price is currently trading at $0.0001383, up nearly 4% from the 24-hour low of $0.0001321.
Also Read: Coinbase To Purchase Terra Classic Tokens In Bulk?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Trust Wallet Hack Update: CZ Speaks Out on $7M Loss, Promises Support
- Trust Wallet Hack: Users Hit as Hacker Drains BTC, ETH, BNB
- Binance Founder CZ Reacts as BNB Chain Dominates Ethereum, Solana In This Metric
- Mike Novogratz Credits XRP Army for Token’s Relevance as ETFs Maintain Inflow Streak
- Aave DAO Saga Update: Majority Votes Against Token Alignment Proposal as Voting Nears End
- Bitcoin Price on Edge as $24B Options Expire on Boxing Day — Is $80K About to Crack?
- Crypto Market Rebounds: Are Bulls Positioning for a Santa Rally?
- XRP, Bitcoin, Ethereum Price Predictions Ahead of Jan 2026 CLARITY Act and US Crypto Reserve Plans
- Pi Network Analysis: Pi Coin Price Surges on Christmas Eve, Can It Hit Year-End Highs?
- Why Dec 26th Is A Do Or Die for Bitcoin Price Ahead Of Record Options Expiry?
- Why Bitcoin, Ethereum And XRP Prices Are Down Today? (24 Dec)
