LUNC & USTC ווייַזן טאָפּל-ציפֿער גראָוט צווישן קריפּטאָ מאַרקעט קאַפּ, וואָס איז פאַלש מיט זיי?

The failed USTC algorithmic stablecoin (UST Classic) from the infamous Terra project is showing growth of 90%, despite the whole cryptocurrency market being in the red zone מיטוואך.

USTC, which lost its peg to the dollar in early May and fell below the level of 1 cent, managed to revive the quotations of LUNC (Luna Classic), another קאַלאַפּסט token of the Terra ecosystem, with its rapid growth.

At the time of this writing, USTC is trading at 0.78 cents, up 87% today and 850% over the past three days. LUNC, on the other hand, is quoted at 0.000135 cents, up 25% today and 170% since Monday.

וואָס זענען די סיבות?

It is not known for certain what caused such powerful price movements. It seems that everyone forgot about Terra, and the only coverage the project received in the media and on social networks were associated with the controversial head of Terraform Labs, דו קוון.

Nevertheless, social networks are already full of enthusiasm and excitement for the seemingly defunct USTC and LUNC. The networks are filled with rumors and conspiracy theories about the possible restoration of the USTC peg to the dollar and the participation of big players in such a suspiciously positive event. Interestingly, די רומאָרס also touch on the topic of the possible USTC pegging not to the dollar, but to the cent.

א כייפּאַטעטיקאַל וואַלפיש שפּיל פון אַ חודש צוריק.

1) קויפן 8-10 ביליאָן $ וסט פֿאַר אַ פּעני
2) קויפן 50% פון $LUNC ביי $.00006 פֿאַר $200 מיליאָן
3) ברענען די $ וסט
4) קער די $ וסט <-> $ לונאַ ויסבייַטן צוריק אויף
5) $ וסט שייַעך-פּעגס און אַוועק מיר גיין

ס'איז נישט געשען אבער ס'איז אן אינטערסאנטע געדאנק.

- סומאָ (@SumoLuna) יוני קסנומקס, קסנומקס

It is not clear yet how this story will end, but crypto investors could already see similar movements at the end of May, when Terra collapsed. In any case, you should be careful, and maybe it is better not to even participate in trades like this.