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.
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