Terra Classic (LUNC) is voting on a key proposal to re-enable interblockchain communication (IBC) with the Osmosis protocol, restoring transfers between Terra Classic and Osmosis. This follows the expiration of Client ID 07-tendermint-12 on the Columbus-5 network, which referenced the Osmosis validator set. LUNC is currently trading at $0.000106, with a 24-hour trading volume of $11.19 million, a market cap of $610.85 million, and a market dominance of 0.03%. The price has declined by 2.79% in the past 24 hours.

LUNC's peak price was $119.01 on April 5, 2022, and it hit a low of $0.00001651 on May 13, 2022. Since then, the highest price reached was $0.000590. Currently, the price prediction sentiment for Terra Classic is bearish, even though the Fear & Greed Index shows a level of 72, indicating greed.

The circulating supply of Terra Classic is 5.79 trillion LUNC out of a maximum of 6.88 trillion LUNC, with an annual supply inflation rate of -1.49%, representing a decrease of 87.43 billion LUNC over the past year.

Proposal 12104, "Reactivate Osmosis IBC," is under consideration on the Station wallet. Introduced by developer Fragwuerdig, a former core development team member, it seeks to re-enable IBC between Terra Luna Classic and Osmosis. Community member and validator Vegas emphasized the need to update the Osmosis IBC client from 07-tendermint-12 to 07-tendermint-250 for smooth IBC operations. The proposal has garnered over 96% support, though 3% oppose it with a veto.