Terra Luna Classic L1TF All Set For Core Upgrade, LUNC Jumps

Terra Luna Classic v2.2.0 Core Upgrade Readiness

L1 Terra Classic Task Force (L1TF) developer Vinh Nguyen took to X to reveal that the developer team is ready for the v2.2.0 core upgrade and will process it after it passes the governance proposal mechanism. Moreover, all full nodes and validators should update with the v2.2.0 release after approval of the proposal by the Terra Luna Classic community.

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The team successfully completed the testnet upgrade and all reported issues are now fixed. Several validators joined the rebel-2 testnet prior to scheduling the mainnet upgrade.

According to the report, code work for the v2.2.0 core upgrade including cosmos SDK upgrade, tendermint migration to CometBFT, IBC-go to v6, and wasmd are completed. The upgrade introduces key changes earlier passed through governance voting including splitting the burn tax to the distribution module.

Read More: Terra Luna Classic Requisite Market Swap Reopening For LUNC And USTC To $1

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LUNC Price Picks Up Momentum

Terra Luna Classic and USTC prices are gaining upside momentum, recovering from the recent drop amid a broader market recovery after Grayscale’s win against the U.S. Securities and Exchange Commission (SEC).

LUNC price jumped 5% in the past 24 hours, with the price currently trading at $0.000064. The 24-hour low and high are $0.0000612 and $0.0000655, respectively.

Meanwhile, USTC price trades at $0.012, up nearly 5% in the past 24 hours. The 24-hour low and high are $0.0123 and $0.0127, respectively.

Also Read:

  • End Of “Goerli” Era As Ethereum Clients Release Updates For Holesky Testnet
  • Bitcoin To Hit $30000 After Key PCE Inflation And Jobs Data?
  • Pro-XRP Attorneys, Ripple CLO, Analysts Weigh In On Coinbase Vs SEC Lawsuit Dismissal

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