Terra’s LUNC, USTC soar to a combined 44% uptick- Decoding puzzle

ambcrypto.com:

Some events occurred in the crypto market over the 24 hours, which could have been termed “inexplicable.” Undeniably, there are usually reasons for these seemingly puzzling occurrences.

So what was it this time? Interestingly, the “classic” Terra assets took the community by surprise.

TerraClassic [LUNC] and its unpegged stablecoin, TerraClassicUSD [USTC], recorded unprecedented 13.45% and 30.70% upticks from their previous day’s prices as per CoinMarketCap data.

Despite the crypto market trading inconsistencies, the rally of these Do-Kwon-built projects would have stunned other market investors.

However, the increase did not just happen as it seemed like there were hands behind it.

While this is not the first time such a thing has happened, as it was a similar affair in July, the decisions that led to it seem different. This is because its official community, LUNCDAO, took to Twitter, disclosing that they control the LUNC price. 

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