Breaking: Terra (LUNA) Price Explodes Over 200% And Hit Almost $7, Here’s Why
The Terra (LUNA) price has almost hit $7, skyrocketing over 200% in just a few hours. The price rally is backed by a massive trading volume of over $3 billion, up 850% in the last 24 hours. Recently, the Terra community successfully pushed the Terra Classic (LUNC) price to the $0.0005 target, a rally of 300% in 10 days. A LUNA price of $10 may be seen soon.
Terra (LUNA) Price Skyrockets, Enters Top 60 Crypto List
All Terra tokens are witnessing a massive pump as the Terra community aims for a historical comeback. The Terra Community is pushing the Terra (LUNA) price to the $10 target.
Similar to Terra Classic (LUNC), the daily trading volume of Terra (LUNA) jumped over $3 billion in just a few hours. The 24-hour low and high are $1.90 and $6.91. Thus, an over 200% jump was recorded, which pushed the price to almost $7.
Moreover, Terra has now entered the top 60 crypto list and ranks 58th on CoinMarketCap. The market cap of LUNA is $760 million. Yesterday, the community pushed Terra Classic (LUNC) to hit the $0.0005 target, making LUNC rank in the top 30 crypto list.
As per data by Coinglass, among $13 million in total LUNA liquidations in the last 24 hours, over $11 million in shorts were liquidated. Okex, CoinEx, and Huobi account for almost 80% of shorts liquidated. It pushed the price to rally higher.
At the time of writing, the LUNA price is trading at $5.87 after a slight profit booking.
Terra Classic (LUNC) Price Recovery
The Terra Classic (LUNC) price has skyrocketed 37,000% since the Terra-LUNA crisis. The community has successfully hit the $0.0005 target and now looks to hit $0.01.
Moreover, several exchanges including Binance, KuCoin, Huobi, MEXC Global, Gate.io, CoinInn, and others have announced support for the Terra community’s 1.2% tax burn proposal. The proposal is under voting, and current voting shows the community and validators have already approved the proposal.
The community hopes Binance will soon implement the 1.2% tax burn on off-chain activities such as spot and margin trading.
- ASTER Token Rockets Over 10% in an Hour as Binance Announces Spot Listing
- Whale Dumps Massive $55 Million in XRP to Ripple as Coin Falls Below $3?
- Aster Token Crashes 10% On DEX Integrity Issues Ahead of Airdrop, What’s Happening?
- Spot Bitcoin ETFs Record 2nd Best Weekly Inflows Ever, Bloomberg Analysts Bullish
- Michael Saylor Says “No New Orange Dots” Pausing Bitcoin Buys as Holdings Hit Record $79B
- Dogecoin Price Rebounds 15% From Buy Zone as Whales Add 30M DOGE – Can Bulls Push Beyond $0.30?
- FLOKI Price Prediction as ETP Listing Drives Adoption—Is a 160% Rally Ahead?
- BNB Coin Price Hits ATH as Derivatives Activity Soars—Is $1,520 the Next Stop?
- Aster Price Eyes $3 After Channel Breakout as Open Interest Surges to $1.37B
- Will XRP Price Hit $5 if the SEC Approves ETFs This Month?
- Bitcoin Price Hits $120K Ahead of Q4 — Can Citigroup’s Forecast Hold Up?
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.
