LUNC News: Terra Classic Staked Reaches 940B As KuCoin Resumes Staking

Terra Classic (LUNC Kucoin Staking): The crypto community welcomes the KuCoin-led LUNC staking. After it delegated 48 million LUNC in January 2023, the crypto exchange is now back with the LUNC staking services. KuCoin will have voting power of 5.09% due to its return to the LUNC chain as a validator.
Also read: CZ Responds to FATF Annual Report; Calls for More Clarity


Investors will receive a KuCoin Earn LUNC staking plan with an expected annual percentage rate (APR), of 12%. The redemption period is 21 days. The token’s price surged in recent hours as a result of KuCoin’s LUNC delegation. However, it lost its gains. The Terra Classic (LUNC), price is $0.0001822 as of writing. This is a decrease of 0.55% over the last 24 hours. The Terra Classic trading volume has increased significantly in the last 24 hours, by 20.95%.


KuCoin gained back substantial voting power of 5.09% through the staking resumption. The exchange reported last month that its validator had not delegated 48 billion LUNC as a result of a switch in its internal financial account’s pledge node. KuCoin’s voting power fell significantly, with the validator rank dropping to 46 at that time.
Also read: ZeptoLab and The Sandbox Team Up to Enhance Web3 Experience
Trending Stories

About the author

The content presented may contain the author’s personal opinion and is subject to 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