$LUNC according to Bitcoinsistemi news
Bybit, one of the world's largest cryptocurrency exchanges, announced in its statement that it will support the network update of the Terra Classic (LUNC) altcoin.
According to the official statement, the Terra Classic v3.0.1 update, which will be released soon, will be supported by Bybit. The update is planned to take place on June 2 at 20:30 Turkish time at a block height of 18,303,000.
Bybit announced that LUNC deposits and withdrawals will stop approximately 20 minutes before the update starts, and that they will resume on June 3rd.
Related news event that could tip the balance: $305 million worth of bitcoins stolen from a cryptocurrency exchange!
The software update in question was marked to be implemented by the approval of a majority of the verifiers.
This update contains several important elements, including SDK v0.47, wasmd v0.45, ibc-go v7 and a p2p storm fix aimed at improving the operation and performance of networks.
LUNC, which at the time of writing traded at $0.0001208 and has a market value of $699 million, was one of the largest cryptocurrencies in the world not long ago. The token, formerly known as LUNA, once had a market value of more than $40 billion and was priced at $119.18.
