Terra Luna Classic Proposal Passes Despite Concerns, LUNC Falls 10% USTC 15%

A Terra Luna Classic proposal is approved by the community to cut down a significant number of validators on the Terra Classic chain. The proposal received backlash from some validators and members of the Terra Luna Classic community due to security, centralization, and growth risk, but it has surpassed the pass threshold as some validators in the top 100 voted in favor.