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USTC surges 137% after strategic investment

< SmartBot Blog




The price of TerraClassicUSD (USTC) is experiencing a significant uptrend, surging by 137.20% in the past 24 hours and reaching $0.03568. Over the last 7 days, it has gained an impressive 170%. This surge follows an update from Trader QT, an Official Partner of Luna Classic Labs, revealing that Terra Classic Labs has acquired 25.6 million USTC, valued at $500,000, as part of its Treasury Reserve Policy. The average purchase price was $0.021 per USTC. The move is aimed at revitalizing the growth of USTC, which de-pegged from its intended $1 peg in May 2022. Terra Classic Labs seeks to stabilize liquidity for USTC and benefit from its increased value as an investment asset, given its current price of $0.03568, representing a 76.6% increase from the average purchase price.