LUNA2 jumped 70% to trade at $2.77 on June 27 following a recovery in the crypto space, before retracing to about $2.36.
The trend comes as the cryptocurrencies see massive liquidations despite the current market rebound. The downward momentum has since bottomed out, causing the price of LUNA2 to jump significantly.
Terra network resumed at the beginning of May, with tokens starting to trade on exchanges including Bybit, KuCoin, Binance, and Huobi.
TerraUSD has seen over a 400% surge in the past seven days amid volatility related to the LUNA 2.0. The stablecoin currently trades at $0.02014, with daily trading volumes of $83 million.
Terra Classic has also recorded significant gains, trading at $0.00008521 and trading volumes at $208 million.
LUNA 2.0 has remained 77% down from its May 30 all-time high of $12.24.