The collapse of Terra and its assets, LUNA Classic, and UST caused immense loss to several in the community. Not only did the project receive backlash its creator along with his family garnered backlash. While South Korea continues to probe the downfall of the network, Do Kwon decided to roll out a brand new chain that had no connections with the original chain a.k.a Terra Classic. While most of them migrated to the new chain, an increased number of people decided to stick with the OG.
It seems like LUNC has more fans than anticipated. The entire market was busy finding flaws in Terra 2.0. Meanwhile, Luna Classic was pocketing significant gains. Several pointed out that Kwon continued destroying the savings and investments of people with Luna 2.0. As a result, an array of them wanted to embrace LUNC.
Following the crash of Terra, numerous exchanges dropped support for the LUNC and onboarded the brand new token instead. However, 16 centralized exchanges like Binance, Huobi, Crypto.com, BitMart, OKX, ByBit, and several others were still supporting the original asset.
Prominent crypto exchange, KuCoin revealed that LUNC emerged as the most searched coin over the week. Crypto meme coin, Shiba Inu has been dominating this arena for the longest time, however, LUNC pushed Shib and took over the first spot.
LUNC holders surge by over 500% in a month
As per CoinMarketCap, the total number of unique addresses that entailed Luna Classic was currently at 10,261. This was notably a 560 percent surge since the last month.
Along with its holder count, the price of the asset also witnessed a rise. At press time, LUNC was trading for $0.00006462 with a 5.53 percent increase over the last 24-hours. Despite being 100 percent below its all-time high of $119.18, it was 288 percent over its all-time low of $0.00001675.
As a result, the community was pleased with this surge and expected the original Luna to go to the moon.