Terra Classic Token Defies Odds with Surprising Rally Amid Community Setback !!

#BinanceHODLerBANANA #BinanceTurns7 #SOFR_Spike #BinanceTournament #EarnFreeCrypto2024 Terra Classic (LUNC) surged 5.66% to $0.00009135 after the community rejected an independent website proposal.

LUNC's 26.42% weekly increase highlights the Terra ecosystem's resilience amid TFL's Chapter 11 bankruptcy updates.

The reopening of the shuttle bridge and significant LUNA burns have reignited interest in the Terra Classic community.Terra Classic (LUNC) has experienced a notable price surge despite the community rejecting a proposal to establish an independent community website. The proposal to enhance the community through design processes and concept workshops, similar to Bitcoin.org, failed to gain significant support. Only 4.08% of votes were in favour, while over 21.44% were against. A substantial 62.67% voted, and 11.81% abstained.

Surprisingly, the LUNC token rose by about 5.66% following the rejection. LUNC is trading at $0.00009135 and has increased nearly 26.42% over the past week. This increase underscores the resilience of the Terra ecosystem and is influenced by recent positive updates from Terraform Labs (TFL), which is currently undergoing Chapter 11 bankruptcy proceedings.Data from Santiment reveals that the LUNC bull rally has boosted its social metrics, with a noticeable rise in Social Volume, indicating growing interest. Binance's contribution to LUNC burns has also played a role, yet the Weighted Sentiment remains negative, pointing to persistent bearish sentiments in the market.