Terra Luna Classic has risen 12% in the past 24 hours, pushing its market capitalization back above $500 million. This is the third time the token has reached this level this month. Over the past 30 days, LUNC has seen a cumulative increase of over 50%.

Market activity rebounds

This rebound was accompanied by increased speculative trading, with a rise in short-term buying around LUNC. The article states that the return of meme-related sentiment to the market is one of the reasons driving the price higher.

• Up 12% in the past 24 hours
• The price has increased by more than 50% in the past 30 days.
• Its market capitalization has returned to $500 million for the third time.

Subsequent trends are attracting attention.

Since the collapse of the original Terra ecosystem in 2022, LUNC has struggled to maintain a sustained upward trend. The market is currently watching whether trading volume can continue to increase, and whether the price will encounter resistance once short-term holders begin to take profits.