LUNC Price Breakout: Terra Classic Community Vote Sparks 20% Daily Surge
- Terra Classic’s v13.1 upgrade vote sparked a sharp rise in LUNC activity and validator participation.
- The proposal introduces new software, a rollback plan, and a scheduled upgrade block for smoother chain operations.
LUNC jumped about 20 percent on the daily chart as Terra Classic opened voting on a new software upgrade. One tall green candle followed weeks of quiet, thin trading. Volume spiked at the same time, showing fresh interest.
LUNCUSDT Daily Chart. Source: TradingView
The move started while community channels shared the v13.1 governance proposal. Traders linked the breakout to that ballot rather than to a wider market story. The chart only shows the reaction; the proposal explains the trigger.
Price still sits at low levels compared with earlier in the year. The focus now shifts from the spike itself to what this upgrade does for the chain.
What the LUNC v13.1 Proposal Changes
The v13.1 text asks validators to move Terra Classic to terrad v3.6.1. The upgrade updates core Cosmos SDK and CosmWasm components and rolls in several bug fixes. Developers already tested the code on the rebel-2 testnet.
All changes aim to keep Terra Classic aligned with newer stacks used across other Cosmos chains. That alignment helps the network receive security patches and feature updates on time.
The network will upgrade at block height 26,479,000, expected around December 18. Validators must stop their nodes, install the new software, and restart together. When enough nodes return, the chain will continue producing blocks without interruption.
Rollback Safety Net and Early Vote Trends
Alongside the main release, the proposal sets out a rollback plan called v13_1. If the v3.6.1 upgrade causes problems and blocks stop, validators can fall back to v3.6.0. This path gives the chain a defined recovery script instead of ad-hoc fixes.
The GitHub documentation stresses that the rollback is only a safety net. Node operators still need backups, test runs, and coordination before the scheduled height. Preparation remains the first line of defense.
Early voting shows strong support from large validators, with most ballots marked “Yes.” As the window stays open, turnout will show how much of the wider community backs this upgrade-driven attempt to stabilize Terra Classic.
Previously, Binance had suspended LUNC deposits to support the network upgrade, as mentioned in our previous news brief, while Do Kwon had pleaded guilty.
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