Terra Classic, the once-prominent blockchain network that faced a catastrophic setback when its UST stablecoin lost its dollar peg in May 2022, is gearing up for a game-changing network upgrade. Scheduled to occur later today at the Terra Classic block height of 12,902,400, this eagerly anticipated upgrade aims to implement Proposal 11515, better known as […]
The Terra Classic ecosystem has been making headlines lately with the recent surge in the price of its token, LUNC. According to Wu Blockchain, the community’s proposal to repeg the USTC stablecoin with LUNC has been approved through a signal proposal. This has sparked excitement in the Terra Classic ecosystem and could be a significant […]
Terra tokens slumped on Wednesday following the announcement of an arrest warrant against founder Do Kwon by a South Korean court. Today alone, LUNA and LUNC have fallen by 35% and 19%, respectively. Kwon has become a controversial figure in the crypto space after two of his coins, which occupied the top ten rankings by […]
South Korean company Uprise reportedly lost $20 million in a Terra Classic (LUNC) trade after the cryptocurrency surged by 1,150% within a four-hour candle on May 11. While the cryptocurrency crashed dramatically from $65 on May 9 to tap an all-time low of $0.00000112 by May 12, LUNC recorded some ultra-volatile pumps in between. At […]
A recent report from on-chain analytics platform Santiment suggests that TerraClassic (LUNC) and TerraClassicUSD (USTC) could come back into public interest. The report also noted that these cryptocurrencies remained largely ignored by the crypto community for several months before the Terra meltdown. Santiment argued that the 110% and 320% respective rallies recorded in LUNC and […]
