Reportedly, Terra LUNA’s price is up over 59%, surpassing $1.2 billion in market capitalization. This recent price hike is most likely due to Revival Plan 2, which recommends creating a new Terra chain without the algorithmic UST stablecoin. In addition, Luna will be airdropped across Luna Classic stakers, Luna Classic holders, and residual UST holders. Whereas essential app developers of Terra Classic will be excluded from the airdrop, making Terra a fully community-owned chain.