Terra’s 2 Classic Coins Mysteriously Spike in Value, USTC Climbs 42% Higher in 24 Hours – Markets and Prices Bitcoin News

During the last 24 hours, crypto asset prices have improved as the global cryptocurrency market capitalization today has risen 1.9% to $1.07 trillion. Interestingly, the two so-called ‘defeated’ Terra blockchain tokens, now called terraclassicusd (USTC) and luna classic (LUNC), have seen significant gains. LUNC has climbed 8% higher during the past 24 hours and the once-stable coin USTC has jumped 42.2% higher against the U.S. dollar on Tuesday.

Following Do Kwon’s Recent Interview, Terra’s Classic Token See a Market Revival

For some mysterious reason, the two coins associated with Terra’s Classic network — terraclassicusd (USTC) and luna classic (LUNC) jumped significantly in value on Tuesday. The market moves follow Do Kwon’s recent interview with Coinage as the Terra co-founder spoke about the possibility of a mole within the Terra organization.

“If you’re asking me whether there was a mole at TFL, that’s probably, ‘Yes.’ Whether somebody tried to take advantage of that particular opportunity, I would say that the answer is, ‘Yes.’ But if those opportunities existed, then the blame is on the person that presented those vulnerabilities in the first place,” Kwon explained in his interview. “I, and I alone, am responsible for any weaknesses that could have been presented for a short seller to start to take profit.”

Four days later, both USTC and LUNC are seeing significant gains compared to a great number of coins within the crypto economy. LUNC’s price jumped 8% higher today, and USTC has increased 42.2% during the last 24 hours. USTC has seen $65,310,430 in global trading volume today, while LUNC has seen $60,659,973. In addition to the classic coin’s rising, the newest Terra Phoniex network blockchain asset LUNA is up 9.4% during the last day. Compared to the old classic coins, however, LUNA’s $32,205,006 is half the size of LUNC’s and USTC’s daily volume.

Classic Supporters Attempt to Manifest a $1 USTC, Late August Terra Classic Market Revival Follows the Failed Pump During the First Week of July

Statistics show that OKX is the most active USTC exchange today, while Kraken is the top LUNC trading platform in terms of activity. 80.16% of USTC trades are paired with BUSD, while 18.71% of USTC swaps are paired with tether (USDT). While USTC has climbed 42% in value, it is nowhere near close to reaching $1 as it currently is trading for $0.0307…