Terra Luna Classic (LUNC) started a bullish momentum four days after its testnet upgrade. The asset’s Twitter community believes that the current price point might be the bottom for LUNC.
Moreover, LUNC’s price has also started a bullish momentum after its testnet upgrade, becoming the top-third gainer in the past 24 hours. The fallen crypto asset is up by 12% over the past day and is trading at $0.000092 at the time of writing.
LUNC’s market cap is now at $540 million, with a 24-hour trading volume of over $85 million.
Furthermore, on May 9, Terraform Labs was caught transferring Convex Finance (CVX) tokens worth millions. According to Etherscan data, the company’s Ethereum address transferred 1.83 million CVX coins — worth roughly $8.6 million at the time of the transfer to an unknown address.
While LUNC registered a significant 18% loss two days after its testnet upgrade, the asset’s Twitter community stayed bullish. A LUNC holder with the Twitter handle Mike P. believes it might be the bottom line for the asset’s price as he noticed a spike in LUNC’s trading activity on the largest crypto exchange, Binance.
To Mike’s reply, some said that it’s the “bottom” for LUNC while a user with the Twitter handle Trader809 believes the asset’s price would continue its “zigzag” movement for now.
Disclaimer: CryptoNewsBook is an online aggregator that fetches latest crypto news from different sources. This article is provided for general information purposes ONLY and contains data fetched from third party sources; hence, we do not endorse its accuracy. For more details, kindly visit The Source. Please report any fake news or false statement to Our Support Team. If you are the original owner of this content and wish it to be removed on this platform, kindly forward your request to Our Support Team.
Also Note: Cryptocurrencies are unregulated, and no part of this article should be understood nor interpreted as a recommendation/advice. #s2