Title: The Number of Unique Addresses Holding LUNC Has Grown 500%

Jun 09, 2022 04:30AM ET

By: AnalysisWatch

According to CoinMarketCap, more and more investors are accumulating LUNC.

In the past month alone, the number of unique addresses for LUNC tokens has increased by more than 500%.

The total number of unique addresses holding LUNC tokens now exceeds 10,000.

After the total collapse of the Terra Luna Classic token and its stable counterpart, the UST token, investors fled to the mountains.

Nevertheless, data from cryptocurrency market tracker CoinMarketCap now shows that the token is increasingly attracting investors.

The removal of the UST's peg to the US dollar on May 9 triggered the "hard fork" that led to the collapse of the original Terra Luna currency.

As a result of this event, the original Terra token was renamed LUNC and a new LUNA token was launched.

CoinMarketCap data shows that more users have continued to hold LUNC tokens over the past month.

In the last month alone, the number of unique addresses holding a LUNC token has increased by more than 500%.

While the total number of addresses holding LUNC tokens increased significantly last month, the price of LUNC tokens appeared to be looking for new lows.

A month ago, when the token problems began, LUNC tokens were selling for around $61.2 per LUNC token. However, the token fell by 100% and was eventually sold at USD 0.000066 per LUNC token.

The total number of unique addresses that failed to obtain a LUNC token is now over 10,000, compared to 2,000 a month ago.

LUNC has reached various peaks on the social front over the last 30 days. LUNC dominated the social space with a 21.62% share. This was equivalent to a 95% rise on the same day. However, the fur price quickly fell back.