• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Monday, June 2, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

LUNC Staking Returns Today, Binance Suspends $LUNC Deposits And Withdrawals Ahead Of Network Upgrade

Will Izuchukwu by Will Izuchukwu
August 26, 2022
in News
Reading Time: 4 mins read
0
terra luna classic thevrsoldier
103
SHARES
Share on TwitterShare on Facebook

A few days ago, @luncdao, a leading Terra Classic community member, proposed plans to get the Terra Classic staking rolling again.

https://twitter.com/LUNCDAO/status/1561594778843619328?t=Ak9u0Cw5xyGg_aUFt-iAsg&s=19

The proposal came after the community continued calling for massive token burn fueled by the unapologetic support from the community to make $LUNC great again. The leading Terra Classic community, LUNCDAO, is at the forefront of this as they define themselves as a group of long-term builders and community OGs who have been involved with LUNC since 2020.

They have shown solid commitment right after the crash, which saw many investors lose their money and stablecoin UST holdings.

The idea of the proposal is to initiate the $LUNC burn, thereby starting the revival movement which the community has always wanted before the fork. The community confirms that they have nothing personal to gain from the plan as there will be no financial incentive for it. They consider it a genuine donation to help $LUNC become great again, seeing they have put in their life work in the project.

Notably, this set of individuals was responsible for building many of the original dapps in the LUNC ecosystem, for example, prism protocol with a $150M Total Value Locked.

Binance Suspends LUNC Deposits and Withdrawals, Supports Network Upgrade

In a recent announcement from Binance, the biggest cryptocurrency exchange will support the network upgrade by halting deposits and withdrawals until the upgrade is completed.

The Terra Classic (LUNC) network upgrade will occur at the Terra Classic block height of 9,109,990, or approximately at 2022-08-26 22:00 (UTC). Binance has announced it will suspend deposits and withdrawals for LUNC at approximately 2022-08-26 at 21:00 (UTC).

Binance confirms in the announcement that the trading of LUNC will not be affected during the network upgrade.

Additionally, Deposits and withdrawals for LUNC will open once the exchange confirms the network is stable. The exchange also notes that there will be an announcement notification once the upgrade is complete.

Binance supporting the LUNC community brings good sentiment to the project as the community continues showing great determination.

In other news, Orion Money Terra Classic Validator has confirmed via a Twitter post that they have fully upgraded, indicating the platform will be ready for staking once the $LUNC staking program goes live.

Orion Money Terra Classic validator has been upgraded! 👊

Terra Classic network change will happen on block height of 9,109,990 or approximately at 2022-08-26 22:00 ⚙

Don't forget to stake with Orion validator once the $LUNC staking is live: https://t.co/ev0WGkfwwN 😉 pic.twitter.com/FYiR3x4pLE

— Orion (@orionstaking) August 25, 2022

LUNC Price Action

The news is affecting the asset’s market value as it currently trades at $0.000122, recording a 20% increase in the last 24 hours. It has a 24-hour trading volume of over $380,839,641. The trading volume has recorded over a 542% increase, according to data from CoinMarketCap.

It has a current market capitalization of $805,136,576, indicating a 20% increase in the last 24 hours. $LUNC price did over 60% increase from $0.00008511 on 19th August to $0.00013700 yesterday. #LUNC is currently trending on Twitter with over 24k tweets. It’s safe to say that the community is super pumped about the new development around the project.

Final Thoughts

This has always been what the community wanted for the project. The sentiment is generally high, as reflected in the price and increase in trading volume. Let’s hope the network upgrade goes well, and then we will see where this leads us.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any service.

Follow us on Twitter @thevrsoldier to stay updated with the latest Metaverse, NFT, AI, Cybersecurity, Supercomputer, and Cryptocurrency news!

Image Source: inueng/123RF // Image Effects by Colorcinch

Tags: Terra Luna
Previous Post

Shiba Inu and ApeCoin Might No Longer Stand at the Forefront of the Meme Coin World With the Arrival of Big Eyes Coin

Next Post

Ethereum Price Falls Below $1,600, as Bitcoin Shows Bearish Action

Related Posts

Binance Beats SEC—Crypto Cheers the Legal Victory
News

Binance Beats SEC—Crypto Cheers the Legal Victory

June 2, 2025
Cardano Tanks 50% From Highs—Hope or Hype Ahead
News

Cardano Tanks 50% From Highs—Hope or Hype Ahead

June 1, 2025
Solana Price Prediction:Is the $200 Dream Dead
News

Solana Price Prediction:Is the $200 Dream Dead?

May 31, 2025
Featured

Netflix Casts Leads for FTX Drama

May 30, 2025
Featured

Trump’s Meme Coin Dinner Under Investigation

May 29, 2025
Altseason Is Here—But Only for a Few Minutes
News

Altseason Is Here—But Only for a Few Minutes

May 28, 2025

Press Releases

Binance Beats SEC—Crypto Cheers the Legal Victory
News

Binance Beats SEC—Crypto Cheers the Legal Victory

by Alex Mercer
June 2, 2025

Introduction From courtroom drama to crypto karma, Binance is having a moment. The SEC has officially pulled the plug on...

Read more
Bitcoin Gains Ground as Job Market Wobbles—Digital Gold to the Rescue?

Bitcoin Gains Ground as Job Market Wobbles—Digital Gold to the Rescue?

May 25, 2025
Altcoin Season Is Loading—But First, Let Bitcoin Do Its Thing

Altcoin Season Is Loading—But First, Let Bitcoin Do Its Thing

May 23, 2025
Dogecoin’s Ready to Bark Again—Could $0.30 Be the Next Fetch?

Dogecoin Ready to Bark Again—Could $0.30 Be Next

May 20, 2025
Ethereum Climbs While PEPE Reloads—Who's About to Explode

Ethereum Climbs While PEPE Reloads—Who’s About to Explode?

May 18, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier