USTC and LUNC see major price surges, driven by Terra Classic Labs' investment and community efforts, sparking renewed hope for recovery.
TerraClassicUSD (USTC) and Terra Classic (LUNC) Price surged recently, surprising everyone and showing how dedicated the Terra Classic community are to reviving these assets. USTC has increased by over 283% within 24 hours, now priced at $0.63997, as it moves towards regaining its US dollar peg that has been lost in May 2022.
Terra Classic Labs recently made a strategic purchase of 25.6 million USTC, people believe that this is the reason for the sudden surge in USTC’s price. This investment didn’t just boost USTC's price but also restored some life to the Terra Classic ecosystem.
LUNC is also benefiting from USTC's rally, as it also increased by 57%. This rise in both tokens demonstrates the power of community efforts in influencing the value of digital assets.
Overall, the recent price increases for USTC and LUNC bring renewed optimism for the project’s recovery, showcasing the major effects of community actions in the crypto market.
Below is a chart showing USTC and LUNC Price movement in the past 24 hours
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