- Bloomberg analysts argue that Terra Classic has a relative lack of value and is a relic of Terra’s past.
- LUNC still has buyers across exchanges despite flatlining at near zero in the collapse of Terra’s LUNA and UST.
- Terra Classic price is struggling to make a comeback to the $0.000110 level.
At the Bloomberg Crypto podcast, Mike Regan and Misyrlena Egkolfopoulou argue that there is a class of risk takers scooping up Terra Classic (LUNC) across exchanges. Regan argued that the non-stop promotion of LUNC is surprising.
Misyrlena explained how the “drop the zero” ecosystem came into existence, and crypto investors started chasing zombie tokens like Terra Classic. From meme coin promotion to LUNA-UST collapse, Misyrlena argues that investors believe in the potential and promise of zombie tokens.
The Bloomberg reporter argues that percentage returns earned on staking and rewards and promised returns are indicators of zombie crypto tokens. Dogecoin (DOGE) and
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