Excitement In Terra Classic’s Camp As LUNC Surge To An All-Time High
Terra Luna Classic has hit another achievement as there is an increase in the number of LUNC and USTC holders hitting another high of 5.5 million. The pace of increment is nearly low to the post-Terra Luna crisis in 2022, however, the number of wallets holding Terra Luna Classic Ecosystem tokens keeps on rising, principally because of help from Binance and other crypto exchanges.
Over 5.5 Million Wallet Rise In Terra Classic’s Wallet
The number of accounts recorded to hold LUNC and USTC reaches another milestone of 5.5 million, according to information by Cosmos blockchain explorer ATOMScan. The wallets have expanded from 5 million when the Terra Luna Classic community was upheld by validators and developers assuming responsibility to revive the chain.
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Terra Classic accounts are significantly higher than some top digital currencies like Cardano and Shiba Inu. According to reports gathered recently, the total number of wallets on the Cardano network surpassed 4.6 million. Also, the number of Shiba Inu holders has reached 1.38 million, as per information by Etherscan and ShibariumScan.
While top cryptocurrencies’ wallet numbers keep on ascending in the midst of growing crypto adoption, Terra Luna Classic wallet numbers hint at people clutching to their LUNC and USTC with some expectations of price recuperating during the bull-trending market.
Terra Luna Classic burn crusade upheld by crypto exchange Binance has helped LUNC price to an extent. Binance has been able to burn a sum of 53.48 billion LUNC tokens to date. Other crypto exchanges and projects also burn LUNC to help the community decrease the token supply. Lately, WEEX has resolved to burn LUNC with trading charges on the spot and futures trading pairs.
Read Also: Terraport Hack Victims Inch Closer to Compensation After Months of Debate
5% Jump In LUNC Price
LUNC price bounced 5% from the 24-hour low of $0.000123, a solid support level. The 24-hour low and high are $0.000123 and $0.000134. The trading volume has dropped by 40% in 24 hours, showing a decrease in interest among traders.
Total LUNC futures open interest (OI) has bounced by more than 2% in 24 hours and 4% in recent 5 hours. In the meantime, 1000LUNC on Binance and Bybit has increased by 2% in the past hours. The most recent sentiments are a result of the upcoming major v2.4.2 upgrade.
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