Shiba

Terra Classic

Terra

Shiba Inu

Terra Luna Classic has hit a new milestone as the number of LUNC and USTC holders hit a new high of 5.5 million. The rate of increase is comparatively low to the post-Terra Luna crisis in 2022, but the number of wallets holding Terra Luna Classic ecosystem tokens continues to rise, primarily due to support from <a href="https://coingape.com/binance-burns-2-billion-terra-luna-classic-lunc-price-over-30/" target="_blank" rel="noopener">Binance</a> and other crypto exchanges. 
<h2 id="terra-luna-classic-wallets-rises-over-5-5-million">Terra Luna Classic Wallets Rises Over 5.5 Million</h2> 
The number of accounts holding LUNC and USTC reaches a new landmark of 5.5 million, as per data by Cosmos blockchain explorer <a rel="nofollow" href="https://atomscan.com/terra/statistics" target="_blank">ATOMScan</a>. The wallets have increased from 5 million when the Terra Luna Classic community backed by validators and developers took charge to revive the chain. 
Terra Classic accounts are even higher than top cryptocurrencies such as Cardano and Shiba Inu. As per recent reports, the&nbsp;total&nbsp;number of&nbsp;wallets on the&nbsp;<a href="https://coingape.com/cardano-ada-network-witnesses-remarkable-surge-with-4-6-million-new-wallets/" target="_blank" rel="noopener">Cardano </a>network surpassed 4.6 million. Moreover, the number of <a rel="nofollow" href="https://etherscan.io/token/0x95aD61b0a150d79219dCF64E1E6Cc01f0B64C4cE" target="_blank">Shiba Inu holders</a> has reached 1.38 million, according to data by Etherscan and ShibariumScan. 
While top cryptocurrencies’ wallet numbers continue to rise amid growing crypto adoption, Terra Luna Classic wallet numbers hint at people still holding onto their LUNC and USTC in hopes of prices recovering during the bull market. 
<figure id="attachment_187018" aria-describedby="caption-attachment-187018" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class=" wp-image-187018" src="https://coingape.com/wp-content/uploads/2024/03/screenshot-atomscan.com-2024.03.20-18_15_14.png" alt="Terra Luna Classic" width="702" height="503" srcset="https://coingape.com/wp-content/uploads/2024/03/screenshot-atomscan.com-2024.03.20-18_15_14.png 805w, https://coingape.com/wp-content/uploads/2024/03/screenshot-atomscan.com-2024.03.20-18_15_14-300x215.png 300w, https://coingape.com/wp-content/uploads/2024/03/screenshot-atomscan.com-2024.03.20-18_15_14-768x550.png 768w, https://coingape.com/wp-content/uploads/2024/03/screenshot-atomscan.com-2024.03.20-18_15_14-150x108.png 150w" sizes="(max-width: 702px) 100vw, 702px">
 <figcaption id="caption-attachment-187018" class="wp-caption-text">
 Source: AtomScan
 </figcaption>
</figure> 
Terra Luna Classic burn campaign supported by crypto exchange Binance has boosted LUNC prices. Binance has burned a total of 53.48 billion LUNC tokens to date. Other crypto exchanges and projects also burn LUNC to support the community in reducing the token supply. Recently, <a href="https://coingape.com/crypto-exchange-joins-binance-to-burn-terra-luna-classic-lunc-trading-fees/" target="_blank" rel="noopener">WEEX</a> has committed to burn LUNC with trading fees on spot and futures trading pairs. 
Also Read: <a title="XRP Price Drops As New Dates In Ripple Vs SEC Likely Extended Final Judgment Date" href="https://coingape.com/xrp-lawsuit-ripple-us-sec-agree-seal-details-remedies-briefing/" target="_blank" rel="bookmark noopener">XRP Price Drops As New Dates In Ripple Vs SEC Likely Extended Final Judgment Date</a> 
<h2 id="lunc-and-ustc-prices-jump-5">LUNC and USTC Prices Jump 5%</h2> 
<a href="https://coingape.com/price/terra-luna-classic/" target="_blank" rel="noopener">LUNC price</a> jumped 5% from the 24-hour low of $0.000123, a strong support level. The 24-hour low and high are $0.000123 and $0.000134, respectively. The trading volume has dropped by 40% in the past 24 hours, indicating a decline in interest among traders. 
Total LUNC futures open interest (OI) has jumped by over 2% in 24 hours and 4% in last 4 hours. Meanwhile, 1000LUNC on Binance and Bybit has also risen by 2% in the past few hours. The latest positive sentiment is a result of the upcoming major <a href="https://coingape.com/terra-luna-classic-big-v2-4-2-upgrade-passed-lunc-new-futures-listing/" target="_blank" rel="noopener">v2.4.2 upgrade</a>. 
<a href="https://coingape.com/price/terraclassicusd" target="_blank" rel="noopener">USTC price</a> also jumped 2% in the last 24 hours. The price currently trades at $0.0259, with a 24-hour low and high of $0.0243 and $0.0266, respectively. Furthermore, trading volume has decreased by 40% in the past 24 hours. 
Also Read: <a title="Top Analyst Who Predicted Bitcoin Crash Says “Too Early to Buy the Dip”" href="https://coingape.com/bitcoin-price-analyst-who-predicted-crash-says-too-early-to-buy-the-dip/" target="_blank" rel="bookmark noopener">Top Analyst Who Predicted Bitcoin Crash Says “Too Early to Buy the Dip”</a> 
The post <a href="https://coingape.com/lunc-ustc-price-rises-as-terra-luna-classic-holders-hit-record-high/">LUNC and USTC Price Rises As Terra Luna Classic Holders Hit Record High</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

LUNC and USTC Price Rises As Terra Luna Classic Holders Hit Record High

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