CandleFocus

Can LUNC Make a Comeback With the Help From the Community?

Terra Classic (LUNC) experienced a 7% price increase after announcing Proposal #12131, which seeks to upgrade the Terra Classic network to version 3.1.5. The upgrade includes security patches and aims to improve efficiency. The proposal addresses security risks and aims to enhance transaction processing. The market responded positively to the proposal, with trading volume surging and LUNC reaching #114 on CoinMarketCap. The network upgrade is a critical step in rebuilding trust in the Terra Classic network after a major collapse in May 2022. The success of the upgrade depends on the community's response and technical execution.

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