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HomeCrypto NewsMarket1.7B Terra Classic Staked in 24 Hours, 9B in a Week

1.7B Terra Classic Staked in 24 Hours, 9B in a Week


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At the current figure, the community needs 35B+ tokens to reach the 1 trillion staked tokens milestone.

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The Terra Classic (LUNC) staking initiative is experiencing a significant surge in activity, as up to 1,762,058,462 (1.7 billion) tokens have been staked in the past 24 hours, increasing total staked tokens to a massive 964.6 billion. The current figure represents 14.06% of the asset’s total supply.

Rex “Rexyz” Harrison, a notable member of the TerraCVita development group, took to Twitter to draw attention to the significant momentum surge. According to Rex, the community is now approximately 35 billion tokens away from reaching the highly sought-after milestone of 1 trillion staked tokens.


It should be noted that this is not the first time the community has witnessed such a significant surge in staking activity in recent times. For instance, on Feb. 14, over 3.5 billion tokens were staked in 24 hours, resulting in a total staked token count of 958.7 billion. Since then, over 5.9 billion tokens have been staked.

Classy, a prominent Terra Classic influencer, echoed the excitement of the broader community as staked ratio recently crossed the 14% mark.

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Data from StakeBin reveals that the community has staked 9.39 billion tokens over the past week. The majority of these token delegations were made to validators Allnodes and JESUSisLORD.

Notably, 800 million tokens were staked through Allnodes in a single transaction, while a whopping 1.97 billion tokens were recently staked through JESUSisLORD across two separate transactions.

Staking Impact on LUNC Price

The Terra Classic staking initiative, much like the burning campaign, is one of the avenues through which the asset can stage a recovery, and proponents such as Rex have repeatedly championed this narrative.

Two months ago, Rex asserted that achieving a staked token percentage equivalent to 75% of LUNC’s supply would be crucial in driving the asset’s value up by a significant margin of 100x. This ambitious goal would require a staggering 5.15 trillion staked tokens.

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Ammara Mubin is a cryptocurrency reporter and trader with vast experience in the industry. Mubin has written several news stories related to the crypto industry, including non-fungible tokens (NFTs), decentralized finance (DeFi), fundraising, mining, etc. Her major focus is covering regulatory events that are capable of shaping the entire crypto ecosystem.

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