Terra Classic USTC Price Jumps 15%, LUNC Shows Strength After This Development

Varinder Singh
February 13, 2023 Updated July 22, 2025
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Terra Luna Classic Price To Breakout Key Level Amid LUNC Burn

While the crypto market reel under regulatory action from US financial regulators, TerraClassicUSD (USTC) and Terra Classic (LUNC) prices show strength as blockchain upgrade v1.0.5 is almost here. It will make transaction fees (gas and burn tax) estimation and future chain upgrade a lot easier and smoother. Also, It brings back the most needed Binance LUNC burn mechanism.

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Terra Classic Community Passes Key Proposals

Moreover, the Terra Classic community passed Proposal 11322 “Raise Validator Minimum Commission Fee to 5%”. The proposal aims to increase the minimum commission fee from 0% to 5% for Terra Classic validators. It received 49.07% votes in support, 17.56% “abstain” and 23.70% “No” votes.

While the proposal faced opposition earlier, it was later supported by the community considering the costs associated with running as a validator. Reasons for supporting the proposal include reducing large validators such as Allnodes’ influence in the community, preventing centralization risks, and supporting new and small validators facing financial constraints.

Generally, users opt for no-commission validators (0%). So by forcing the entire active setup to a 5% minimum fee hopes to spur re-delegations to equalize voting power across the entire validator spectrum.

Terra Classic influencer ClassyCrypto plans to use commissions on his Classy’s Sphere validator to fund utility on the chain and keep an emergency fund to pay off the validator.

Also Read: Elon Musk Sends Dogecoin Price On A Sudden 5% Rally, Here’s How

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LUNC and USTC Prices Soar

USTC price jumps over 15% in the last 24 hours amid rising confidence on repeg as part of Proposal 11324 “Ziggy: Re-Peg UST (Signal)”. It is now trading at $0.03048.

Meanwhile, LUNC price trades at $0.0001711, up 4% in the last 24 hours. The 24-hour low and high are $0.0001593 and $0.000173. The trading volume has increased by nearly 200% in the last 24 hours, indicating an increase in interest from traders.

Also Read: Bitcoin Whale Txs Rises 3-Month High Ahead US CPI Inflation Data, What’s Next?

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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.

About Author
About Author
Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.