The Number Of Wallet Addresses Holding LUNC Increased By 500% In Less Than 1 Month
After the failure of Terra (LUNA) and a revival in the form of LUNA 2.0, Terra Classic is still attracting incredible attention from crypto traders.
LUNC still attracts investors
According to statistics from CoinMarketCap, Terra Classic is the second most searched keyword on the website as of June 7th.
Moreover, the data also reported that 10,266 wallet addresses held LUNC, increasing 525.21% in less than one month from 1,642 last month.
Even though many individuals are seeking and holding LUNC, the price of this cryptocurrency continues to plunge. At the time of writing, Terra Classic is trading at $0.0007129, recording a drop of about 15% over the past 24 hours.
The great demand for Terra Classic implies that investors are still very confident about a light at the end of the tunnel. They still believe that LUNC will make a difference with the “win-win” mentality.
Despite issuing a new proposal, LUNA 2.0 had a bad start. The price of LUNA dropped dramatically by 74% after only one day of listing.
With the serious “injuries” that the LUNA-UST collapse has left, many people still look to LUNC as a gamble. Others look to other algorithmic DeFi stablecoin protocols for shelter.
The current price of LUNC is also not very positive.
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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