LUNC

The post Terraform Labs Sparks LUNA and LUNC Price Rally with Key Hearing Date appeared first on Coinpedia Fintech News LUNA and LUNC prices briefly moved upward following a crucial announcement from Terraform Labs. LUNA is trading at $0.3289, reflecting a 0.50% increase, while LUNC climbed 2% to $0.000082. The surge in trading volume suggests growing interest among traders as the company prepares for significant developments. But what’s causing the surge today? Read on. Terraform Labs Sets September 19 for…

The post Terra Classic LUNC Gains 30% in a Week Amid Positive TFL Bankruptcy Updates appeared first on Coinpedia Fintech News Terra Classic is on a roll! Despite the Terra Classic community’s rejection of a proposal to create an independent community website, the LUNC token experienced a significant price rally. This unexpected increase is linked to positive developments from Terraform Labs (TFL) amid its Chapter 11 bankruptcy proceedings. Let’s delve into the details! Community Rejects Independent Website Proposal The Terra…

The Shiba Inu (SHIB) and Terra Classic (LUNC) ecosystems have become known for their regular token burns, which aim to increase the value of these coins. A computer engineer has given his opinion on this burn mechanism, revealing between Shiba Inu and LUNC, which will likely reach their desired goal of $0.01.  Will Shiba Inu And LUNC Reach $0.01? Computer engineer Charu Bey suggested in an X (formerly Twitter) post that only LUNC will likely reach its desired goal of…

The post Terraform Labs Sets August Deadline for Bankruptcy Claims: Impact on LUNC and USTC Investors appeared first on Coinpedia Fintech News Terraform Labs announced on its official X account that the deadline for filing claims in TFL and TLL’s Chapter 11 bankruptcy lawsuits is August 10 at 09:00 UTC. The business advised Terraform Lab’s claimants to submit their paperwork by this date. Terraform Labs, which created TerraUSD, filed for Chapter 11 bankruptcy with the Delaware bankruptcy court on January…

Terra Luna Classic (LUNC) developers have completed the development of the Oracle Split, an update that is expected to spur a surge in staking. The split will divert community pool rewards from tax burns into the Oracle Pool, with the update expected to take effect on July 26 at block height 19060800. With staking being the pillar of any healthy DeFi ecosystem, the developers of Terra Luna Classic (LUNC) have announced a long-awaited update that will massively boost staking rewards…

The Terra Classic Foundation via the X app revealed that the staking ratio of Terra Classic (LUNC) has surpassed 15%, currently with over a trillion LUNC tokens staked.  This significant milestone mirrors the substantial amount of LUNC tokens Binance (currently more than 62 Billion LUNC) has burnt contributing to a total community burn exceeding 125 billion. Data from Terra Classic Foundation has revealed that over 1.017 trillion LUNC tokens have been staked, representing roughly $70.15 million at the current market…

The post Terra Luna Classic Witnesses 6.5B LUNC Burn Amid Large Wallet Movements appeared first on Coinpedia Fintech News Terra Luna Classic saw over 6.5 billion LUNC burned in the last 24 hours as large wallets sold LUNC tokens. The move comes after Terraform Labs’ CEO confirmed yesterday to burn LUNC and USTC they hold in their TFL and LFG wallets. The total burn by the community has now reached over 123 million LUNC with Binance being the top burner…

The Terra Luna Classic community has passed proposal 12114, significantly revising the LUNC burn tax distribution. Over 98% of the community voted in favor, indicating strong support among key validators. The Terra Luna Classic community has decisively approved proposal 12114, aimed at revising the LUNC burn tax distribution. Authored by developer Till Z., known as Fragwuerdig, the proposal received a staggering 98.04% approval from the community. This strategic change is set to enhance staking rewards and improve long-term incentives for…

The post Terra Luna Classic (LUNC) Price Faces a Steep Uphill Ahead Following Historical US SEC Settlement  appeared first on Coinpedia Fintech News The Terra Luna Classic (LUNC) community has undergone a challenging period since the 2022 market capitulation, which wiped out over $30 billion in a single week. The historical fall of UST logarithmic stablecoins has haunted the Terra LUNC ecosystem despite rebranding to refreshed products in the recent past.  Moreover, the leadership of Do Kwon has largely been…