Terra Classic In a remarkable move, USD (USTC) recorded astronomical growth. The 160% growth in price also revived hopes for the LUNC price.
According to CoinMarketCap, as reported by Koinfinans.com, this astronomical rise allowed USTC to reach new highs and exceeded all expectations with a price of $0.04131.
The catalyst that triggered the rise in price seems to be linked to the strategic investment of the TCL team, which focuses on developing the Terra Classic ecosystem. TCL, USTC It purchased 25.6 million USTC worth approximately $500,000 at an average purchase price of $0.021 per unit.
This strategic acquisition aligns perfectly with TCL’s Treasury Reserve Policy, which aims to stabilize USTC’s liquidity and strengthen ongoing price improvement efforts. The investment instilled renewed confidence among investors and sparked an unprecedented surge in the stablecoin.
What Can Be Commented on Terra Classic (LUNC)?
USTC and Terra Classic (LUNC) are known to be two entities that are still highly interconnected. As the price of USTC continues to gain momentum, it also has the potential to have a ripple effect on the price of LUNC.
Reflecting USTC’s significant rise, LUNC also experienced a significant increase, reflecting its upward trajectory, reaching $0.00009957. This increase in positive sentiment is supported by the belief that USTC’s recovery will breathe new life into the entire Terra Classic ecosystem.