As a long-term investor in Terra Luna Classic (LUNC), I’m thrilled to see the community’s enthusiasm and participation in staking, which is reflected in the rising staking ratio approaching an all-time high. The massive delegations to validators demonstrate the confidence and belief in the chain’s potential, which is a positive sign for its future growth.
The Terra Luna Classic community has shown optimism as the ratio of staked LUNC tokens nears a record high of 15.16%, reaching a new achievement for this decentralized network. This development follows the significant increase in total staked LUNC, which now stands at 1.025 trillion, due to numerous large-scale delegations to validators.
Terra Luna Classic Staking Ratio Rises Towards ATH
The rate at which Terra Luna Classic tokens are being staked is accelerating, with a significant portion now locked on the chain. The current LUNC staking ratio stands at 15.13%, approaching its all-time high of 15.16%. Members of the community anticipate this ratio to reach 20% in the near future.
Based on StakeBin’s most recent statistics, approximately 1.025 trillion units of LUNC have been secured on the network. A significant surge occurred within the past day, with over 2 billion additional units staked.
As a crypto investor and active community member with the handle Mr. Diamondhandz1, I’m thrilled to share some exciting news regarding my validator, LuncLive. Recently, we hit an all-time high (ATH) with over 21 billion LUNC coins staked! That’s a significant increase from our previous records. In an impressive single transaction, approximately 1.3 billion LUNC coins ($90k) were added to our validator from Binance‘s wallet. This influx of coins underscores the growing confidence in the LuncLive project and the potential of the LUNC token within the Terra ecosystem.
The developer of Terra Luna Classic, Fragwuerdig, has finished creating Oracle Split logic. With this new development, community pool rewards that were previously directed towards tax burn will instead go to the Oracle Pool (OP), thereby enhancing long-term staking incentives. A proposal will be put forth for validation and community approval in order to upgrade the Terra client to version 3.1.0.
LUNC and USTC Prices Jumps With Market Rebound
In the previous 24 hours, LUNC’s price experienced a significant increase of more than 1%, reaching a current value of $0.00007175. Although it fell short of overtaking the $0.000072 threshold, optimism among the community persisted due to the crypto market’s rebound and Terraform Labs’ token burn mechanism.
The price dipped to a low of $0.00007022 and peaked at a high of $0.00007242 within the past 24 hours. Concurrently, there was a substantial decrease of 32% in trading volume, hinting at reduced trader engagement.
Over the past 24 hours, USTC’s price rose by 0.69%, reaching a current level of $0.0161. The day’s lowest and highest points were recorded at $0.01580 and $0.01642 respectively. There was a significant 52% drop in trading volumes, suggesting reduced interest among traders.
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2024-07-13 18:36