Terra Luna Classic (LUNC) Community Eyes Huge Rally As v2.3.2 Upgrade Proposal Passed

Terra Luna Classic community passed a proposal to resolve the sequence mismatch issue affecting some validators. This sequence mismatch problem led to some accounts being barred from further interaction with the chain. The community expect another upcoming rally as the recent LUNC and USTC rally came in response to Binance’s 4 billion LUNC burn.

The community has already approved a proposal for Sequence Mismatch Issue Resolution, but validators and core developer L1TF decided to change it to an upgrade proposal. It makes it easier for validators and node operators to implement changes as the chain halts automatically.

Terra Luna Classic Passes v2.3.2 Upgrade Proposal

Proposal 11890 “Upgrade to v2.3.2 (Sequence Mismatch Issue Resolution)” is passed successfully by the Terra Luna Classic community, with complete support. The proposal needed community approval for the on-chain deployment of terrad client v2.3.1.

CoinGape reported that the binary is changed to version v2.3.2 (v6_1) due to the requirements of an upgrade proposal. The chain will halt at block 15751600, estimated at 1:20 pm on December 8, as per the countdown data.

The proposal has received major support from the community, with 99.99% “Yes” votes. Among 58 validators who participated, all have voted “Yes”. This includes top validators including Allnodes, Interstellar Lounge, Interstake One, StakeBin, JESUSisLORD, and others.

Read More: Will $LUNC Recovery Continue In December to Hit $0.0002?

LUNC Price Rally 150% in a Week

Terra Luna Classic extended its rally to more than 270% in a month and 150% in a week. The rally was triggered by TerraClassicUSD (USTC), which jumped 400% in a month. The Mint Cash news and Binance launching USTC perpetual contract, and new USTC trading pairs triggered the recent surge in prices.

LUNC price jumped over 50% in the last 24 hours, with the price currently trading at $0.000238. The 24-hour low and high are $0.000177 and $0.000273, respectively. Furthermore, the trading volume has increased by 127% in the last 24 hours, indicating a rise in interest among traders.

Meanwhile, USTC price trades at $0.057, down 10% after a massive rally this week. The 24-hour low and high are $0.0566 and $0.0672, respectively. However, the trading volume fell 5% in the past 24 hours.

Also Read: Binance Launches Zero-Fee Trading For XRP, ETH, SOL, DOGE, LINK, BNB