The Terra Luna Classic (LUNC) community has nearly approved its proposal to provide access to relevant accounts and dashboards managed by Terraform Labs (TFL). Following these developments, an upward trend was observed in LUNC and USTC prices to exceed the resistance levels.
Community Approval
Suggestion 12141 has almost been accepted by the Terra Luna Classic community under the title “Transactions Related to CoinMarketCap and other lists.” This proposal aims to provide the community with access to TFL’s Terra Classic, which is listed on CoinMarketCap and other aggregators. The bankrupt company is the only entity that holds the keys to access the relevant control panels for LUNC and USTC for operations such as changing the website, social media and other information.
TFL is not expected to request changes regarding LUNC and USTC on CoinMarketCap and other crypto exchanges after October 31. Since it seems unlikely that TFL will gain access to the terra.money domain or the official Terra Money
Allnodes has agreed to act as a temporary custodian of these access rights and agreements, to make relevant changes in accordance with management decisions and to transfer ownership of these lists in accordance with the decision of TerraClassic management.
Price Increases
Amid significant developments, LUNC price is currently trading at $0.00009136, up 2% in the last 24 hours. The 24-hour low and high price were $0.00008905 and $0.00009181 respectively. Additionally, trading volume increased by 15% in the last 24 hours, indicating an increase in investor interest.
According to Coinglass data, 1000LUNC open position on Binance and Bybit increased by over 3% in the last 24 hours. This reveals that derivative investors are actively interested in Terra Luna Classic.
On the other hand, USTC price is currently trading at $0.02199, up over 4%. 24-hour trading volume increased by 32%.
These developments are considered important steps taken in strengthening the future strategies of the Terra Luna Classic community and adapting to market dynamics.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
