Luna Classic (LUNC) is currently among the most volatile cryptocurrencies. It delivered a bullish performance in the last few days but those gains have been at risk courtesy of LUNC minting concerns.

A recent development may just be the solution for alleviating those LUNC concerns. A previous proposal (proposal 10983) made it possible to remint 50% of the burnt LUNC tokens. A new update from Terra Luna Classic reveals that the initial proposal has been repealed through Proposal 11111.

The token burn mechanism was supposed to gradually reduce LUNC’s oversupply. Being able to mint more of the token would likely be discouraging to investors and the Luna Classic community. The repeal comes at an ideal time considering LUNC’s latest price action.