The Terra Luna Classic (LUNC) and USTC community is celebrating a significant achievement as the number of holders surpasses a milestone of 5.5 million. While the growth rate may not match the post-Terra Luna crisis surge witnessed in 2022, the continuous increase in wallets holding Terra Luna Classic ecosystem tokens signifies a promising trend, especially with the backing of major exchanges like Binance.
According to insights from Cosmos blockchain analytics firm ATOMScan, the combined count of LUNC and USTC holders has soared to 5.5 million, a testament to the resilience and support of the Terra Luna Classic community, including validators and developers. This surge in wallet numbers marks an impressive rise from the previous count of 5 million. Notably, the number of Terra Luna Classic accounts now exceeds that of prominent cryptocurrencies like Cardano and Shiba Inu.
Recent data reports reveal that the total number of wallets on the Cardano network has surpassed 4.6 million, while Shiba Inu holders have reached 1.38 million, as per Etherscan and ShibariumScan data.
With the growing adoption of cryptocurrencies, the expanding number of wallets for leading digital assets underscores the increasing interest in the crypto market. The rising count of Terra Luna Classic wallets suggests that investors remain optimistic about the potential for LUNC and USTC prices to recover, particularly during a bullish market.
The recent Terra Luna Classic burning event, supported by leading cryptocurrency exchange Binance, has played a pivotal role in boosting LUNC prices. Binance has already burned a substantial 53.48 billion LUNC tokens, contributing to the token’s upward momentum.
In addition to Binance, other crypto exchanges and projects have also initiated LUNC burning events to support the community in reducing the token supply. Despite experiencing a 5% increase from its 24-hour low of $0.000123, LUNC’s trading volume has witnessed a 40% decrease, suggesting a potential decline in investor interest.
However, there are positive indicators as well. The total LUNC futures open interest (OI) has increased by over 2% in the past 24 hours and 4% in the last 4 hours. Moreover, the price of 1000 LUNC on platforms like Binance and Bybit has risen by 2% in recent hours, possibly influenced by the upcoming major v2.4.2 upgrade.
Similarly, the USTC price has seen a 2% increase in the last 24 hours, currently trading at $0.0259. Despite a 40% decrease in trading volume, the USTC market remains dynamic, showcasing resilience amidst market fluctuations
