Terra Classic Set for Major Upgrade on August 15 — Price Impact Ahead?

Terra Classic (LUNC) is preparing for a mainnet upgrade to v3.5.0 on August 15, 2025, following community approval of Proposal 12189. This update introduces tax-exempt transaction zones and new native tax logic, aimed at improving utility and encouraging broader adoption.

🔹 Past Upgrades & Burn Activity Fuel Momentum

Earlier upgrades (like v3.4.0 and v3.4.3) led to improved performance and were backed by validators and Binance. These events brought modest price increases and improved community confidence.

Meanwhile, burn campaigns have removed over 395 billion LUNC from circulation—helping support price action, especially during major burn spikes.

🔹 Will This Trigger a Rally?

Bullish Factors:

Functional improvements from tax changes may boost usage.

Continued token burns tighten supply.

Strong validator and exchange support.

Risks to Watch:

Broader market weakness limits momentum.

Past upgrades/burns led to short-lived rallies, not sustained growth.

Heavy resistance near key levels like $0.0001 remains.

🔹 Final Thoughts

The August 15 upgrade could provide a short-term catalyst for LUNC, especially if it’s well-executed. However, long-term upside still depends on real-world use, sustained demand, and stronger market conditions.

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