Luna, the cryptocurrency that caused the cryptocurrency market to collapse in May, has grown 3 times in 24 hours

As of the time of writing, Terra (LUNA) and TerraClassicUSD (USTC) have shown the best results of the day in terms of price growth.

These virtual assets were pumped (a «pump» is the creation of artificial demand and manipulative price increases) by traders. Experts suggested that the reason could be the interest in the Cosmos (ATOM) digital currency and Terra Classic (LUNC), which recently grew by 2400% in just 7 days.

The value of LUNA has reached $ 6.16, although just a day ago, this digital asset was trading at around $ 2. Its price has tripled in the past 24 hours, which has made short-term investors very happy. We would like to remind you that the original version of Luna, Luna Classic, is no less popular.

In early June, Terraform Labs' attempt to recover from the TerraUSD (UST) token crash ended in failure — the LUNA 2.0 cryptocurrency token has fallen in price by 85% since its release. The fall began immediately after the airdrop, where new tokens were distributed to Luna Classic token holders — the withdrawal of funds from the project was so serious that the price of the cryptocurrency dropped by 67% within a few hours.