In the past two days, the long-silent TerraUSD (USTC) has surged by over 260%, once again becoming the focus of the market.
Many KOLs on X have discussed the core reasons, which are more likely to be the new project Mint Cash that Anchor team members are about to participate in, as well as the new version of Anchor Protocol. They plan to airdrop to previous UST holders and lock USTC for airdrops of Mint Cash for holding USTC.
According to the latest news, Luna Classic Labs has purchased approximately 25.6 million TerraClassicUSD (USTC) from its treasury reserve policy, equivalent to about $500,000, at an average price of about $0.021.
For more USTC trends and hot discussions, please stay tuned to AICoin Express-Featured/Twitter section.
Viewpoint link: https://twitter.com/hellosuoha/status/1728928731966910957
Attached is the KOL analysis link: https://twitter.com/cmdefi/status/1728970384375164939
Follow-up Trends
Regarding the sudden surge of USTC, KOLs have speculated on its future trends.
One speculation is that USTC will return to the stablecoin category.
The other speculation is that the sudden surge of USTC is only superficial and may experience a sharp drop similar to Luna.
Which one do you choose?
Based on the analysis of Xia A, the future trend of USTC in the next 24 hours is: [Bearish]
Past and Present
According to the AICoin calendar, on May 10, 2022, UST once fell to $0.61, severely deviating from its peg.
For more calendar events, please go to download AICoin PC to view: https://www.aicoin.com/
Disclaimer: All content is generated by the intelligent analysis robot Xia A, for reference only, and does not constitute investment advice.
PC users experience Xia A: https://jv.mp/JaQ0CE APP users, please click on the Xia A analysis avatar in the upper right corner of the page to experience.
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