Terra Luna Classic Moves Closer to Tax2Gas, LUNC Price Jumps 6%

Highlights

Terra Luna Classic community votes on v3.1.6 upgrade proposal.
It includes a security patch to wasmvm and an improvement on the gas simulation of taxable transactions.
LUNC and USTC prices are on a rally.

The Terra Luna Classic community votes on another security upgrade proposal. This upgrade includes a security patch to wasmvm and an improvement on the gas simulation of taxable transactions. LUNC price has jumped more than 6% over the last day and more than 15% in a month.

Terra Luna Classic Community Votes on v3.1.6 Upgrade

Terra Luna Classic developer StrathCole submitted proposal 12139 “Upgrade to v3.1.6” for governance voting on the Station wallet. A new Terrad client was released on September 26, as per GitHub repository.

The upgrade will apply an upstream wasmvm security patch, updating wasmvm to 1.5.5. This also includes an improvement on gas simulation of taxable transactions which was only released to endpoint providers as it did not contain consensus-relevant changes (v3.1.5-sim.2). Moreover, it adds support for much-awaited upcoming Tax2Gas implementation.

Currently, the latest proposal has received unanimous support from the community. It has received 100% “Yes” votes from validators and delegators. If approved by the community, the chain will be halted at block height 20085000, which is expected at 1:30 PM UTC on October 4, as per StakeBin countdown.

Recently, Terraform Labs (TFL) and CEO Chris Amani confirmed receiving an order from the bankruptcy court to wind down operations after the SEC settlement. They also plan regarding the shutdown of operations and its products and services in case negotiations with 3rd parties fail.

LUNC Price, USTC In Upside Momentum

Terra Luna Classic ecosystem tokens LUNC and USTC are building upside momentum, targeting to break up above respective resistance levels. The community is optimistic with Binance LUNC burn approaching and Changpeng “CZ” Zhao release today.

LUNC price jumped over 6% in the last 24 hours and 10% in a week, with the price currently trading at $0.00009369. The 24-hour high and low are $0.00008818 and $0.00009459, respectively. Trading volume saw an increase of 50% in the past 24 hours.

Meanwhile, USTC price rose by more than 5%, with the price now trading at $0.0193. Moreover, the trading volume has increased by 55% in the last 24 hours. USTC futures OI rose 7% in the past 4 hours.

Recommended
Price Analysis

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Varinder Singh

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.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and 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.

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.