Following the failure of Terra (LUNA) and its subsequent relaunch as LUNA 2.0, the platform’s original chain, which is currently operating under the name Terra Classic (LUNC), is garnering an incredible amount of attention among crypto traders.
CoinMarketCap statistics indicate that Terra Classic is the second most-searched cryptocurrency on the site as of June 7 out of all the cryptocurrencies after LUNC was the most trending digital asset earlier on June 3.
Whatsmore, interest among investors is highlighted by the total number of unique addresses that hold assets in the network in the last month; on May 9, there were 1,642 holders compared with 10,266 on June 5, reflecting an increase of 525.21% in just under a month.
Notably, the number of LUNA holders dramatically spiked on May 14, long after the Terraform Labs ecosystem collapsed, causing significant losses for investors of both its stablecoin TerraUSD (UST) and native token LUNA.
Terra Classic price decline
Major, J. (2022, June 7). Terra classic holders increase 500% in a month as investors bet on LUNC Recovery. Finbold. Retrieved June 9, 2022, from https://finbold.com/terra-classic-holders-increase-500-in-a-month-as-investors-bet-on-lunc-recovery/