LUNC Price Jumps Following Governance Upgrade To Clean Up Ecosystem
The proposal aims to improve the project's governance by reducing spam and enhancing proposal quality. A #terraClassicLunc community member noted that the "Deposit" phase of the governance system is overrun with spam, leading to disinterest in proposals. Proposal 12071 was approved with an 89% community vote, reflecting strong engagement. This aligns with upgrades to staking mechanisms and token burn programs. Following approval, $LUNC NC 's price saw a positive reaction, rallying nearly 10% shortly after voting ended. However, it has since traded sideways, reflecting consolidation after a week of decline. Despite recent fluctuations, LUNC's price has shown a monthly increase since February, signaling a potential turnaround from previous downward trends. If a confirmed trend-reversal occurs, #LUNCđ„ could rally approximately 130% to reach $0.0002797, overcoming multiple resistance levels.
