Blockchain Terra is one of the most powerful projects in recent times. It is definitely worth taking a closer look at as an investment. The growth of the LUNA token is due to active purchases of BTC to provide the UST algorithmic stablocoin. They have already purchased almost 30,000 BTC for this purpose. Not surprisingly, the price of the LUNA token is already above $100.
By the way, in this article https://arcane.no/research/market-update-bitcoin-trading-at-yearly-highs analysts predict the reserves will grow to almost 50,000 BTC by the end of April. The price of LUNA could rise even more.