Terra Classic (LUNC), the original chain of the now collapsed Terra (LUNA) token, is recording increased buying pressure driving its value up. Notably, the interest in the token appears to defy the ongoing sustained crypto market volatility, with LUNC surging as much as 80% in the last 24 hours, trading at $0.0002939 at the time of publication, according to data retrieved by Finbold from CoinMarketCap on September 1.
Furthermore, over the last week, the digital asset has risen by as much as 180%, climbing from $0.0001 on August 25. This substantial price rise has seen over $1.2 billion flow into LUNC’s market capitalization from $665 to $1.87 billion between August 25 and September 1, with LUNC valued as high as $2.23 billion at one point during the day. Even though LUNC has been labeled as a scam coin, the community has been very active and supportive of the cryptocurrency.#Web3GrandPappa