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Terra Luna Classic community expressed positive sentiment as LUNC staking ratio approaches near all-time high of 15.16%, a new milestone for the community-led chain. The move comes as total LUNC staked jumps to 1.025 trillion amid massive delegations to validators.
<h2 id="terra-luna-classic-staking-ratio-rises-towards-ath">Terra Luna Classic Staking Ratio Rises Towards ATH</h2>
Terra Luna Classic <a href="https://coingape.com/glossary/staking" target="_blank" rel="noopener noreferrer nofollow">staking</a> continues to pick pace as people staking large amounts on the chain. LUNC staking ratio has jumped to 15.13% today, near ATH of 15.16%. The community expects staking ratio to rise to 20%.
According to the latest data by StakeBin, over 1.025 trillion LUNC has been staked on the network. The major push happened after over 2 billion in the last 24 hours.
<figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://pbs.twimg.com/media/GSXy1uAWkAAWLfj?format=jpg&amp;name=large" alt="LUNC staked" width="702" height="430">
 <figcaption class="wp-caption-text">
 Source: StakeBin
 </figcaption>
</figure>
Mr Diamondhandz1, a popular community member and owner of LuncLive validator, revealed that the validator has reached a new ATH with over 21 billion LUNC stake. Massive 1.3 billion LUNC ($90k) were staked in a single transaction from Binance wallet.
<a href="https://coingape.com/terra-classic-staking-nears-ath-as-dev-reveals-update-lunc-oi-jumps-20/" target="_blank" rel="noopener noreferrer nofollow">Terra Luna Classic developer</a> Fragwuerdig completes development of Oracle Split logic that will divert community pool rewards from tax burn to the Oracle Pool (OP) boosting long-term staking rewards. A proposal will be submitted to get validator and community approval to update terrad client to v3.1.0.
Also Read: <a title="LUNC News: Binance Reportedly Assisting Terra Classic Community With USTC Revival" href="https://coingape.com/lunc-news-binance-reportedly-assisting-terra-classic-community-with-ustc-revival/" target="_blank" rel="noopener noreferrer nofollow">Binance Reportedly Assisting Terra Classic Community With USTC Revival</a>
<h2 id="lunc-and-ustc-prices-jumps-with-market-rebound">LUNC and USTC Prices Jumps With Market Rebound</h2>
<a href="https://coingape.com/price/lunc" target="_blank" rel="noopener noreferrer nofollow">LUNC price</a> jumped over 1% in the past 24 hours, with the price currently trading at $0.00007175. It pares some gains and failed to surpass the $0.000072 level, but the community remained hopeful about a massive upside momentum as the crypto market recovers amid token burn by TFL.
The 24-hour low and high are $0.00007022 and $0.00007242, respectively. Meanwhile, trading volume decreased by 32%, indicating a lack of interest among traders.
Meanwhile,&nbsp;<a href="https://coingape.com/price/terraclassicusd" target="_blank" rel="noopener noreferrer nofollow">USTC price</a> climbed by 0.69%, with the price now trading at $0.0161. The 24-hour low and high are $0.01580 and $0.01642, respectively. Trading volumes saw a 52% decline in the last 24 hours as traders remain uninterested.
Also Read: <a title="US SEC Closed Door Meeting: Implications For Ripple, Binance, Crypto Market" href="https://coingape.com/us-sec-closed-door-meeting-implications-for-ripple-binance-crypto-market/" target="_blank" rel="noopener noreferrer nofollow">US SEC Closed Door Meeting: Implications For Ripple, Binance, Crypto Market</a>
The post <a href="https://coingape.com/terra-luna-classic-approaches-new-milestone-ahead-tfl-lunc-ustc-burn/" rel="noopener noreferrer nofollow">Terra Luna Classic Approaches New Milestone Ahead TFL LUNC &amp; USTC Burn</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Terra Luna Classic Approaches New Milestone Ahead TFL LUNC & USTC Burn

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