Terra (LUNA) Becomes Top Holding Among Top 100 Ethereum Whales
Terra (LUNA) price jumps over 25% suddenly on Wednesday to hit a high of $3.08. The price rally came as the LUNA wormhole token becomes a top holding among the top 100 Ethereum whales in terms of U.S. dollars, flipping Lido Staked ETH (stETH) tokens.
Terra (LUNA) Wormhole Token Flips Staked ETH (stETH)
According to WhaleStats, the LUNA wormhole token flipped Lido Staked ETH (stETH) to become the biggest holding by dollars among the top 100 Ethereum whales.
The LUNA token accounted for 25.06% of the total holdings of all tokens, excluding ETH. The total value of the LUNA wormhole held by the top 100 Ethereum whales is almost $820 million. The token even surpassed USDC and USDT holdings of the top 100 whales.
The token brought a rally to Terra (LUNA) token as the whales used the Wormhole interoperability protocol token to exit liquidity. The Terra (LUNA) price jumped to a high of $3.08 and the trading volume reaches almost 150% in the last few hours.
However, the LUNA wormhole tokens were swapped to Ethereum (ETH), USDC, USDT, and Bone ShibaSwap (BONE). Therefore, an upside momentum can be seen in ETH and BONE prices, up over 1% and 10% in the last few hours.
Moreover, conversations between Terra Classic validator LUNC DAO and Bull.BnB reveals whales as the real reason behind the LUNA price pump. The whales made money in a $7 pump last month. Now, whales are trying to exit liquidity.
Meanwhile, whales and traders have also exited from TerraClassicUSD (USTC), with the price down over 17% in the last 24 hours.
Terra Classic (LUNC) Price Under Pressure
Terra Classic (LUNC) price is also under pressure ahead of the U.S. CPI data and the U.S. dollar index (DXY) rising higher. The LUNC price is trading at $0.00028. The 24-hour low and high for Terra Classic are $0.00027 and $0.00030, respectively.
LUNC DAO and Bull.BnB agree that LUNA and LUNC are distinct communities. The Terra Classic community does not trust LUNA or Do Kwon.
- Cathie Wood’s Ark Invest Eyes Stake in Tether as USDT Issuer Targets $500B Valuation
- Kraken Secures $500M at $15B Valuation, Eyes IPO in 2026
- Bybit Lists Ripple’s RLUSD Following BlackRock and VanEck Integration
- SWIFT Plans Stablecoin and On-Chain Messaging Pilot on Linea, Challenging Ripple
- Breaking: U.S. PCE Inflation Rises To 2.7% YoY, Bitcoin Bounces
- Solana Price Set for Q4 Surge as Canary Capital ETF Filing Meets Wyckoff Accumulation
- Avalanche Price Could Surge to $50 as Transactions Jump 200%
- CHMPZ Price Prediction:Will This Net-Zero Community Token be the Next Gem?
- Ethereum (ETH) Price Set for a rebound as Whales Accumulate $1.6B ETH and Outflows Hit $622M
- HYPE Price Prediction As Bitwise Files For Hyperliquid ETF – Is $55 In Sight?
- Shiba Inu Price Eyes Recovery From Demand Zone With Burn Rate Soaring Nearly 400%
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.
