The untiring volunteer developers behind the community-owned Terra Luna Classic (LUNC) blockchain are set to roll out the v3.5.0 mainnet upgrade this month. In a lead-up to this major Layer-1 chain upgrade, a proposal to rejuvenate the Market Module has passed the approval threshold, aiming to restore a part of the downtrodden chain’s functionality.
Set to go live on August 15, 2025, this Terra Classic (LUNC) chain upgrade is compatible with Binance, which continues to burn 50% of accumulated LUNC trading pair fees every month. Ultimately, the reactivation of LUNC’s Market Module could assist in stabilizing the de-pegged Terra Classic USD’s market value, which could eventually lead to USTC’s $1 re-peg.
Bears Still Holding Their Grip On LUNC?
With stagnant trading volumes & lack of new decentralized applications (dApps), LUNC’s rebound efforts didn’t bear any fruit, as the altcoin is 12% down in yearly terms. Dropping out of the TOP 200 by crypto’s global market cap, LUNC’s price fell considerably from the yearly peak of $0.0001751, clinched on December 7, 2024. Apparently, bears have dominated since then.
According to the Bull Bear Power (BBP) meter, Luna Classic’s price (LUNC) saw a stronger bull push in mid July, 2025, but that was short-lived. Now, Terra Luna Classic is changing hands at $0.0000579, which is considerably lower than the red-label Bollinger Band envelope (BOLL) at $0.0000604.
If the August 15, 2025 LUNC L1 upgrade goes smoothly, the altcoin’s price could gain bull traction like it did back in February, 2025. A follow up to February’s v 3.4.0 mainnet release, this new upgrade could help LUNC retest February’s heights of $0.00008199, when the altcoin regained $450 million in market capitalization.
On The Flipside
- The August 15, 2025 LUNC upgrade-linked SDK 50.13 proposal is yet to be verified by Orbit Labs, which are responsible for Luna Classic’s maintenance this quarter of a year.
Why This Matters
Developers took it upon themselves to restore parts of Terra Luna Classic’s original chain functionality, bringing the game-tested Cosmos chain up to date with the current DeFi trends.
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People Also Ask:
In short, the v3.5.0 upgrade (August 15, 2025) improves efficiency, security, and dApp support, aligning with Cosmos standards.
It could increase utility & demand, but LUNC ($0.000058) is volatile. Forecasts suggest $0.00009-$0.00019 by 2025, not guaranteed.
The community burns tokens (400B LUNC, 1.8B USTC planned) and develops projects like Terraport and Garuda DEX to grow the ecosystem.
The 6.5T supply & 2022 collapse make $1 very unlikely at least in the short term. However, best-case scenarios suggest $0.0004-$0.02 by 2030.
Low trading volume, market swings, and Do Kwon’s ongoing trial (delayed to 2026) could limit gains. Trust issues from 2022 persist.
