The new upgrade of the Terra Classic chain has been completed.

The chain has been upgraded to block height 19850090.

This upgrade has been recorded as the fastest upgrade of the Terra Classic chain.

All exchanges support this upgrade. Congratulations to #LUNC validators. They continue to keep the #TerraClassic chain up to date.

With the upgrade coinciding with the FED decision day, $LUNC and $USTC will go further.

We can say that #LUNC has stood firm against the declines experienced in the market in general.

Everyone agrees that its current price does not show its real value.

✅ It will provide a serious buying opportunity, especially if it falls below $ 0.00007. Will it fall below this level again? We don't know.

There were those who made serious purchases at $ 0.000075 and below in #LUNC. They may not give this opportunity again.

➖ Expecting a stable increase due to futures has become a dream. We think that the back and forth situation will continue.

There is a similar situation for #USTC. $LUNC and $USTC are not trade coins. You may face serious risks while trading. Especially on the futures side!

#TerraClassic

✅

Looks like Classes 4,5 and 6 have accepted the bankruptcy plan!

Let's see if they adopt it on Thursday! 💪

#LUNC #LUNA #USTC

The final hearing of TerraFormLabs' Chapter 11 bankruptcy filing will take place on Thursday, September 19.

Last 2 days.

➖The outcome of this filing is important. What we understand from the court texts is that if TFL can compensate for the losses it caused with the #LUNA and #UST collapses, it can avoid paying $4.5 billion in compensation.

✅ All issues will be discussed in the final hearing. These issues include the burning of the #LUNC and #USTC offerings.

▪️TFL must burn the offerings by October 31, 2024. It must compensate for the losses. Otherwise, it will have to pay $4.5 billion in compensation.

We are gradually approaching the end of the legal process.

#TerraClassic

CZ will be released on September 29, 2024. We are less than 2 weeks away from CZ rejoining us.

➖According to the Federal Bureau of Prisons website, Binance Founder CZ is scheduled to be released on September 29.

CZ’s return will be welcomed with joy by crypto investors. He is by far the favorite name of the entire crypto community, especially the #LUNC community.

@cz_binance @Binance @heyibinance 🎊

Cz Binance is set to be released September 29th!

After TFL finishes burning, Binance will become the largest custodial holder for both LUNC & USTC!

Drop a like if you think Cz should guide #LUNC future!!

You know that TFL and the SEC have reached an agreement on $4.5 billion in compensation.

Will this money be paid? How will it be paid? Who will pay? We have asked and discussed the questions many times.

A significant portion of the court text was shared with us by our valuable follower.

"If TFL ensures that the injured investors and other general unsecured creditors are fully recovered under the terms of the liquidation of the chapter 11 bankruptcy filing, the SEC will withdraw its $4.5 billion claim."

▪️ In short; If TFL redresses all grievances, it can avoid the $4.5 billion compensation penalty. The hearing to be held on September 19 is very important. October 31, 2024 will be the final date. We are approaching the final...

#LUNC #USTC $ #LUNA #TerraClassic #Terra

Terra Classic stake return rates continue to decline.

➖#LUNC annual APR rate decreased to 7.93%.

As the stake amounts increase and the LUNCs and USTCs in the Oracle Pool decrease, this rate will decrease further.

➖In addition to this rate, let's say that there is a #USTC return of approximately 2%.

#TerraClassic

The amount of #LUNC staked on the Terra Classic chain continues to increase steadily.

🟠 The amount of LUNC staked has reached 1,046,742,869,156. The ratio of this amount to the total supply has increased to 15.45%.

The steady increase in staked amounts is very valuable. This ratio needs to exceed 40%. We think that the ratio will reach these points with burns and additions.

#TerraClassic $LUNC $USTC $LUNA

Noteworthy wallets

Binance wallet
#LUNC : 2,339,937,440,524
#USTC : 2,486,733,394

Shuttle bridge
#LUNC : 262,098,548,587
#USTC : 177,473,863

Oracle pool
#LUNC : 103,405,972,421
#USTC : 353,736,774

This never bounces...

▪️You buy; it falls.

▪️You wait; it doesn't move.

▪️You sell; it flies.

#Binance #TON #LUNC #POL #BNB

The amount of stakes continues to increase on the Terra Classic chain.

The amount of #LUNC staked has reached 1,043,132,919,286. The ratio of this amount to the total supply is 15.40%.

This ratio will increase as the $LUNC supply continues to burn and the amount of LUNC staked increases.

For the security of the Terra Classic chain, this amount needs to exceed at least 40%. With this motivation, the Terra Classic community will continue to move towards their goals...

#TerraClassic

Graphic: lunc.tech @lunc_tech @TerraNewsEN

There will be burns in 54 more wallets belonging to TFL. We do not know the #LUNC and #USTC amounts found here.

However; burns can reach very striking levels in $USTC. The USTC amounts found on Anchor Protocol outside of TFL's wallets are striking.

▪️Anchor market; 478 million USTC.
▪️Anchor liquidation; 178 million USTC.
▪️Anchor overseet-yield; 119 million USTC.
▪️Terra Shuttle; 178 million USTC.
▪️LFG; 1 billion 847 million USTC.
▪️Terra Bridge BSC; 87 million USTC.
▪️Mirror Mint; 30 million USTC.
▪️Anc liquidity; 9 million USTC.

These funds are also expected to be burned in the coming period. The process regarding the 1.85 billion USTC in LFG's wallet alone is not definite. These are serious figures for USTC.

#TerraClassic $LUNC

TerraFormLabs' #LUNC and #USTC burns have begun. All burns will be completed by October 30, 2024 and the TFL book will be closed.

So far, 607 million $LUNC and 478 million $USTC have been burned.

Since 439 million USTC was burned before, the statistics seem high. 39 million USTC was lost in yesterday's burns.

We will follow TFL's burns through graphs and report them to you.

#TerraClassic

We are closer to a top 100 coin position than you think.
#LUNC dont forget the burns.

Look to the small differents of the marketcap

610 million #LUNC burned today 🔥🔥🔥

Who’s bullish on $LUNC after hearing new teams are ready to build, #Binance continuing monthly burns, and #LUNC currently ranked #111 in the world.

THIS GUY IS! #LunaClassic to the moon! 🚀🌕💎🤲🏻 #Crypto

Developers continue to come to the Terra Classic chain. Finally, Orbit_Labs developers have also announced that they have joined the Terra Classic chain.

The announcement was made by TerraCVita. The power of the #LUNC community is attracting important developers to the Terra Classic network. We think this is the beginning.

🌟Orbit_Labs' post is very striking; "Stars are gathering. Something is waking up."

🔱 Orbit_Labs is coming as a new L1+ team.

🔱 We welcome Orbit_Labs and want to say; "The TerraClassic community never sleeps. We hope you will do great services to this amazing community."

$LUNC #TerraClassic @TerracVita @orbit__labs

LUNC News: Terra Luna Classic Core Dev Reveals Major Update on Tax2Gas

LUNC News: Terra Luna Classic core developer confirms completion of work on Tax2Gas upgrade, will LUNC and USTC price rebound?

Highlights

Terra Luna Classic core developer Genuine Labs completed work on Tax2Gas upgrade.

The upgarde will resolve issues including contract developers’ need to calculate the burn tax manually.

LUNC and USTC prices continue to trade under selling pressure.

LUNC News: Terra Luna Classic core developer on Friday said it has completed work on Tax2Gas, an upcoming major upgrade that will boost the network as well as LUNC price. The core developer added that the expected date of the upgrade is still unclear unless satisfaction in testing on rebel testnet.

Terra Classic Social Volume Trends and Impacts

Recent data from Santiment shows a varied social volume trend for LUNC prices over six months. There were notable spikes in discussions, especially at the end of February. These fluctuations are crucial as they reflect changing investor sentiment. Shifts in social activity often lead to movements in market prices.

The decreasing trend could indicate waning interest. This might lead to lower trading volumes and reduced price volatility. Increased social media activity typically correlates with heightened trading volumes.

If the bullish momentum propels LUNC past the $0.00008312 threshold, it may reignite its ascent. This advancement could challenge the $0.00008 resistance. A sustained push might even elevate LUNC to a $0.0003 valuation, marking a 260% increase. Such developments would significantly boost investor confidence in its potential upward trajectory.