Terra (LUNA) set new All-Time High

LUNA, the native token of the Terra blockchain, hit a record high at $59.63 on Dec.1, as demand for the network’s UST stablecoin surges and users chase multiple incentive programs.

This is the second time in November that LUNA has logged a new all-time high. LUNA is currently trading at $57.63, up 11% in the past 24 hours.