Officially Passed: Terra Luna Classic v2.3.2 Upgrade Proposal, LUNC Price Surges by 25%
**Terra Luna Classic Unanimously Passes Upgrade Proposal to Resolve Sequence Mismatch Issue**
In a significant development, the Terra Luna Classic community has unanimously passed a proposal aimed at resolving the sequence mismatch issue affecting some validators. This issue had led to certain accounts being barred from further interaction with the chain, causing concern among the community.
**Change to Upgrade Proposal**
The community had initially approved a proposal for the “Sequence Mismatch Issue Resolution”. However, validators and core developer L1TF decided to change it to an upgrade proposal. This decision is expected to make it easier for validators and node operators to implement changes, as the chain will now halt automatically.
**Terra Luna Classic Passes v2.3.2 Upgrade Proposal**
The recent proposal, known as “Upgrade to v2.3.2 (Sequence Mismatch Issue Resolution)”, has been passed successfully by the Terra Luna Classic community with overwhelming support. The proposal required community approval for the on-chain deployment of the terrad client v2.3.1.
CoinGape reported that the binary has been changed to version v2.3.2 (v6_1) to align with the requirements of an upgrade proposal. The chain is expected to halt at block 15751600, with the estimated time set for 1:18 pm on December 8th, according to the countdown data.
Notably, the proposal has garnered full support from the community, receiving 100% “Yes” votes. This makes it the first proposal in several months to achieve complete approval from the community. All 46 validators who participated in the voting process cast “Yes” votes, including prominent validators such as Allnodes, Interstellar Lounge, Interstake One, StakeBin, and JESUSisLORD, among others.
**LUNC Price Rally 25%**
Aside from the significant community decision, Terra Luna Classic has also witnessed a remarkable 25% price rally. The cryptocurrency extended its rally to more than 115% in a month and 88% in a week. The surge in prices was largely triggered by the performance of TerraClassicUSD (USTC), which surged by 400% in a month. Additionally, the Mint Cash news and Binance’s launch of USTC perpetual contract and new USTC trading pairs contributed to the recent price surge.
As of now, the LUNC price is trading at $0.000140, reflecting a 25% increase in the last 24 hours. The trading volume has also seen a significant uptick, indicating a rise in interest among traders.
Meanwhile, USTC price trades at $0.053, up more than 4% after a massive rally this week. However, the trading volume for USTC fell by 10% in the past 24 hours.
The recent rally in LUNC and USTC prices came as a response to Binance’s burn of 4 billion LUNC, indicating a positive market sentiment towards the Terra Luna Classic ecosystem.
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