What happened?
It all started with an update, shared by an "X" user identified as Trader QT, an Official Partner of Luna Classic Labs. According to him, a total of 25.6 million USTC worth about $500,000 has been acquired by Terra Classic Labs as part of its Treasury Reserve Policy at an average purchase price of $0.021 per USTC.
The USTC stablecoin which de-pegged from its intended $1 peg back in May 2022 has been placed on a different recovery model aimed for reviving its price. That news from Terra Classic Labs might boost this ultimate goal and serve as a major milestone for the stablecoin.
LUNC is pumping...
Terra Luna Classic (LUNC) currently has a price of $0.0000989 and is up 34.071% over the last 24 hours. The cryptocurrency is ranked 87 with a market cap of 594.9M. Over the last 24 hours, it saw $330.3M of trading volume. The token has a circulating supply of 5.8T tokens out of a total supply of 6.8T tokens.
