- The Terra Luna Classic community is implementing significant developments, including a fork removal software upgrade, ambitious token burn campaigns, and ecosystem expansion through projects like Terraport and Selenium, to align with the Cosmos ecosystem and enhance utility.
- Despite current market downturns, these efforts aim to drive LUNC and USTC price recovery, supported by broader altcoin market trends.
The Terra Luna Classic (LUNC) community is gearing up for significant advancements that could potentially rejuvenate its ecosystem and bring price recovery. From software upgrades to ambitious token burns, these efforts are aimed at aligning LUNC with broader market trends while enhancing its utility. Here’s a breakdown of the developments driving buzz in the Terra Luna Classic space.
1. Fork Removal Software Upgrade
The most anticipated update is the Fork Removal Software Upgrade, spearheaded by blockchain developer Orbit Labs. The first phase of removing fork modules is complete, with governance voting on the proposal scheduled for next week. This upgrade, set to go live on the mainnet in February, aligns Terra Luna Classic with the Cosmos ecosystem.
Key improvements include simplified security updates, streamlined maintenance, and fixes for issues like multi-send handling. These changes are expected to create a more robust framework for developers and dApps.
2. Massive Token Burns
The Terra Luna Classic community has taken bold steps to reduce the supply of LUNC and USTC tokens. So far, nearly 400 billion LUNC tokens have been burned, thanks to initiatives like the Binance LUNC burn mechanism. Upcoming plans include burning 1.8 billion USTC from Luna Foundation Guard-linked wallets, tokens in the Oracle rewards pool, and inaccessible wallets.
The burning campaigns, championed by the Lunanauts validator, aim to bolster demand and potentially pave the way for a USTC repeg.
3. Expanding Ecosystem Utility
Terra Luna Classic is actively fostering growth within its ecosystem. Recent upgrades, such as the transition to v3.3.0, have removed barriers for developers and increased network utility.
Key projects include Terraport, LBUN, Selenium, Garuda DEX, and TerraCasino. Among these, Selenium Protocol mirrors the functionality of the once-critical Mirror Protocol, further boosting the ecosystem’s appeal.
4. Legal Developments: Do Kwon’s Trial
The legal woes of Terraform Labs co-founder Do Kwon remain a topic of interest. Recently extradited to the U.S., Kwon faces multiple fraud charges. While his trial is set for January 2026, its outcome could influence market sentiment around Terra Luna Classic.
5. LUNC and USTC Price Outlook
The broader crypto market’s downturn has impacted LUNC, with its price dropping 15% in a week to $0.0001022. However, technical analysis suggests that LUNC is at a critical Fibonacci level, indicating potential volatility and recovery aligned with the altcoin market.
USTC, meanwhile, has seen a slight price increase to $0.0185, despite a 15% weekly decline in trading volume. Analysts believe that LUNC’s recovery hinges on Ethereum’s performance and Bitcoin dominance.
Conclusion
The Terra Luna Classic community is making strides toward revitalizing its ecosystem through strategic upgrades, supply reductions, and project expansions. While market conditions remain challenging, these developments could position LUNC and USTC for a potential rebound in the coming months. Investors and enthusiasts will closely watch how these efforts unfold.