These security improvements aim to significantly strengthen the essential infrastructure. Such action entails a deeper upgrade of the core repository, the performance of end-to-end and cross-chain tests, an official launch of a testnet that simulates a working mainnet, and fixing the bug that could have halted the blockchain.
Nevertheless, community members are rather excited about these security measures, whereas the LUNC holders express doubts about the potential negative impact on the price.
Some members of the community are suggesting that futures trading could be the culprit behind the reduction of open interest and trading turnover for both LUNC and USTC on derivative markets.
The LUNC price has shown a 6% decline in the last 24 hours due to a market-wide selloff, with Terra Luna Classic trading at $0.000131.
On the other hand, the market sentiment for LUNC futures contracts is not bullish, as the short-to-long ratio is negative, indicating that many traders are betting on a depreciation of the LUNC price.
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