Terra Classic (LUNC) Community News Can Overshadow Do Kwon Crisis?
Even as the noose tightens around Terra Luna crisis, positive news is apparently keeping the Terra Classic community motivated. In a latest, the authorities have arrested Terra‘s head of general affairs. After getting a bench warrant issued against him, the South Korean prosecutors’ office made the move. Meanwhile, the Terra Classic (LUNC) community is highly supportive of the cryptocurrency with high social activity.
Massive Social Dominance With Terra Classic News?
Despite the regulatory and judicial pressure around Do Kwon’s activities, the LUNC community showed promising interest. In the past one month, Terra Classic’s community skyrocketed its activity in terms of social mentions. This shows how active and involved the community is in the project. According to crypto social intelligence platform Lunar Crash, Terra Classic showed massive social activity in last one month.
There was a jump by over 150% in Terra Classic (LUNC) social dominance. Similarly, there was a huge increase over 136% in social engagements in the last one month. Over the same time frame, the LUNC price improved massively thanks to a short price rally last month. As of writing, the LUNC price stands at $0.000294, down 0.42% in the last 24 hours, according to price tracking platform CoinMarketCap. For most part of the last 30 days, the cryptocurrency maintained a price range of $0.000091. At one stage, the LUNC market cap rose nearly six times from under $600 million to $3.60 billion in the space of under three weeks.
How do you explain this? Look at Terra Classic’s mooning community activity over the past month. Terra Classic one month activity:
Social mentions: 2.12 million +153.3%
Social engagements: 1.9 billion +136.7%
Social dominance: 4.07% +153.3%
Another LUNC Bull Run Soon?
Meanwhile, a LUNC investor by name Bull.BnB expressed confidence in a price rally very soon. Earlier this month, crypto exchange Binance said it sent over 5 billion Terra Classic (LUNC) tokens to the burn address. Following the burn announcement, the LUNC price rose significantly. Going forward, more news around Terra Classic (LUNC) could lead to price rise, contrary to the larger sentiment of crypto market.
- Trump Picks SEC Crypto Counsel Michael Selig to Lead CFTC Amid Crypto Oversight Push
- First Spot XRP ETF Hits Milestone as CME Flags Institutional Interest
- Can Hype Price Hit $50 After Robinhood Listing?
- XRP News: Ripple Unveils ‘Ripple Prime’ After Closing $1.25B Hidden Road Deal
- Traders Price In Two More Fed Rate Cuts This Year After Soft Inflation Data
- HBAR Price Targets 50% Jump as Hedera Unleashes Massive Staking Move
- Chainlink Price Outlook: Analyst Predicts $100 as Reserve Adds 63K LINK
- SUI Price Prediction as TVL and Monthly DEX Volume Hit All-Time Highs- What’s Next?
- PUMP Price Prediction as Whales Accumulate 4.2B Tokens- Is 135% Rally Next?
- Dogecoin Price Crash Looms as Flag, Death Cross, Falling DOGE ETF Inflows Coincide
- Solana Price Prediction as Osprey’s S-1 Filing and Hong Kong’s ETF Launch Fuel Reversal Hopes- Is $250 Next?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
