Urgent! Why USTC Suddenly Skyrocketed 168%?

<p>&nbsp;"I didn't expect USTC to go crazy high after being silent for so long."</p><p><br /></p><p>Unwittingly, the algorithmic stablecoin TerraClassicUSD (USTC) shocked the entire cryptocurrency market when its price managed to climb to $0.047 from $0.013 on November 25, 2023.</p><p><br /></p><p>The massive increase in USDTC was triggered by an update shared by user X called Trader QT, an Official Partner of Luna Classic Labs that revealed a total of 25.6 million USTC worth $500,000 was acquired by Terra Classic Labs as part of the Treasury Reserve Policy.</p><p><br /></p><p>Earlier, USDT was placed on a recovery model to recover its price, but the latest acquisition by Terra Classic Labs may support its main goal of serving as the main supporter of the stablecoin.</p><p><br /></p><p><br /></p><p>In addition to stabilizing USTC's liquidity, Terra Classic Labs which currently has a clear motive also intends to rise again and become an investment asset that can increase user holdings.</p><p><br /></p><p>Terra Classic Labs who bought a large amount of USTC when the price was at $0.021 has seen his investment grow by 76.6%.</p><p><br /></p><p>Since the fate of USTC is tied to the Terra Classic token (LUNC), there is a possibility for its price to climb higher plus there is a community trying to increase its value through upgrades and burning.</p><p><br /></p><p>As of this writing, the price of USTC surged by 168.91% at $0.041 in the last 24 hours with a market capitalization of $371 billion and recorded a 212.39% increase over the last week while LUNC gained 26.81% at $0.000097.</p>