The Terra Luna Classic community recently rejected a spending proposal submitted by the Cosmos developer team BLV Labs. The proposal was criticized for failing to adhere to established governance rules, as there were neither testnet nor mainnet deployments included in the process.
Despite the internal discord and rejection of the proposal, the price of Terra Luna Classic (LUNC) experienced a notable increase, climbing more than 5% as recent developments unfolded. This indicates a potential positive market sentiment towards LUNC, irrespective of the internal governance issues highlighted by community members and developers.
