Over the past week, Terra Luna Classic (LUNC) has seen several notable updates and developments:

1. Staking Milestone: The LUNC community has achieved a significant milestone, with over one trillion LUNC tokens staked. This has pushed the staking ratio to 15.01%, reflecting strong community confidence and reducing the circulating supply of the token .

2. Token Burns: Binance has continued its support for the Terra Classic community by conducting its 23rd token burn batch, burning 1.7 billion LUNC tokens on July 1. This brings the total tokens burned by Binance to over 62 billion, contributing significantly to reducing the overall supply .

3. Price Movements: Despite a general downturn in the market, LUNC has seen some positive price action, including a brief jump of over 1% in the last 24 hours. The price is currently trading around $0.00007175, though it has struggled to surpass the $0.000072 level. The trading volume has decreased by 32%, indicating some hesitation among traders .

4. Community Proposals: The Terra Classic community recently rejected a proposal to create a Bitcoin.org-style website, reflecting ongoing active governance and engagement within the community .