The native crypto of the Terra blockchain protocol, LUNA hit a new ath of $69.74 today.In the last 7 days, the LUNA price went up by over 73.5%. At the moment, it is the 11th largest crypto with a market cap of over $26.2 bln.
The surge happens amid the continuous lawsuit between the Terraform company which stands behind the development of Terra, and the US. Securities and Exchange. The dispute entered a new stage when the government agency turned to the court wanting an order for Subpoena Enforcement Action.
Previously, in September, Do Kwon was served with a subpoena at a crypto event.
Mirror Protocol offers users to issue and trade synthetic tokens, Mirrored Assets. The Terra blockchain’s stablecoin, TerraUSD (UST) has a market cap of over $26.3 bln and is the 27th largest crypto.