$1 billion pumped into Terra Classic’s market cap in a week as LUNC surges by 180%

$Terra(LUNA.CC)$ the original chain of the now collapsed Terra (LUNA) token, is recording increased buying pressure driving its value up.
Notably, the interest in the token appears to defy the ongoing sustained crypto market volatility, with LUNC surging as much as 80% in the last 24 hours, trading at $0.0002939 at the time of publication, according to data retrieved by Finbold from CoinMarketCap on September 1.
Even though LUNC has been labeled as a scam coin, the community has been very active and supportive of the cryptocurrency despite the fact that it was predicted that LUNC would disappear following the controversial crash. Several initiatives have emerged focussed on finding ways to reduce the available tokens and staking capabilities.
Additionally, the most recent increase in Terra’s value may also be ascribed to short squeeze activities carried out by the community in conjunction with an effort to regain the reputation that was lost. In the same breath, some analysts are of the opinion that LUNC might follow in the footsteps of meme currencies such as $Dogecoin(DOGE.CC)$ and Shiba Inu (SHIB).