Terra Classic [LUNC] is seemingly rising from the ashes after its collapse earlier in May 2022. One of the most impressive comeback stories of the year is being written about the token.
However, since releasing on the weekend at a starting price of $18.87, the price has dropped 56%.
LUNA classic and UST classic holders got an airdrop of fresh LUNA 2.0 tokens based on two blockchain snapshots on Saturday, May 28, 2022. The crypto asset's initial recorded value was $14.31 per unit at 5 a.m. (ET), and it reached an all-time high (ATH) of $18.87 per LUNA 20 minutes later. At 11:00 a.m. on Saturday, LUNA was trading for $4.20 per unit, down more than 70%.
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