This is because of the announcement of a possible airdrop program for people who will burn their USTC. This is only for people who were holding USTC before the crash, I think. There can be other requirements but these are the only ones I am aware of. USTC is a failed project and it doesn't have any value except for a historical one. Because there are already new UST coins issued and airdropped by the team this old classic USTC doesn't have many demands. The price rally we are seeing can be done by the team.
No one can resist free money, right? Any coin with an announced airdrop would surely bring the attention of whales and airdrop hunters alike. I'm pretty sure the LUNC hype will be over soon. With Terra/LUNA's shady history, I'd stay as much away from it as possible. Not even Terra 2.0 is worth the investment. There are far better options on the market which put users' needs first above all else.
By investing into projects with real utility, you can help secure your financial future. Coins like LUNC, LUNA, and even DOGE are driven by speculation/hype and could disappear in an instant. I wouldn't be surprised if LUNC goes to $0 in the future as people move on to the next big thing in crypto. The market often behaves in strange and bizarre ways, so expect the unexpected. Just my thoughts
