$LUNC Terra Luna Classic ($LUNC): Proposal Rejected, Yet Price Keeps Climbing! ๐
In a surprising turn of events, the Terra Luna Classic ($LUNC) community voted overwhelmingly against a $5,000 funding proposal from BLV Labs. Almost 90% of voters rejected the proposal, citing technical issues such as missing testnet and mainnet deployments. Despite this setback, the LUNC price has risen by 5%, showing resilience.
What Happened with the Proposal?
Validator Reactions: Big names like Allnodes and Interstake One were vocal in opposing the proposal. They pointed out BLV Labsโ lack of progress, even though the code was available on GitHub.
New Responsibilities: In another proposal, Allnodes was granted access to the CoinMarketCap dashboard, highlighting a shift towards more active contributors and building trust within the community.
Price Watch:
$LUNC: Despite the proposal rejection, LUNC has risen 5%, now trading at $0.000118, with a 15% weekly gain. If it breaks past the $0.00012 mark, it could be on track to hit $0.0002.
$USTC: USTC also gained 5%, now at $0.0245, but with a slight slowdown in momentum as trading volume has dropped by 31%.
Thereโs strong buying action on major exchanges like Binance and OKX, while some selling pressure remains on Bybit. The big question is: will LUNC maintain this upward momentum, or will it face a pullback? Let us know what you think! ๐