Terra Classic validator Classy’s Crypto Sphere has burned nearly 13 million LUNC tokens in a single transaction on Wednesday. The total number of LUNC tokens burned by the community has now reached over 36.227 billion. The validator is associated with Terra Classic influencer ClassyCrypto.

Developers have rolled out the Terra Classic v23 upgrade, says Terra Rebels member and Terra Classic core developer Raider70.

While business activities were put on a hiatus, Terra Classic (LUNC) burns persisted over the weekend, as the community witnessed the incineration of up to 15,197,890 (15.1M) LUNC tokens between Saturday and Sunday despite a massively crashing broader crypto market that has so far put pressure on investors’ confidence.

TerraCVita proposes to help hacked delegators recover funds.

Terra Rebels reduce their headcount to boost efficiency.

Validators on the Terra Classic network have voted to approve 937.5M LUNC for Terra Rebels to make Rebel Station independent of TFL infrastructure. 

The controversial Proposal 11030 by Terra Rebels to separate the Terra Classic (LUNC) community from Terraform Labs and Do Kwon is seemingly passing. TFL staff Jared indeed pointed out earlier that it’s better for Terra Classic to separate from Terra (LUNA).

Terra Classic IBC channel reopening to Osmosis sees promising transaction volume on the first day.

The Osmosis IBC channel is now functional.

As the <a href="https://finbold.com/category/cryptocurrency-news/">cryptocurrency market</a> continues to swim in an ocean of red, the embattled Terra Classic (<a href="https://finbold.com/cryptocurrency/terra-luna-classic/">LUNC</a>) is suffering an exceptionally poor performance after the news emerged that the Terraform Labs founder Do Kwon was hiding in Serbia.