Cryptocurrency token LUNA, which collapsed in May, grew 20% per day

The Terra Classic (LUNC) cryptocurrency, the original blockchain of the Terra (LUNA) token, has grown by 21% over the past 24 hours, according to data from CoinMarketCap.

According to the researchers' analysis, the surge in LUNC’s value is partly due to capital inflows, which increased by about $ 138 million overnight. The LUNC cryptocurrency rose to $ 0.13.

It is not yet known whether LUNC will be able to maintain its position and attract new investors. However, No Worries strongly recommends against investing in Do Kwon's projects, including Terraform Labs.

In early June, Terraform Labs' attempt to recover from the TerraUSD (UST) token crash ended in failure, as the LUNA 2.0 cryptocurrency token dropped 85% in value 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.