Terra Classic

Terra

TerraClassicUSD

The three tokens of the Terra ecosystem — Terra (<a href="https://crypto.news/price/terra/">LUNA</a>), Terra Classic (<a href="https://crypto.news/price/terra-luna-classic/">LUNC</a>) and TerraClassicUSD (USTC) — have gained momentum following an update last week.&nbsp; 
The surge comes a week after <a href="https://crypto.news/what-happened-to-terra-luna-journey-from-crypto-kings-to-fallen-stars/">Terraform Labs</a> deployed $10 million worth of assets in three different liquidity pools.&nbsp; 
LUNA is up by 22% in the past 24 hours and is trading at $0.83 at the time of writing. The asset’s market cap rose to $490 million, making it the 99th-largest cryptocurrency. Terra’s 24-hour trading volume also witnessed a 400% surge, reaching $485 million. 
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 LUNA price, LUNC price, USTC price, social activity, LUNA open interest and LUNC open interest – Nov. 27 | Source: <a href="https://app.santiment.net/charts/JXpJVxe0__sCl" target="_blank" rel="noopener">Santiment</a>
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According to data provided by the market intelligence platform Santiment, LUNA’s total open interest (OI) registered a 23% surge over the past day — rising from around $67.7 million to $82.4 million.&nbsp; 
Moreover, the price surge comes as Terra witnesses a 270% rally in its social activity over the past 24 hours, per Santiment.&nbsp; 
 You might also like: <a href="https://crypto.news/what-happened-to-terra-luna-journey-from-crypto-kings-to-fallen-stars/"> What happened to Terra Luna: one year after collapse </a> 
Luna Classic recorded a 42% hike in the past 24 hours and is trading at $0.00011 at the time of writing. LUNC’s market cap reached $661 million with a daily trading volume of $513 million — making it the 79th-largest crypto asset.&nbsp; 
According to the market intelligence platform, LUNC’s total OI increased by 54% in the past 24 hours — rising from $3.8 million to $5.8 million.&nbsp; 
In addition, per Santiment, Luna Classic’s social volume witnessed a 285% rally over the past day. Following the upward momentum, both LUNA and LUNC have gained a spot among the top trending cryptos on X (formerly Twitter), Telegram and Reddit, according to Santiment. 
Furthermore, <a href="https://crypto.news/terra-community-proposes-lunc-and-ustc-recoupling/">USTC</a>’s 268% rally in the past 24 hours helped it gain the 96th spot among the top cryptocurrencies. The asset’s 24-hour trading volume soared by 2,300%, reaching a whopping $1.1 billion over the past day. USTC is currently trading at $0.063. 
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 Liquidity Deployment (LD) Impact Analysis: Uncovering the Cascading Effects of <a href="https://twitter.com/terra_money?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@terra_money</a> 's Strategic Investment in <a href="https://twitter.com/astroport_fi?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@astroport_fi</a> on Nov 14th. A 25% increase in daily txs and a remarkable 9x surge in new users 🧵 <a href="https://t.co/W6UK0emF84" target="_blank">https://t.co/W6UK0emF84</a> <a href="https://t.co/SAErA2SWx8" target="_blank">pic.twitter.com/SAErA2SWx8</a>— 0xHaM☰d (@0xham3d_eth) <a href="https://twitter.com/0xham3d_eth/status/1728402993899290624?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">November 25, 2023</a>
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Following the deployment, the Terra ecosystem witnessed a 25% surge in daily transactions and a 900% surge in user activity.&nbsp; 
 Read more: <a href="https://crypto.news/square-enix-to-auction-symbiogenesis-nfts/"> Square Enix to auction Symbiogenesis NFTs </a>

LUNA, LUNC, USTC surge as social activity skyrockets after key update

crypto.news

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