Terra Luna Classic Community Prepares for Major Developments

vct 13 01 25

The community behind the Terra Luna Classic (LUNC) token is preparing for several key upgrades and undertakings that will restore the ecosystem. It is pertinent to note that marketing and development activities such as software updates, mass token burns, and new utility projects are being undertaken amidst Challenges in the broader Cryptocurrency market. Below are the most current trends creating discussion as a part of the Terra Luna Classic environment.

Forks Removal Software Upgrade Underway

The first phase of the Fork Removal Software Upgrade for Terra Luna Classic has been completed by blockchain developer Orbit Labs. The upgrade plan has already been laid to attain governance approval next week while the mainnet upgrade is expected in February.

This upgrade is one of the most significant to bring Terra Luna Classic closer to the broader Cosmos ecosystem. This should improve security updates and maintenance procedures according to Gates. New capability enhancements of the issuance upgrade include: better handling of multi-sends, especially on the implementation concern of the “reverse charge.” These changes are anticipated to improve the network’s stability and the ease of development opening up room for wider adoption.

Massive LUNC and USTC Token Burns

The community of Terra Luna Classic has also been upping its token burn campaigns as part of the recovery process. After Terraform Labs went belly up, the community has now burnt about 400 billion LUNC tokens so far, with the help of the Binance LUNC burn mechanism.

At the moment, preparations are made to bring forth a controlled burn of 1.8 billion USTC linked to the various wallets of the Luna Foundation Guard. Furthermore, the community said that it would want to burn all the USTC in the Oracle rewards pool and the other non-moveable wallets. Such measures introduced by the Lunanauts validator are viewed as the possible trigger for USTC pegging and restoring trust in Terra’s ecosystem.

Expanding Utility on the Terra Classic Network

Investors and enthusiasts have also been powering up the Terra Luna Classic ecosystem with their latest version called “Upgrade to v 3.3.0.” This upgrade eliminates developmental constraints, advancing the ability of developers and decentralized applications (dApps) for the chain.

Several projects are driving utility growth on the Terra Classic network, including:

  • Terraport
  • LBUN
  • Selenium: Selenium is being marketed as a core part of the Terra chain and is modeled after such successful projects as Mirror Protocol.
  • Garuda DEX
  • TerraCasino

Such projects show the possibility of the ecosystem to restore the position of an active incubator regarding innovations and usability.

Terraform Labs has been in the news recently, and the person behind it, Do Kwon, has been arrested and sent to the U.S., where he has nine charges against him. The charges include securities fraud, wire fraud, and commodities fraud, conspiracy to commit money laundering.

Kwon has pleaded not guilty, but his criminal fraud trial can begin no earlier than January 2026. A version of this story was first published on June 14 Prosecutors are now attempting to unseal the devices and translate important messages that are in Korean to English. In the legal aspect, the Terra ecosystem is still recovering from this legal drama, but the community knows where it stands.

LUNC and USTC Price Analysis and Recovery Prospects

Now the cost of LUNC and USTC has been variable during bearish tendencies within the crypto market. Since the previous week this digital asset has been down, with a current price of $0.0001022; about a 15% weekly decline. The range of prices of LUNC in the 24 hours is 0.0001012$ and 0.0001046$. Trading volume remains low historically, and with high anticipation of a final direction of the price, this tends to make the price very volatile.

In contrast, the share price for USTC only rose by 1% to 0.0185 USD. But overall trading volume has gone down by 15% in the last 24 hours and the price is still over 15% down for the week. According to analysts, while LUNC appears to be trading within the channel in the altcoin market, USTC is doing the same. These possibilities indicate that LUNC’s ownership exists at an essential Fibonacci 0.618 level, so an additional price change may be triggered by wider market factors.

Community Challenges and the Roadmap

However, the major challenge faced by the Terra Luna Classic community has been icing on such progress. The current slump in cryptocurrencies has been an issue that has made trading to slow down in this season since traders were forced to re-strategise. Specifically, this period of great uncertainty corresponds with such events as Donald Trump’s inauguration in the USA on January 20, etc.

However, one cannot argue that the community does not continue strong commitment to restore the given ecosystem. Together with technical improvements, burning tokens, and the diversification of the SNT utility projects, we can speak about the holistic strategy development.

Future of Terra Luna Classic

Currently, the Terra Luna Classic community is in a phase of evolution passing through improved technology solutions, effective token elimination, and exciting development projects. Nevertheless, such programs show encourage efforts to revive the lost glory and value of the ecosystem. Due to the ForK removal software update and rising utilization of capabilities such as Selenium and TerraCasino in the future of Terra Luna Classic is bright for developers, investors, and users.

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