Terra Coin Price Balloons 30% – But Can LUNA Reach Higher Terrain?

Terra (LUNA) woke up to a good day on Wednesday as the token made an impressive 30% jump in its price on the way to tallying a high of $3.08. Terra accounted for 25.06% of the entire token holdings among the top 100 ETH whales LUNA price surged by 30% today and hit $3.08 Bullish momentum is possible and trading price might reach $3.25 The crypto, though, immediately experienced price correction as it is trading at $2.69 at press time according to tracking from Coingecko. Still, Terra is looking at a 5.5% increase for the past seven days and a higher jump of 7.4% for the past two weeks. It is still miles away from its all-time high of $18.87 attained in March 28 of this year, losing 85.6% of that value. The good news is that it is currently up by 77.6% of from its all-time low of $1.53 hit on August 29, 2022. Related Reading: Why ApeCoin Traders Should Expect The Next Coming Days To Be Tough For APE Terra Surges As It Flips Lido Staked ETH Tokens According to online crypto information source WhaleStats, Terra became the top holding by dollars of the top 100 Ethereum whales, accounting for 25.06% of all token holdings. In doing so, LUNA was able to edge out Lido staked ETH (stETH) tokens and even surpassed USDC and USDT holdings of the whales. In total, Ethereum whales included in the top 100 held around $820 million worth of Terra digital coin. The wormhole interoperability protocol asset was then leveraged by the Ethereum whal...