The Number Of Terra Classic (LUNC) Holders Increases By 2.7%

The number of holders of the Terra Classic token, LUNC, went up to 12,071 which has 316 more addresses than that in September, or 2.7% more, according to CoinMarketCap.

Since the start of December, the largest Terra Classic token holders have grown their holdings. The top 100 LUNC holders have seen a rise in position size of 1.91% over the last few days of the first month of winter. The same top 10 whales from the Terra Classic have grown by 1.87% in size.

It can be seen that there is some type of pattern where a spike in whales’ bags announces a strong price action for the token by comparing the change in the balance sheets of significant LUNC holders and the price chart of the token. However, the vast quantity of “wrapped” LUNCs in use prevents this computation from being precise.

After being blown up by 500% in the weeks after the end of the summer, LUNC is presently trading at $0.0001402 and has been trending downward since September.

After losing 14% due to the current market sell-off, the price of the Terra Classic token has reached a crucial support level, as seen on the chart.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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