LUNC Community Votes to Hike On-Chain Tax Rate by 300%

The Terra Luna Classic (LUNC) community has approved a proposal to increase the on-chain tax rate from 0.5% to 1.5%, with the upgrade going live on August 2, 2026.

According to the proposal #12223, the new 1.5% fee is imposed only when depositing or withdrawing LUNC directly between owned cryptocurrency wallets.

The breakdown of the newly-imposed 1.5% on-chain LUNC burn tax is roughly divided as follows: 1.2% burned in the process, 0.15% sent to the Community Pool, and 0.15% goes to the Oracle Pool.

Meanwhile, Terra Luna Classic's (LUNC) price setup resembles a local double bottom on the 5-minute charts, with analyst Gopal noting that a clean break above the support zone could confirm bullish momentum and open the path towards $0.0000510.