Terra Classic [LUNC] makes a big move; was it backed by strong whale activity

ambcrypto.com:

It is hard to imagine Terra making a comeback after LUNA and UST’s crash but Terra Classic (LUNC) aims to do just that. LUNC’s latest price action suggests significant interest in the project, and whales might also be looking to take part in the action.

LUNC’s first major price pump occurred in the last week of June, during which it rallied by more than 180%. The cryptocurrency has since then shed more than half of those gains but the bulls made a major comeback in the last 24 hours of 15 July. As a result, its price jumped by more than 20% in just a few hours.

Source; TradingView

LUNC’s rally in the last 24 hours comes amid outflows recorded by the Money Flow indicator. Meanwhile, the RSI pushed above the 50% level, confirming healthy bullish momentum.

This upside occurred shortly after it was revealed that one address purchased roughly 8.5 billion LUNC and then sent it to an address with over 2.6 trillion LUNC.