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Terra-related tokens lost an average of 5% in the last 24 hours following the United States Securities and Exchange Commission's (SEC) charges against Terraform Labs and Do Kwon, according to CryptoSlate's data.

The terra luna classic price has fallen to $0.00016791, with its 4.5% drop today following the news that the SEC is charging Terraform Labs and CEO Do Kwon "with orchestrating a multi-billion dollar crypto asset securities fraud." LUNC remains up by 4.5% in the past week, but is down by 4% in the last 30 days, amid a turbulent time for the market as a whole.

Terra Classic (LUNC), the original chain of the collapsed Terra (LUNA) ecosystem, is experiencing a capital outflow after the United States Securities Exchange Commission (SEC) formally charged founder Do Kwon.

Terra Classic blockchain upgrade v1.0.5 successfully went live at block height 11,543,150 on February 15 at 18:28:24. The proposer of the block was Kucoin LUNC Node.

Terra luna classic has risen to $0.00016897 today, capping a 1% rise in the past 24 hours, as the cryptocurrency market recovers from recent losses. This price marks a 9% drop in the past week and a 6.5% decline in the last 30 days, as LUNC teeters between recovery and relapse. 

Our analysis shows that Terra LUNA Classic price is ranging between $0.000135 and $0.000206 levels. LUNC price is supported by upwards trendline.

Terra Classic [LUNC] is on track to reach a new milestone in terms of staking, and it might soon reach 1 trillion. At the time of writing, LUNC staking had already crossed the 995 billion mark, which was a praiseworthy achievement in itself.

While the crypto market reel under regulatory action from US financial regulators, TerraClassicUSD (USTC) and Terra Classic (LUNC) prices show strength as blockchain upgrade v1.0.5 is almost here. It will make transaction fees (gas and burn tax) estimation and future chain upgrade a lot easier and smoother.

Upgrade v1.0.5, which will pave the way for the resumption of the Terra Classic (LUNC) token burning of the cryptocurrency trading platform Binance, is scheduled for launch on February 14, as a development that could positively influence the price of LUNC in the short term.

The terra luna classic price has dropped by 3.5% in the past 24 hours, as part of a marketwide fall caused by speculation regarding the SEC acting against Paxos and the BUSD stablecoin. At $0.00016228, LUNC is also down by 10% in a week and by 8.5% in the last 30 days, with the altcoin seeing its market cap fall below $1 billion over the weekend.

In the daily time frame chart, the LUNC price shows the formation of a rising parallel channel pattern. This structure occurs when prices are moving higher and is contained within two parallel trend lines that are sloping upwards.

The price of Terra Luna Classic (LUNC) has dropped by 11% within the past 24 hours, amid a week of losses for the cryptocurrency market as a whole. Sitting at $0.0001673 at press time, it lost over 22% of its value in a week.

Terra Classic, the network born of Terra's $60 billion collapse, may be at risk of takeover by a staking service wielding disproportionate power.

Terra Classic (LUNC) has had a rough go of it since the TerraUSD (UST) crash back in May 2022. Since then, the digital asset has been trading at over 99% less than its value had been but despite this, the cryptocurrency continues to enjoy the support of both small and large investors alike.

Altcoins in the crypto space have been seeing a lot of volatility lately as major cryptocurrencies Bitcoin and Ethereum face resistances which hindered their growth. Luna Classic, the revival attempt of the Terra Luna ecosystem, is one of those tokens that is facing losses in the short term.

The terra luna classic price has dropped by 4.5% in the past 24 hours, amid a day of losses for the cryptocurrency market as a whole. At $0.00017485, it has gained by 2% in a week and by 3% in the last 30 days, held back from further gains by delays to LUNC burning and in-fighting within the Terra Luna Classic community.

The cryptocurrency community is predicting that the price of Terra Classic ($LUNC) will surge by over 200% this month to trade at $0.0005518 per token, as the community behind the cryptocurrency is making several developments to help it recover.

Terra Classic (LUNC) Kucoin Staking: The crypto community is welcoming the much needed LUNC staking started by KuCoin. The crypto exchange is back with the LUNC staking service after it delegated 48 billion LUNC in January 2023.

The Terra Classic community in total burned over 226 million LUNC tokens in January, maintaining balance as crypto exchange Binance temporarily suspends its LUNC burn mechanism until March. This week, the community has burned over 15 million LUNC tokens, as compared to 12 million LUNC in early January.

Disclaimer The CoinMarketCap cryptocurrency community price estimate is based only on the votes of its users. Estimates do not guarantee end-of-month prices The version of Terra Classic (LUNC) that was originally known as LUNA is undergoing an upgrade from v1.0.4 to v1.0.5.

Terra Luna Classic, the cryptocurrency that powers the original Terra blockchain protocol that collapsed in value in May 2022 after algorithmic stablecoin Terra UST lost its 1:1 peg to the US dollar, has been going sideways this week. Cryptocurrency markets are currently in wait-and-see mode ahead of a speech from Fed Chair Jerome Powell that could trigger fresh volatility after last week's more dovish-than-expected Fed policy meeting.

A few days ago, Terra Classic [LUNC] announced its plans to launch a new upgrade, titled v1.0.5. On the same note, on 6 February, Binance revealed that it will support LUNC's latest network upgrade.

The world's largest crypto exchange Binance on Monday announces support for Terra Classic (LUNC) upgrade. The Terra Classic (LUNC) network upgrade will happen at block height 11,543,150, expected on February 14.

The terra luna classic price has dropped by 3.5% in the past 24 hours, falling to $0.00018462 following losses for the overall cryptocurrency market this weekend. Its current price represents a 5% gain in a week and an 18% increase in the last 30 days, with the altcoin benefitting from a number of proposals from the Terra Luna Classic community to boost its price.