After a precipitous fall earlier this year, LUNA rose in price within a few hours on Friday, trading near the border of its record high in June.
According to stock market reports, the value of the token soared from $2 to almost $7. At the time of publication of this news, LUNA was selling at a price of about $ 6, demonstrating a significant increase of more than 212% per day with a significantly increased trading volume of the last few days.
LUNA is the native token of the second version of the Terra blockchain, which rose from the ashes after the collapse of more than $60 billion in May this year.
Upon the fact of the Terra scam, an investigation was opened into possible fraud against the creator of the Terraform Labs blockchain network and its founder Do Kwon. The missing blockchain was renamed Terra Classic and issued the LUNC token along with the USTC stablecoin.