According to Cosmos blockchain discovery platform ATOMScan, Terra Classic The (LUNC) ecosystem is seeing a significant increase in holders, with the number of wallets containing LUNC and USTC exceeding 5.5 million.
This number, Cardano and Shiba Inu It exceeds the total number of wallets of previously well-known cryptocurrencies such as. This milestone highlights the continued strength of the Terra Classic community, which is building on the project’s revival following its collapse in May 2022.
The support provided by major cryptocurrency exchanges, especially Binance, appears to be an important factor in increasing the number of LUNC and USTC holders. In particular, Binance’s ongoing LUNC burning campaign has been quite effective, and the exchange has burned more than 40 billion tokens so far.
Similar steps by platforms such as WEEX, which recently listed LUNC spot and futures pairs, contribute to the reduction of the token supply and the potential appreciation of these cryptocurrencies.
Prices Show Upward Movement as Rising Increases Optimism
The increased wallet activity coincided with a positive price trend for both Terra Classic assets. According to data from CoinGecko, LUNC found significant support at $0.000123, gaining 1.61% over the last 24 hours. Similarly, USTC also increased by 2.78% in the past day.
Although trading volumes for both LUNC and USTC have decreased over the past 24 hours, futures open interest and 1000LUNC figures have increased slightly. The positive market movements can be partially attributed to the excitement around Terra Classic’s upcoming v2.4.2 update.
The growth of Terra Classic’s network underscores its unique position in the crypto world. Despite the setbacks, the community has demonstrated unwavering support, fostering hope for the long-term prospects of the project.
This dedicated owner base, combined with initiatives from exchanges and developers, suggests that the potential for a significant price recovery in the future remains a possibility. cryptocurrency The market is volatile.
As with all investments, there is inherent risk. It is very important to thoroughly research and understand the risks before investing in LUNC, USTC or any cryptocurrency.
