LUNC Lunanauts, one of the leading validators of the network, discussed collaboration and advancement plans that could be a boost to strengthen the network.
Native token LUNC, supported by the Terra Classic community, has recently attracted attention by making significant progress in the crypto space. However, the token price could not react well to these developments and fell.
In the statement made by the validator, Pancakeswap aims to make a seed injection of $100 thousand into the liquid pool to open a pool between LUNC and BNB Chain. Additionally, according to the statement, the token will be whitelisted on the front end.
It is thought that the reason for this move is to help traders take less damage from the volatility they are trying to get involved in.
However, despite the community’s strong efforts to support the LUNC token, the price is not performing as desired. The token is trading at $0.0001448, registering a 12.5% decline in the last 24 hours. The decline approached 20% on a weekly basis.
Meanwhile Terra Classic The community also rejected a major burning proposal that would involve burning 800 million TerraClassicUSD (USTC).