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Terra Classic (LUNC), formerly called Terra (LUNA), continues to attract interest from investors, noting capital inflows contrary to the general mood in the crypto market.
After the crash TerraLUNC was expected to devalue completely, but the token seems to be gradually earning the support of its community.
Over the past four days, the market capitalization has been maintained at $534 million. As of June 26, the market value of Terra Classic was $388 million, by June 29 it rose to $922 million, i.e. by 137% (CoinGecko data).
During the same period, LUNC’s price has risen by over 120% to $0.00013 at press time.
According to Finbold, the number of Terra Classic holders grew by more than 500% in a month. On May 9, there were 1,642 of them; on June 5, their number increased to 10,266, or by 525.21%.
Some cryptocurrency market experts believe that LUNC can follow the path of cryptocurrency memes and rise in price in a short time.
Note that the rally is mostly supported by retail investors, and under certain circumstances LUNC can trigger a bullish trend.
The surge may also have come after the Anonymous hacker group said they were investigating Terra founder Do Kwon and would get justice.
Recent investigations indicate that Terra Labs had about $3.6 billion in USDT and UST that could be used to manipulate prices or launder money on centralized and decentralized exchanges.
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