TechFlow reports that over the past week, tokens related to the Terra ecosystem, including Terra 2.0 and Terra Classic, nearly doubled, expanding their year-to-date gains to over 10,000%.
Over the past 24 hours, Luna Classic (LUNC), Terra 2.0 (LUNA), and terraUSD Classic (USTC) surged more than 70%, with weekly gains exceeding 300%, and accumulated trading volume surpassing $2 billion.
The surge is attributed to factors including Terraform Labs allocating $15 million in liquidity buffer, Mint Cash's plan to back USTC stability with Bitcoin and its proposed airdrop for LUNC and USTC holders, as well as Binance continuing to burn LUNC by permanently removing it from circulation through transaction fees.
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