Terra Luna Classic (LUNC) Skyrockets 10% Suddenly, Here's Why

Terra Luna Classic (LUNC) price suddenly started moving higher late Thursday, recording more than 10% jump in the last 24 hours. The move is surprising even for the Terra Luna Classic community as LUNC and USTC prices failed to pick upside momentum despite recent crucial proposals and a chain update.

Terra Luna Classic Shoots More Than 10%

Terra Luna Classic saw trading volumes rising after the community passed two key proposals “Asking Binance To Start Burning USTC” and “Stop Minting and Reminting of USTC”.

CoinGape Media reported a nearly 450% jump in LUNC trading volumes despite Terra Classic ecosystem tokens remaining under pressure amid selloffs in the broader crypto market.

The trading volumes reached a high of $30 billion on Friday, up more than 200,000% in the last 24 hours. Community members speculating about the sudden jump in trading volumes gave reasons of an over-the-counter (OTC) trade and an error originating from the Bitay exchange.

However, a rise in trading volume is noted by the community. An analysis by CoinGape revealed massive movement by LUNC and 1000LUNC traders.

1000LUNC saw over $220k in shorts liquidated in the last 24 hours. The largest single liquidation of $103.59k happened on Bybit. Whereas, LUNC recorded more than $40k in short liquidated in the last 24 hours. The reasons behind sudden liquidation of shorts remain unclear, but it’s likely that traders a bullish on LUNC.

LUNC and USTC Jump

LUNC price jumped 12% in the past 24 hours, with the price currently trading at $0.000061. The 24-hour low and high are $0.0000566 and $0.0000637, respectively.

Meanwhile, USTC price also climbed 2% in the past 24 hours, with the price currently trading at $0.012. The 24-hour low and high are $0.0121 and $0.0127, respectively.

Also Read:

Recommended
Price Analysis

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and 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.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.