The LUCE token, inspired by Catholic imagery, exhibited a sharp price rise following the announcement of Pope Francis' death, triggering increased trader interest.
Surge in LUCE Token Value
According to CoinMarketCap data, the LUCE token, inspired by the Catholic Church's official mascot, rose from $0.00892 to $0.02711. After this spike, the token currently trades at $0.014.
Trading Volumes and Trader Interest
Over the last 24 hours, the LUCE token generated nearly $50 million in trading volume, representing a 515% increase. LUCE's market cap has reached $14 million, although it was below $10 million the previous day.
Challenges Facing LUCE Token
Despite its recent uptick, LUCE remains significantly below its peak price of $0.3272 recorded in November 2024. The token has dropped over 40% in the last week and 63% year-to-date, trading 95% below its all-time high.
The death of Pope Francis drew attention to the LUCE token; however, its long-term prospects raise concerns amidst a general decline in interest in memecoins.
