Terra Luna Classic Seeks Dashboard Access Managed By Terraform Labs
The Terra Luna Classic community is on the verge of approving a proposal to gain access to the relevant accounts and dashboard maintained with Terraform Labs (TFL). This approval is expected to lead to upside momentum in the prices of LUNC and USTC as they break out of resistance levels due to the latest developments.
“Dealing with CoinMarketCap”, Proposal 12141,
The community is close to passing Proposal 12141, titled “Dealing with CoinMarketCap and other listings,” which seeks approval to obtain access to TFL’s listed Terra Classic on CoinMarketCap and other aggregators. This access is crucial as TFL is unlikely to make change requests on CoinMarketCap and other crypto exchanges related to LUNC and USTC after October 31.
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Allnodes has agreed to act as a temporary custodian of these access rights and agreements, making relevant changes according to governance decisions and relinquishing ownership of these listings at the discretion of TerraClassic governance.
The proposal has received overwhelming support, with 99.95% of the votes in favor, including validators Interstellar Lounge, JESUSisLORD, LUNCLIVE, moonshot, and Community First LUNC voting “Yes.”
Price Action and Performance
In response to the recent developments, the price of LUNC has climbed 2% in the last 24 hours, reaching $0.00009136. Additionally, the trading volume has increased by 15% in the past 24 hours, indicating growing interest among traders.
Derivatives traders have shown active interest in Terra Luna Classic, with Coinglass data showing a more than 3% jump in open interest on Binance and Bybit. At the same time, USTC price has surged by over 4%, reaching $0.02199, with the trading volume witnessing a 32% increase in the last 24 hours.
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