Saturday, April 20, 2024

Terra Luna Classic Hits New Milestone with 5.5 Million Holders Amidst Rising Interest

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Terra Luna Classic

The Terra Luna Classic (LUNC) has achieved a remarkable milestone as the combined count of LUNC and USTC holders has hit a new all-time high of 5.5 million! 

Although the Terra Luna crisis led to slower growth post the disaster, the increase in wallet numbers has been continuous which underscores the resilience of the Terra Luna Classic community, supported by major exchanges like Binance.

Surging Holder Numbers

Cosmos blockchain analytics firm ATOMScan through their insight report has revealed a significant surge in the combined count of LUNC and USTC holders to 5.5 million, which is a notable increase from its previous count of 5 million holders. 

While Terra Luna (LUNC) boasts its 5.5 million holders, insight reports claim that Cardano’s total wallet count has surpassed 4.6 million, while Shiba Inu boasts 1.38 million holders, according to Etherscan and ShibariumScan data. 

Market Analysis 

The recent burning of Terra Luna Classic, supported by leading cryptocurrency exchange Binance’s burning of 53.48 billion LUNC tokens has contributed to boosting LUNC prices. 

LUNC’s trading volume has witnessed a 40% decrease, however, it has successfully regained a 5% increase from its 24-hour low. There’s also a notable increase in LUNC futures Open Interest and a rise in the price of 1000 LUNC on platforms like Binance and Bybit, potentially fuelled by the upcoming major v2.4.2 upgrade.

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Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

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