Terra (LUNA) and Terra Luna Classic (LUNC) have taken a significant hit today as both digital assets witnessed a notable price drop. Investors and crypto enthusiasts are closely monitoring these developments as the market experiences a bearish trend.

As of writing, LUNA is trading at approximately $0.8759, representing a decline of 6.25% during the last 24 hours. Meanwhile, LUNC is currently trading at around $0.0010, reflecting a more substantial decrease of 8.01%.