Claim $500Luna Classic (LUNC) Price Rally Extends To 85% As Binance Focuses On USTC
The sudden upsurge witnessed in Terra Classic tokens in the last few days is not the first time for the Terra ecosystem. The community-led Terra Luna Classic chain witnessed multiple revival efforts from introducing burning to inter-blockchain communication (IBC). LUNC price has now skyrocketed 85% this month, with a 65% rally coming this week in response to Mint Cash announcement and USTC perpetual contract launch by Binance.
Terra Luna Classic (LUNC) Gained 60%
With multiple key proposals passed by the community and positive sentiment amid broader crypto market recovery, Luna Classic Labs agreed to purchase 25.6 million USTC worth about $500,000 as part of its treasury reserve policy at an average purchase price of $0.021 per USTC. Trader QT, a partner of Luna Classic Labs, stated this is an initial investment.
It resulted in a 100% jump in USTC price, with the community noting a breakout above resistance. USTC witnessed a further pump as investors also poured money into USTC. It triggered an upside move in the Terra Classic (LUNC), with traders noting a massive increase in liquidity and trading volumes.
Binance Futures launching the USD-M USTC Perpetual Contract with up to 50x leverage sparked further rally. USTC price climbed nearly 400% in two days. The announcement further raised community sentiment, while also speculating whether it was already known to some investors as the Terra ecosystem tokens witnessed sudden rallies.
LUNC price also jumped and made a 60% gain amid the events. LUNC hit 24-hour lows and highs of $0.0000787 and $0.0001256, respectively. Furthermore, the trading volume increased by 1120% in the last 24 hours, indicating interest among traders.
USTC price hit a high of $0.075. The trading volume reached 2100%, but slid after Binance’s USTC perpetual trading announcement. Also, Both USTC and LUNC prices fell massively after TFL denied any link to Mint Cash.
Also Read:
- Terra Luna Classic Community Passes Crucial Proposal; LUNC And USTC Price Skyrockets
- XRP Lawyer John Deaton Reprimands Jay Clayton, Bill Hinman, Gary Gensler
- SHIB Burn Surges 500,000% As Shiba Inu Price Jumps
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.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- AI Coins, Dogecoin Lead Crypto Market Rebound as Elon Musk Lauds Nvidia CEO
- US Crypto Regulation Sets Up Bullish 2026 Outlook, Key Dates to Watch
- Crypto Gains New Use Case as Iran Turns to Digital Assets for Weapon Sales
- Bitcoin Could Rally to $170,000 in 2026 If This Happens: CryptoQuant
- Lighter Team Under Fire After Alleged $7.18M LIT Token Dump Post-Airdrop
- Shiba Inu Price Eyes a 45% Rebound as Burn Rate Spikes 10,700%
- Expert Predicts Ethereum Price Rebound to $4k as BitMine, Long-Term Holders Buy
- Bitcoin Price Prediction Ahead of FOMC Minutes
- U.S. Government Shutdown Looms: These 3 Crypto Predictions Could Explode
- Grayscale Files for First U.S. Bittensor ETF: Will TAO Price Rally to $300 in January?
- Shiba Inu Price Prediction: Will SHIB Show Golden Cross Signal in 2026?
