Is The Terra Classic (LUNC), Revival Rally To $0.001 Already Started?

After massive FUD caused by Terraform Labs cutting support for Terra Station, Terra Classic (LUNC) was at risk of its survival, the community has found a new life. Over 6% and 20%, respectively, have been achieved by Terra Classic blockchain tokens LUNC (Terra Classic) and USTC (USTC) in the last 24hrs.
Terraform Labs is changing from Terra Station to a new Station wallet as part a cross-chain collaboration with Terra and Feather/Alliance to improve decentralization. TFL asked Terra Rebels, a Terra Classic developer group, to make several L1 modifications on the Terra Classic chain in order to be compatible with the new Station-supporting Cosmos chains.


Terra Rebels submitted a proposal for a community pool to move the community to Rebel Station. This caused panic in the community. Terra Rebels already supported the LUNC community’s goal to seperate from the TFL, Do Kwon and Terra Classic Revival Roadmap.
Terra Rebels announced that they will no longer support Terra Station and will instead focus their efforts on Rebel Station. TerraCVita, a Terra Station developer group, will now be responsible for Terra Station support. After network outages due to the 1.0.4 upgrade, both Terra Station and Rebel Station now work normally. This was due to TFL not updating the LCD. As developers reopen IBC channels, the 1.0.4 upgrade prepares validators as well as crypto exchanges.
Sam Bankman-Fried, former CEO of FTX, is currently facing a market manipulation inquiry into whether FTX or Alameda were responsible for the Terra-LUNA crisis. This has led to a recovery of all Terra tokens. Do Kwon, Terra’s cofounder, believes that SBF and Genesis caused the May collapse of the UST depeg.
Trending Stories

Terra Classic (LUNC), has seen its price rise by more than 6% in the past 24 hours. The current price is $0.00017. The lowest and highest prices for the 24-hour are $0.000162828 and $0.0001737, respectively. During the ongoing investigation into the role of SBF in the Terra-LUNA crisis, TerraClassicUSD (USTC), price rallied more than 20%
Terra (LUNA), which is currently trading at $1.64, has seen its price jump by more than 5% in the past 24 hours.


Also read: Subpoena SBF to Testify Before the US Congress, Demands Crypto Twitter

Is The Terra Classic (LUNC), Revival Rally To $0.001 Already Started?
LUNC News Updates Dec 8: Terra Classic Price Rises 6%, USTC 20
XRP Price on a Surge as Whales Move 160 million XRP
Bitcoin (BTC), Price Dump Incoming On-Chain Data Reveals Bottom
Today’s top crypto losers are ImmutableX, SOL and SHIB, DOGE, and ImmutableX, which both fell 9.24%, 4.60%, 1.50%, and 4.17%, respectively.
The SHIB Token’s Price has risen by 10%. Here’s why
Crypto Prices Today 8 December: Solana, Ethereum (ETH), Bitcoin(BTC) down; Major Coins Plummets Yet Another
Dogecoin Supporter Elon Muss Has Lost His Richest Men Tag
Breaking: Terra Do Kwon explains how SBF and Genesis led to Terra-LUNA Crisis
Breaking: Kazakhstan passes stringent crypto and mining bills

About the author

The content presented may contain the author’s personal opinion and may not reflect current market conditions. Before investing in cryptocurrency, do your market research. The publication or the author are not responsible for any financial loss.

Crypto Stories
View all