Keep building $LUNC . Our time will come!
#TerraClassic #LUNC #Lunaclassic
#TerraClassic #LUNC #Lunaclassic
Terra LUNA & LUNC
@lunc
Admin: @cryptomanagers1
Terra LUNA & LUN Channel Promotional Article (English)
Welcome to the Terra LUNA & LUN Telegram channel! This channel is dedicated to all things related to Terra (LUNA) and Terra's stablecoin LUN. Whether you are a crypto enthusiast, investor, or simply curious about the world of decentralized finance, this channel is the perfect place for you. Follow along for the latest news, updates, price analysis, and discussions surrounding Terra and its native tokens.
Who is it? The Terra LUN & LUN Telegram channel is managed by the admin, @insiver, who is a knowledgeable expert in the field of cryptocurrency and blockchain technology. With their expertise and insights, you can trust that the information shared on this channel is accurate and valuable.
What is it? The Terra LUN & LUN Telegram channel is a hub for all things Terra and its stablecoin LUN. Whether you are looking for investment opportunities, want to stay informed about the latest developments in the crypto space, or simply want to engage in discussions with like-minded individuals, this channel has it all. Join the community today and be a part of the exciting world of Terra and LUN!
Don't miss out on the opportunity to be part of this growing community. Join the Terra LUN & LUN Telegram channel today and stay informed about everything related to Terra and its stablecoin LUN. See you there!
28 Jan, 16:23
Show your $LUNC power💪
Keep burning $LUNC ❤️🔥❤️🔥
#Crypto #LUNC #LunaClassic #LUNCBURN
28 Jan, 11:24
#LunC always surprises us, never consider it dead, it's CZ's baby.
$Lunc #Altcoins #Crypto
27 Jan, 16:17
Terra Classic (LUNC) was originally created to support TerraUSD (UST), a stablecoin tied to the US Dollar through a mechanism involving its cryptocurrency, LUNA. When UST’s value rose above $1, LUNA was created; when it fell, LUNA was burned. This system initially thrived, making LUNA one of the top cryptocurrencies. However, in May 2022, UST lost its peg, causing LUNA’s value to collapse and triggering a major crypto market downturn. A new blockchain and cryptocurrency named LUNA were created, while the original blockchain, now called Terra Classic, continues to support LUNC and is managed by its community. Meanwhile, founder Do Kwon faces legal issues, including charges of fraud in the U.S. and imprisonment in Montenegro for document forgery, with extradition still pending.
Terra Classic (LUNC) operates as a Proof-of-Stake (PoS) blockchain where validators, chosen based on their LUNC holdings, secure the network. LUNC supports the USTC stablecoin, with decisions on burning and minting governed by the community. It enables the creation of algorithmic stablecoins that maintain value through market incentives and decentralized Oracle voting. Users can trade, spend, or save these stablecoins on the Terra blockchain, while LUNC holders earn staking rewards and have governance power, driving demand within a growing ecosystem of decentralized applications.
After Terra’s collapse, Do Kwon introduced Terra 2.0, creating a new blockchain with the native token LUNA, while the original Terra blockchain was rebranded as Terra Classic, with its token renamed Luna Classic (LUNC). A key distinction between the two is LUNC’s burn mechanism, which reduced its supply from 7 trillion to 6.82 trillion tokens through initiatives like a 1.2% burn tax on transactions. Binance also contributed by burning trading fees from LUNC pairs. Unlike LUNC, LUNA has no burn mechanism and focuses on governance without algorithmic stablecoins in its ecosystem.
Luna Classic (LUNC) launched in July 2019 at $1.30 but dropped below $1 shortly after. It stayed under $1 until early 2021, then surged to $22.33 by March 21, 2021. Past performance helps provide context but doesn’t guarantee future results.
After a decline in the following months, the price surged later in the year, hitting $103.33 on December 27.
LUNA reached an all-time high of $119.18 in April 2022 before collapsing to near zero by May, leading to the creation of Terra Classic (LUNC). The coin experienced volatile price movements, spiking in September 2022 after the introduction of a 1.2% tax and Binance burns but declining after legal and market pressures, including the FTX collapse and SEC lawsuits in 2023. Despite brief rallies in late 2023 and March 2024, LUNC’s price trended downward, falling from $0.0005888 at its 2022 peak to $0.00008661 by October 2024, reflecting ongoing challenges in the crypto market.
LUNC price is trading at $0.0001043, down 3.4% in the past 24 hours after a rejection from the 20-day EMA at $0.000106. If the price drops below $0.00008654, it could remain in the range of $0.000082 to $0.000069. However, a rebound above the 20-day EMA could signal strong buying pressure, potentially pushing the price toward the resistance levels of $0.00009102 and $0.000102.
Terra Luna Classic Price Prediction By Blockchain Reporter
In 2024, Terra Classic’s price is expected to range between $0.000139 and $0.000156, with an average of $0.000143. The success of a proposal to repeg USTC could boost confidence in the ecosystem, while failure might lower optimism. Despite uncertainties, the community remains active.
For 2025, Terra Classic’s price could rise to at least $0.000195, with a high of $0.000239 and an average of $0.000202. The project faces challenges but continues to innovate and reduce supply, though competition may limit growth.
27 Jan, 11:09
26 Jan, 16:08
$LUNC burns in January reached 4.67 billion. High volume LUNC transfers increase burn amounts.
There has been a significant drop in the LUNC price in recent weeks, with LUNC falling to $0.00008.
◾️Despite the low price, the increase in high volume LUNC transfers continues. The low price may have an impact on this situation...
#TerraClassic
24 Jan, 16:07
24-Jan-2025:
Terra Classic $LUNC Max Supply: $6,507,479,094,385 LUNC (🔴-0.0012%)
Terra Classic $LUNC Price: USD $0.00008326 (🟢+1.01%)
Terra Classic $LUNC Max Supply: $6,507,479,094,385 LUNC (🔴-0.0012%)
Terra Classic $LUNC Price: USD $0.00008326 (🟢+1.01%)
14 Jan, 10:07
$LUNC HOLD HOLD HOLD HOLD HOLD HOLD HOLD HOLD HOLD HOLD HOLD HOLD HOLD HOLD HOLD #LUNC
13 Jan, 17:22
2025 will be the year of #LUNC .
Keep $LUNC Burn ❤️🔥
Altcoin season will make a HUGE comeback!
Keep $LUNC Burn ❤️🔥
Altcoin season will make a HUGE comeback!
13 Jan, 11:57
Never give up on $LUNC!
Who’s held #LUNC since May, 2022?
Smash the like button if you are a #LunaClassic Diamond Hand!
Who’s held #LUNC since May, 2022?
Smash the like button if you are a #LunaClassic Diamond Hand!
11 Jan, 17:48
The Terra ecosystem collapse in 2022 didn't make as many headlines as FTX, but the total number of victims could exceed 1 million, according to new court documents.
The documents filed this week allege that the number of victims of disgraced crypto mogul, Terraform Labs founder Do Kwon, is “difficult to precisely quantify.”
Kwon last week pleaded not guilty in a New York court to U.S. criminal charges including fraud over the collapse of the Terra crypto ecosystem. His crypto project went up in smoke in 2022, leaving a $40 billion black hole and many investors out of pocket.
“Given the number of potential victims in this case, the government respectfully submits that it is impracticable to give individualized notice to each potential victim,” a Monday court document read.
It added that the government believes that the number of victims “exceeds hundreds of thousands of individuals and entities, and potentially totals more than 1 million.”
Kwon founded the crypto ecosystem Terra, which had the flagship LUNA token and TerraUSD (UST) algorithmic stablecoin as its main products. Investors used it as a gateway into the world of decentralized finance, or DeFi, and LUNA quickly became one of the most valuable crypto coins on the market.
But the UST stablecoin couldn’t keep its stable peg to the U.S. dollar, and the entire ecosystem collapsed, wiping its market cap out very quickly.
Authorities now allege that Kwon conned investors into a sham project to enrich himself. Feds in both the U.S. and Korea have hit him with criminal charges. In the U.S., Kwon is facing nine criminal charges, including securities, wire, and commodities fraud, plus conspiracy to commit money laundering.
“Behind the scenes, core Terraform products did not work as Kwon advertised, and were manipulated to create the illusion of a functioning and decentralized financial system in order to lure investors,” the Monday document read.
Terra collapsed ahead of FTX’s own bankruptcy in 2022. FTX, once a huge crypto brand that allowed users to buy and sell digital coins and tokens, quickly collapsed due to criminal mismanagement.
Following a much-publicized criminal trial, co-founder Sam Bankman-Fried is now serving a 25-year sentence for his part in the collapse of his crypto company. His attorneys have appealed the judgment, claiming an unfair trial.
11 Jan, 10:18
The Terra Lab co-founder began his trial on January 2, when he pleaded not guilty to seven charges, including two commodities and securities fraud counts, respectively. The trial came after the US successfully extradited Kwon from Montenegro after months of tussle with South Korea.
If convicted, Do Kwon could face up to 50 years of imprisonment. That would be more than FTX’s Sam Bankman-Fried, who got 25 years for his involvement in the exchange’s implosion the same year.
Meanwhile, the South Korean national will face trial in the same jurisdiction that tried SBF, Binance’s Changpeng Zhao, and former Celsius CEO Alex Mashinsky. He will appear in court on Wednesday to continue the legal proceedings.
10 Jan, 16:17
Terraform Labs’ co-founder, Do Kwon, will be embroiled in a lengthy legal case following the latest disclosure. Kwon was allegedly involved in the capitulation of the project’s algorithmic stablecoin, TerraUSD.
The stablecoin depegged in 2022, sparking the notorious crash of the network’s native token, LUNA. As a result, the implosion wiped out over $40 billion from the cryptocurrency market and catalyzed a series of bankruptcy filings from major digital asset firms considerably exposed to the ecosystem.
Meanwhile, with the case still new, the prosecutors stated that converging victims of the fallout for a fair trial was unrealistic due to the large number. However, the government proposed creating a website to update affected entities on the legal process.
Furthermore, the prosecuting council will allow victims exposed to the $40 billion wipeout to participate in the legal process. Interested parties can come forward and testify against Do Kwon and Terraform with evidence.
09 Jan, 15:17
A recent court filing by US prosecutors claims the impact of Do Kwon’s Terra LUNA collapse may have extended to millions of investors.
Terra founder Do Kwon’s trial has not kicked off properly, and the US prosecutors are already releasing big statements. One of which is the latest assertion from Daniel Gitner, US Attorney, that the 2022 Terra collapse affected millions of users.
In a filing with a New York District Court on January 6, US prosecutors estimated the number of well-meaning investors exposed to the Terra fallout two years ago. Per the disclosure, the number of entities affected by the collapse exceeded hundreds of thousands and could run into millions.
08 Jan, 10:43
LUNC price jumped 6% in the last 24 hours, with the price currently trading at $0.0001148. The 24-hour low and high are $0.0001081 and $0.0001153, respectively.
Moreover, the Terra Luna Classic trading volume has increased by 33% in the past 24 hours, indicating a rise in interest among traders. Besides, a recent LUNC price analysis hints at a potential rally for the crypto to $0.000179.
Meanwhile, USTC price also climbed 5% to $0.02053. The price is now trading at $0.02053, with the trading volume also rising by 3% in the last 24 hours.
07 Jan, 16:42
The Terra Luna Classic community saw 1.7 billion LUNC tokens burned by crypto exchange Binance, as per the burn transaction on January 1.
In the 29th batch of the LUNC burn mechanism, the crypto exchange burned $233,156 in trading fees for the period between November 30 to December 30. The total LUNC burned by one of the top crypto exchanges has now reached nearly 68.39 billion LUNC tokens.
Notably, Binance burned 1.72 billion LUNC in the previous batch of the monthly burn mechanism. The top crypto exchange burns 50% of LUNC spot and margin trading fees monthly to support the community’s revival efforts. The community has burned nearly 395 billion LUNC tokens in 2 years and now hopes to see major LUNC and USTC burns as part of the narrative.
Terra Classic validator Lunanauts has launched the Buy Back and Burn USTC initiative, triggering a burn narrative in the community. Other validators have joined the campaign swapping LUNC rewards to USTC and then sending the amount straight to the burn wallet.
07 Jan, 13:31
Binance Terra Luna Classic (LUNC) burn approaches new milestone. With the latest 1.7 billion tokens burned in the 29th batch of its LUNC burn mechanism, the community hopes for a massive rally in LUNC price in 2025. With the latest Binance LUNC burn, the total tokens burned by the community reached 395 billion.
07 Jan, 11:52
The daily chart shows that the Terra Luna Classic price has remained in a tight range even as the token burn continues. It is consolidating at the 50-day and 100-day moving averages and remains below the key resistance level at $0.0001311, its highest swing in May last year.
LUNC token is also forming a bearish pennant chart pattern, which may stage a strong bearish breakout in the coming days. If this happens, the next point to watch will be at $0.00009060, the lower side of the pennant pattern.
06 Jan, 14:41
The Terra Luna Classic price rose for the second consecutive day after Do Kwon pled not guilty in New York and after Binance incinerated over 1.7 billion LUNC tokens.
The LUNC token was trading at $0.0001150 on January 1, up by over 25% from its lowest level last month, giving it a market cap of over $1 billion.
Binance burns 1.7b Terra Classic tokens
The main Terra Luna Classic news was that Binance continued burning the tokens, a move that aimed at reducing those in circulation. It burned over 1.7 billion tokens, currently worth $193,000. This came after the company burned 1.728 billion LUNC tokens on December 1 and 1.048 billion the previous month.
These burns solidify Binance as the biggest LUNC burner, having incinerated over 70 billion tokens in the last two years. These tokens represent about 17.7% of the total. It has done over 2,200 burn transactions. The other top burners are DFLUNC Protocol, LunaticsToken, MEXC, and Terraform Labs.
Altogether, over 396 billion Terra Luna Classic tokens have been burned since May 2022, when the original Terra ecosystem crumbled. 237 million tokens have been incinerated in the last seven days, a trend that may continue for a while.
LUNC price also reacted mildly to the latest Do Kwon news. Kwon, the founder and controlling shareholder of Terraform Labs, was recently extradited to the United States from Montenegro. He has pleaded not guilty in a New York court.
Kwon has been charged with deceiving investors about the Terra Blockchain, its stability, and its partnership with Chai, a popular money transfer service in South Korea. He is being prosecuted by the same officials who charged Sam Bankman-Fried, who received a 25-year prison sentence.
The LUNC price reacted mildly to Do Kwon’s issues because he is no longer involved in the project. Terraform Labs has already filed for bankruptcy, and last year, it agreed to burn billions of LUNC tokens.
05 Jan, 15:39
I’ve seen some posts saying that *LUNA Classic (LUNC)* will reach *119* in 2025. Seriously? It seems like some people didn’t do their homework or *market research*.
Here’s the Truth
Even if they burn *trillions of tokens*, *119* is just *impossible* in the short-term. Sure, burning tokens can help *reduce supply*, but it's going to take *years* to even make a dent in the total circulating supply to reach such a high price. *LUNC* would need *a massive market cap* to even come close to119—and that’s just not realistic for a token like this anytime soon.
What You Need to Know
- *LUNA’s Fall*: Remember *the LUNA crash in 2022*? That event changed everything for *LUNA Classic* (LUNC) and the entire *Terra ecosystem*. It shattered confidence, and we’re still recovering from the fallout.
- *Current Price*: *LUNC* is currently trading at *around 0.0001* (as of now). At these levels, it would need to grow by a *huge percentage* to even reach1, let alone 119.
Why119 is Unrealistic
1. *Total Supply*: *LUNC* has a *massive supply* (in the *trillions*), and burning tokens will take years to reduce it significantly. Even if they burn a huge chunk, the price won’t skyrocket that fast.
2. *Market Cap*: For *LUNC* to reach 119, its market cap would need to be *in the trillions*, which is nearly impossible for a coin with its current market cap. Bitcoin itself is *worth less than1 trillion*.
3. *Adoption and Use Case*: Just burning tokens isn’t enough. *LUNC* needs real-world *adoption* and *utility* to drive its price up. Without that, it’s just speculative hype.
Stop Misleading New Traders!
- *Do your research*: The market is tough, and misleading information only harms new traders who don’t know better.
- *Long-term vision*: If you're holding *LUNC*, keep your expectations realistic. The road to recovery for *LUNA* is a *long one*, and it's not going to hit 119 anytime soon.
- *Patience*: For *LUNA* to regain its glory, it will require *years* of rebuilding the trust and a *stronger ecosystem*.
Conclusion
Don’t fall for the hype and wild predictions. *LUNA Classic (LUNC)* has a long way to go, and *119 in 2025* is simply *not happening*. Stay informed, stay realistic, and don't let FOMO take control. \
04 Jan, 11:38
Therefore, with the LUNC price remaining above these support levels, and with the burn rate continuing, it is likely to rebound. If this happens, the first target to watch will be the support at $0.0001311, up by 21% above the current level. That will be followed by a move to the December high of $0.000179.
The alternative scenario is where the Terra Luna Classic price loses the psychological support at $0.00010. This level, which coincides with the ascending trendline, will point to more downside, potentially to $0.000079, its lowest swing on November 3.
03 Jan, 15:37
The LUNC price rose and peaked at $0.0001791 as Bitcoin and most other altcoins rallied. However, it then lost momentum and dropped 40% to its current $0.0001080. The token also moved below the important support level at $0.0001311, its highest swing on May 30th.
On the positive side, the coin formed a hammer pattern on December 20, a popular reversal sign. This pattern consists of a long lower shadow and a body. Another positive is that it has remained above the 200-day moving average and above the ascending trendline connecting the lowest levels since August.
02 Jan, 11:37
Terra Luna Classic price has retreated even as data points to an accelerating pace of burn rate. According to LUNCMetrics, the network burned 48.7 million tokens on Monday this week. Most of these burns, or about 44.5 million, were on-chain burns, while the rest were daily wallet burns.
The burn rate has been on an a gradual increase as the network incinerated 29.7 million tokens a day earlier and 17 million on Saturday. Terra Luna Classic has cumulatively burned over 286.9 million tokens in the last seven days. These burns have brought cumulative burns since inception in May 13 2022. The burning trajectory will likely continue to accelerate in 2025.
Burning or incinerating is a popular process in the crypto industry. In this process, tokens are moved to an inaccessible address, boosting their price by reducing the number in circulation.
LUNC price has also pulled back even as its ecosystem grows. For example, Air For LUNC, a top play-to-earn game in the network was recently named one of best blockchain action game of the year.
01 Jan, 15:27
The strong LUNC price rally experienced between August and early December has faded as most cryptocurrencies reversed. With the new year kicking off and the Terra Luna Classic burn rate continuing, will the LUNC token soar?
01 Jan, 00:05
As we welcome 2024, we want to express our heartfelt gratitude to each and every one of you who has been part of the Terra ecosystem. This year has been full of challenges, growth, and transformation — and together, we've come a long way. 🌟
With the incredible resilience of LUNA & LUNC holders, the Terra community is stronger than ever, and we can’t wait to see what the future holds. There’s so much to look forward to in 2024 — more updates, development, and, most importantly, continued unity within this amazing network.
Let’s make this year the one where we reach new heights, strengthen our investments, and continue building the Terra ecosystem to new levels of success. 🚀💫
Here’s to a prosperous and exciting 2024 for LUNA, LUNC, and the entire Terra community! 🌍💪
Thank you for your ongoing support and belief in the future. Stay strong, stay connected, and let’s continue this incredible journey together.
30 Dec, 15:44
With version 3.3.0, this is a monumental move for Terra Luna Classic and provides an outlook on improving utility from the chain to developers and projects involved, reported CNF. This iteration is essentially about tax mechanism enhancements and improvements in the total functioning of the platform.
Binance made an official statement stating that the exchange fully supports the Terra Luna Classic v3.3.0 upgrade. It is going to temporarily suspend deposits and withdrawals on the network, but trading of LUNC tokens will not be affected during this process.
“Binance will handle all technical requirements involved for all users,” the exchange assured in its announcement. The exchange will ensure a seamless transition for its users. Meanwhile, other crypto exchanges, like Bybit and OKX, have also announced support for the v3.3.0 upgrade.
Moreover, it’s worth noting that Binance has also been actively contributing to the revival efforts of the network in Terra Luna Classic. For instance, Binance participates in monthly LUNC burn initiatives that intend to decrease the token supply. To date, the community has burned a total of 393.87 billion LUNC tokens, and Binance accounts for 68.39 billion of this through its contributions.
The v3.3.0 upgrade includes a number of features aimed at making operations smoother and the network performance better. The upgrade will simplify the process of handling taxes, which automatically deducts taxes from the transactions before sending them to the recipient’s wallet.
The update is likely to improve the efficiency of the network and attract more developers who are willing to develop decentralized applications (dApps) on the platform. Whilst community efforts toward reviving Terra Luna Classic involve focusing on key areas such as increasing utility, supporting the USTC repeat, and accelerating the LUNC burn initiative.
30 Dec, 11:43
Binance, the world’s leading crypto exchange, has recently announced it will support the Terra Luna Classic (LUNC) network upgrade scheduled for December 17, v3.3.0. As per StakeBin, the hard fork is going to occur at block height 21163600 at about 14:02 UTC.
29 Dec, 12:34
Launching the testnet represents a crucial phase for Selenium, providing a controlled environment to refine features and address potential issues. The team has prioritized usability, creating tutorials to onboard new users seamlessly. The testnet will soon open to the public, signaling the platform’s readiness for broader adoption.
Looking ahead, Selenium plans to list the SELE token on Centralized Exchanges (CEX) by early 2025. The platform remains optimistic about favorable policies for digital assets under the incoming U.S. administration, potentially fostering significant growth opportunities.
At the time of writing, Terra Classic (LUNC) is priced at $0.0001061, reflecting a 7.45% decline in the past day and a 20.77% drop over the past week.
28 Dec, 11:33
After the successful Terra Luna Classic nearing key proposal approval before the v3.3.0 upgrade, as revealed in a recent CNF update, Selenium Protocol, a DeFi platform on Terra Classic, is preparing for a major milestone with its testnet launch.
The team shared this news on X, offering a glimpse into the platform’s functionality with a strong emphasis on user experience. As a hub for synthetic assets, Selenium allows users to engage with tokenized versions of assets like stocks and commodities without owning the underlying assets.
The preview highlighted a sleek user interface designed for monitoring and trading synthetic assets, such as Amazon (sAMZN), Gold (sGOLD), and Google (sGOOG). This transparency-focused design aims to simplify trading for users and build trust in the protocol.
Selenium Protocol specializes in “selenized assets,” synthetic tokens that mirror real-world asset prices. These tokens offer blockchain users opportunities to speculate or hedge against price movements.
Powered by the SELE token, Selenium facilitates governance participation and incentivizes platform use. SELE holders can vote on protocol development, ensuring decentralized input and community involvement.
27 Dec, 16:26
Terra Luna Classic $LUNC , the legacy token of the Terra blockchain, continues to demonstrate its resilience and utility. Renamed after the UST depegging in May 2022, LUNC powers the Terra Classic network by enabling staking, governance, and stablecoin minting. Its algorithmic stability mechanism underpins a decentralized ecosystem hosting fiat-pegged tokens and facilitating financial innovation.
At its peak on April 5, 2022, LUNC reached an all-time high of $119.18. Currently priced at $0.0001161, it presents a unique opportunity for investors seeking long-term growth. It is essential to recognize that the forecast relies on Terra Classic achieving the same level of demand as it experienced in 2022. While there is no certainty that such demand will return, there is also the possibility of even greater demand emerging in the coming years. Experts forecast a potential surge to $39 by 2025, driven by sustained community involvement, validator incentives, and its robust Proof of Stake architecture.
As LUNC continues to stabilize its ecosystem and incentivize validators with rewards such as staking returns, gas fees, and seigniorage, now may be the ideal time to capitalize on its undervalued market position and promising future trajectory.
27 Dec, 11:21
IT MEANS THAT IT WAS JUST A MOMENTARY MALFUNCTION OR ERROR ,
SO, NO ONE WAS ABLE TO SELL THEIR #LUNC AT THIS PRICE BUT IT MIGHT BE A TARGET OR PLAN THAT WILL HAPPEN IN THE FUTURE !
26 Dec, 16:53
$LUNC (Terra Classic) and a more than 392% move to to $0.000593 remains on the radar.
25 Dec, 16:36
#LUNC TO $1
Be patient ✅
Be patient ✅✅
Be patient ✅✅✅
24 Dec, 16:33
This model is still being created.
Possible downward price movement towards support 84.60k within the next 3 days.
23 Dec, 16:08
LUNC & USTC Price Swings
Terra Luna Classic’s price has fluctuated slightly in recent days. Recently, the LUNC price lost over 2%. However, the LUNC token experienced a significant uptick as it managed to increase by 1.71%, reaching $0.0001309 today with a 24-hour range of $0.0001286 to $0.0001345.
Trading volume for LUNC also increased by 12.09% to $64.2 million, showing increased interest among traders while the upgrade is ongoing, according to the CNF report. Thereby, market analysts are still very interested in the long-term future of LUNC price. They are positive about consistent staking and the possibility of an upward price movement in the future.
Meanwhile, the USTC price also rose by 1.81%, trading at $0.02311 at the time of writing on December 17, Tuesday. Moreover, the trading volume of USTC increased by 22.33% to $16.4 million during the period, indicating that people are active despite the price drop.
Terra Luna Classic’s price has fluctuated slightly in recent days. Recently, the LUNC price lost over 2%. However, the LUNC token experienced a significant uptick as it managed to increase by 1.71%, reaching $0.0001309 today with a 24-hour range of $0.0001286 to $0.0001345.
Trading volume for LUNC also increased by 12.09% to $64.2 million, showing increased interest among traders while the upgrade is ongoing, according to the CNF report. Thereby, market analysts are still very interested in the long-term future of LUNC price. They are positive about consistent staking and the possibility of an upward price movement in the future.
Meanwhile, the USTC price also rose by 1.81%, trading at $0.02311 at the time of writing on December 17, Tuesday. Moreover, the trading volume of USTC increased by 22.33% to $16.4 million during the period, indicating that people are active despite the price drop.
22 Dec, 16:06
Binance, the largest global crypto exchange, announced its support for the upcoming upgrade to the Terra Luna Classic (LUNC) network.
Scheduled for December 17, the v3.3.0 update is a critical step for the blockchain’s tax management and aims to boost its utility by attracting developers and new projects.
The exchange confirmed that the upgrade will occur at block height 21163600, around 14:02 UTC. In preparation, Binance will temporarily suspend deposits and withdrawals for LUNC tokens to ensure a seamless transition. However, trading of LUNC will not be affected during this period, as Binance will handle all necessary technical aspects.
Binance has been a key supporter of the Terra Luna Classic revival, previously implementing a monthly LUNC burn mechanism to reduce the circulating supply. Other major exchanges, including Bybit and OKX, have also pledged their support for this vital network upgrade.
The v3.3.0 update brings several important features, including automatic tax deductions for transactions, which simplifies tax handling. Additionally, the upgrade enhances network security and improves the overall utility of the platform, making it more accessible for developers and decentralized applications (dApps).
This update is part of the broader effort to revitalize Terra Luna Classic, including the burning of LUNC tokens and the potential repeg of the USTC stablecoin. The community has already burned over 393 billion LUNC, with Binance contributing 68 billion.
22 Dec, 11:05
LUNC and USTC Price Action
Raising the burn tax to 1.5% will increase the rate of LUNC and USTC burns from the tax, the community pool funding rate, and funding to the oracle pool for long-term Terra Luna Classic staking rewards.
LUNC price fell 9% in the last 24 hours amid market-wide selloff, with the price currently trading at $0.0001135. The 24-hour low and high are $0.0001115 and $0.0001243, respectively. However, trading volume has increased by 38% in the last 24 hours.
Meanwhile, USTC price also dropped 7%, with the price now trading at $0.02029. The 24-hour low and high are $0.01887 and $0.02178, respectively. The trading volume saw an 87% rise over the last day.
Raising the burn tax to 1.5% will increase the rate of LUNC and USTC burns from the tax, the community pool funding rate, and funding to the oracle pool for long-term Terra Luna Classic staking rewards.
LUNC price fell 9% in the last 24 hours amid market-wide selloff, with the price currently trading at $0.0001135. The 24-hour low and high are $0.0001115 and $0.0001243, respectively. However, trading volume has increased by 38% in the last 24 hours.
Meanwhile, USTC price also dropped 7%, with the price now trading at $0.02029. The 24-hour low and high are $0.01887 and $0.02178, respectively. The trading volume saw an 87% rise over the last day.
21 Dec, 16:04
LUNC News: Terra Luna Classic Community Burn Tax Proposal
The Terra Luna Classic community is voting on proposal 12149 “Set On-Chain Tax Rate to 1.5%” on the Station wallet. It aims to increase the on-chain tax rate from 0.5% to 1.5% and leave it unchanged unless the total supply reaches 10 billion LUNC.
The move comes after the successful implementation of the v.3.3.0 LUNC network upgrade. The upgrade simplified tax handling and reduced the burden for developers and dapps to build on the Terra Luna Classic network.
The 0.5% LUNC burn tax is currently split into 80% and 20%, with the 20% breakdown as — 10% to the community pool and 10% to the oracle pool. If the tax is increased to 1.5%, it will increase the burn tax to 1.2% from the current 0.4%. Also, it will increase the contribution to the Community Pool and the Oracle Pool, making all components boost by three times.
At present, the proposal has received 43.24% “Yes” votes, with 16.01% “No” and 40.74% “No with veto” votes. The voting by validators and delegators indicate the community remains divided again.
A validator commented, “Please do not sabotage builders & L2 projects. Veto because the 30th attempt is one too much.”
The Terra Luna Classic community is voting on proposal 12149 “Set On-Chain Tax Rate to 1.5%” on the Station wallet. It aims to increase the on-chain tax rate from 0.5% to 1.5% and leave it unchanged unless the total supply reaches 10 billion LUNC.
The move comes after the successful implementation of the v.3.3.0 LUNC network upgrade. The upgrade simplified tax handling and reduced the burden for developers and dapps to build on the Terra Luna Classic network.
The 0.5% LUNC burn tax is currently split into 80% and 20%, with the 20% breakdown as — 10% to the community pool and 10% to the oracle pool. If the tax is increased to 1.5%, it will increase the burn tax to 1.2% from the current 0.4%. Also, it will increase the contribution to the Community Pool and the Oracle Pool, making all components boost by three times.
At present, the proposal has received 43.24% “Yes” votes, with 16.01% “No” and 40.74% “No with veto” votes. The voting by validators and delegators indicate the community remains divided again.
A validator commented, “Please do not sabotage builders & L2 projects. Veto because the 30th attempt is one too much.”
21 Dec, 11:03
The Terra Luna Classic community is voting on the controversial proposal to increase the burn tax from 0.5% to 1.5% again. This can significantly boost LUNC and USTC burn rates, increase funds in the Community pool and Oracle pool, and trigger a rally in LUNC price.
The community remains divided on increasing the on-chain tax rate as some agree with Binance co-founder Changpeng “CZ” Zhao to keep the burn tax low. On the other hand, some believe the Terra Luna Classic chain revise it now.
20 Dec, 11:01
What’s Next for LUNC and USTC Prices?
Terra Luna Classic will carry out the major v3.3.0 upgrade on December 17. The upgrade introduces a new simplified tax handling. Also, it will help boost utility on the Terra Luna Classic, removing barriers for developers and dapps seeking to build on the chain.
Meanwhile, LUNC price is trading at $0.0001319, trading sideways in the last 24 hours. The price is trading between the $0.00012 support level and $0.00018 resistance level. As CoinGape reported earlier, a breakout above the resistance level will trigger an XRP-like rally.
Also, USTC price fell more than 1% on profit booking, with the price currently trading at $0.02413. The 24-hour low and high are $0.02408 and $0.02492, respectively.
Terra Luna Classic will carry out the major v3.3.0 upgrade on December 17. The upgrade introduces a new simplified tax handling. Also, it will help boost utility on the Terra Luna Classic, removing barriers for developers and dapps seeking to build on the chain.
Meanwhile, LUNC price is trading at $0.0001319, trading sideways in the last 24 hours. The price is trading between the $0.00012 support level and $0.00018 resistance level. As CoinGape reported earlier, a breakout above the resistance level will trigger an XRP-like rally.
Also, USTC price fell more than 1% on profit booking, with the price currently trading at $0.02413. The 24-hour low and high are $0.02408 and $0.02492, respectively.
19 Dec, 16:59
LUNC News: Terra Luna Classic Passes Key Proposal Ahead of Upgrade
LUNC News: Terra Luna Classic has passed a major proposal to update the CoinMarketCap dashboard with valid details. This comes ahead of the major v3.3.0 upgrade related to simplifying tax handling and increasing utility.
Terra Luna Classic CMC Dashboard Update Proposal Passed
Proposal 12147 to update Terra Classic dashboard on CoinMarketCap passed as it surpassed the pass threshold. Most Terra Luna Classic community members supported the proposal as it could increase the visibility and accessibility of the ecosystem for existing and new investors.
As per current voting details, nearly 217 delegators and 31 validators are in favor of the proposal. The overall voting indicates more than 52% “Yes” votes, with a significantly high “Abstain” votes of 37%. Some members of Terra Luna Classic community including validator HappyCattyCrypto believe the links on CMC are centralized, they do not include any of the key metrics or tools on LUNC.
The LUNC community approved proposal to transfer access to top validator Allnodes, it now has ability to implement changes to LUNC and USTC details on CoinMarketCap.
“The updated dashboard will highlight the most relevant and crucial technical resources to support growth, transparency, and community engagement,” as per the proposal.
The community aims to include links for Galaxy Finder, Galaxy Station, Terra Classic Documentation, GitHub Repository, and Commonwealth Forum.
LUNC News: Terra Luna Classic has passed a major proposal to update the CoinMarketCap dashboard with valid details. This comes ahead of the major v3.3.0 upgrade related to simplifying tax handling and increasing utility.
Terra Luna Classic CMC Dashboard Update Proposal Passed
Proposal 12147 to update Terra Classic dashboard on CoinMarketCap passed as it surpassed the pass threshold. Most Terra Luna Classic community members supported the proposal as it could increase the visibility and accessibility of the ecosystem for existing and new investors.
As per current voting details, nearly 217 delegators and 31 validators are in favor of the proposal. The overall voting indicates more than 52% “Yes” votes, with a significantly high “Abstain” votes of 37%. Some members of Terra Luna Classic community including validator HappyCattyCrypto believe the links on CMC are centralized, they do not include any of the key metrics or tools on LUNC.
The LUNC community approved proposal to transfer access to top validator Allnodes, it now has ability to implement changes to LUNC and USTC details on CoinMarketCap.
“The updated dashboard will highlight the most relevant and crucial technical resources to support growth, transparency, and community engagement,” as per the proposal.
The community aims to include links for Galaxy Finder, Galaxy Station, Terra Classic Documentation, GitHub Repository, and Commonwealth Forum.
19 Dec, 10:58
The market appears bearish for Terra Luna Classic, with LUNC trading for $0.0001319, down 0.16% in 24 hours. LUNC declined by 20.73% within the last seven days, while the 24-hour trading volume dropped 15.64% to $54.4 million.
The declining trading volume suggests reduced investor interest in the token. Still, analysts predict that LUNC will see a big rally similar to XRP’s recent one. However, the analysts’ forecast depends on XRP’s breaking above the $0.00018 resistance.
Some analysts estimate a $0.0005 target for LUNC. The ecosystem’s improved openness in government and community-driven projects has also renewed optimism for LUNC’s future.
Furthermore, a recent token burn of over 3.1 billion LUNC has caught the attention of investors, per a CNF report. This has sparked renewed interest in the token, a major element anticipated to drive further price gains before the year ends.
Regarding TerraClassicUSD (USTC), the price declined slightly by 0.89% in the last 24 hours to trade at $0.02424. Market analysts attribute the price decline to profit-taking. Moreover, the daily trading volume also decreased by 43.15% to $9.75 million, indicating investors reduced interest.
04 Dec, 15:41
When prompted to give Terra Classic price targets for the end of 2024, one of OpenAI’s most advanced models, ChatGPT-4o, outlined a series of bullish and bearish factors at play. The AI model also set two price targets — one is contingent on the bullish factors being dominant, while the other is based upon more bearish developments.
On the bullish side of the aisle, GPT-4o noted the efforts to reduce LUNC’s circulating supply, as well as the ecosystem’s active community, highlighting the recent launch of decentralized exchange Terraport. In addition, the model also noted positive market sentiment and analyst estimates.
Unsurprisingly, the bearish arguments were just as, if not more convincing. Terra Classic’s history of sharp price swings was the first factor that GPT-4o noted. It also opined that the reputational damage caused by Terraform Labs’ founder Do Kwon would serve to deter potential institutional investors, while also drawing increased scrutiny from regulatory bodies.
In addition, the network’s staking and minting mechanisms were highlighted as potential risk factors — as they could hypothetically reintroduce the inflationary pressures that had wreaked such havoc on LUNC and LUNA in the first place.
04 Dec, 11:40
Terra Classic (LUNC) has struggled to maintain prices throughout 2024. Various measures have been implemented to stabilize LUNC’s prices — most notably, token burns aimed at reducing supply and thus increasing value.
Given that the wider cryptocurrency market has entered a full-blown bull run — many traders are anticipating the start of the long-awaited altcoin season. Some are speculating that the wider surge, coupled with a decreasing supply, could lead LUNC to experience significant moves to the upside — especially taking into consideration its performance over the last month.
LUNC was trading at a price of $0.0001225 at press time, after a 5.22% gain on the daily chart supplemented weekly returns to 8.82%, bringing returns over the last 30 days up to 32.68%. On a year-to-date (YTD) basis, prices are still down 11.61%.
Based on the recent positive price action for Terra Classic, Finbold has consulted some of the most powerful publicly available large-language models to provide additional context into the situation.
03 Dec, 16:24
$LUNC (VIETNAM VERSION)
The Ability to Burn Total Supply of Terra Luna Classic (LUNC) to 1 Billion Coins for Price to Reach 1 USD: Reality or Just a Dream of 'Brainless Bulls'?
1. Introduction
Terra Luna Classic (LUNC) was once a shining star in the cryptocurrency sky, but after the historic collapse in 2022, this coin has become a symbol of hope and... delusion. A significant part of the LUNC community, jokingly called 'brainless bulls', continuously FOMO (Fear of Missing Out) and pour money into LUNC with the belief that the price will reach 1 USD. But what is the reality? Is this goal feasible or just a fanciful dream?
2. FOMO Bulls and The Numbers Don't Lie
Current Supply
The total supply of LUNC is currently at 5.8 trillion coins. For the price to reach 1 USD, the market capitalization needs to rise to 5.8 trillion USD - far exceeding the total market cap of cryptocurrencies, which is currently only about 2.5 trillion USD.
Yet, many 'FOMO bulls' still blindly believe that 'if everyone HODL, the price will reach 1 USD'. This is not only illogical but also reflects a lack of understanding of how the market operates.
The Token Burning Dilemma
The plan to reduce the LUNC supply to 1 billion coins through burning mechanisms is being implemented by the community and exchanges. However:
• The current burning rate is only about 80 billion coins/year, meaning to burn all 5.799 trillion coins, it would take more than 70 years (under ideal conditions).
• 'Brainless bulls' often overlook these numbers, instead spamming forums with the mantra: 'LUNC to the Moon!'
03 Dec, 10:11
During the week token Terra Luna Classic ($LUNC) has risen 8,7З% to its highest since March 2024. Some crуptocurrencу analуsts believe that the asset has potential for further growth, especiallу amid the bull market. One of the popular experts, Miles Deutscher, said that he is a long-term holder of LUNC because he believes in the asset. Among the reasons for his optimism, the analуst noted the strong bullish price charts, the appeal of the token as a meme, and the fact that LUNC is still traded on the exchange Binance. Another potential catalуst for Terra Luna Classic growth, analуsts saу, is the ongoing token burn, which reduces the supplу and increases the value of the remaining assets. According to LUNC Metrics, the network has burned 1,З4 billion tokens over the past seven daуs. So far, over З90 billion tokens have been destroуed, leaving 6,51 trillion in circulation. LUNC's staking ratio has also risen from its 2022 low and is now approaching 16%, indicating that manу investors believe in the asset's potential.
The dailу chart shows that Terra Luna Classic is in a bullish trend after the asset bottomed at $0,000054 a few months ago. Technical indicators show that token could rise to $0,0002055, which is about 75% higher than the current level.
02 Dec, 15:40
One of the latest updates in the Terra Classic community is a proposal from OrbitLabs.
According to a CNF report, the proposal seeks to comprehensively review the recently approved “Reverse-Charge” tax mechanism (Proposal 12143). It also aims to assist with testing the “fix interchain” introduced in SDK 0.47.
Proposal 12143 attempts to implement a “Reverse charge” mechanism on the Terra Classic to replace the tax2gas approach. It simplifies tax handling by deducting tax from the amount sent before reaching the recipient’s wallet. It also eliminates the requirement for the sender to pay the tax as an extra charge.
Meanwhile, OrbitLabs submitted an earlier proposal focused on removing outdated Cosmos modules, improving security, and streamlining updates.
02 Dec, 11:39
Top cryptocurrencies like Bitcoin (BTC) and Solana (SOL) have recorded yearly increases of 148% and 320% respectively. LUNC, on the other hand, remains trapped in a bearish cycle, losing over 60% from its 2023 high. Still, Marks, well known for his precise market forecasts, thinks LUNC might make a spectacular recovery and hit $0.000593.
The analyst based his prediction on LUNC’s historical price trend, particularly based on technical analysis. He drew attention to the recurring formation of falling wedge patterns that frequently appear before abrupt bullish breakouts. Identifying similar patterns in LUNC’s current chart, Marks thinks a possible spike could move the token closer to his price target.
Two key factors are likely to contribute to LUNC’s potential recovery. The first is the implementation of a token burn mechanism. So far, the Terra Luna Classic community has wiped out 389 billion LUNC from the ecosystem through the burning mechanism. The initiative aims to reduce LUNC’s circulating supply, potentially boosting the price as scarcity increases.
The burning initiative is primarily due to the closure of the Shuttle Bridge during Terraform Labs’ bankruptcy proceedings. The Shuttle Bridge is an essential infrastructure for transferring assets between Terra and other blockchains. CNF reported that token holders were advised to withdraw their remaining assets before the bridge closed permanently.
The second key factor that could positively influence LUNC’s price is sentiments in the broader market. If the momentum in the price of Bitcoin and other top assets continues, investors are likely to increase their investments. As a result, LUNC may benefit from increased investor interest and demand.
As of this writing, LUNC has experienced a surge of 1.5% within the last 24 hours, setting the price at $0.0001115. However, the daily trading volume decreased by 46.5% to $66.7 million, suggesting reduced investor activity.
01 Dec, 15:39
Crypto analyst Javon Marks has expressed optimism about Terra Luna Classic’s (LUNC) future, predicting a 480% price rally. The analyst’s bold prediction comes as LUNC trades close to its critical support level of $0.00010.
01 Dec, 11:37
During the week token Terra Luna Classic (LUNC) has risen 8,7З% to its highest since March 2024. Some crуptocurrencу analуsts believe that the asset has potential for further growth, especiallу amid the bull market. One of the popular experts, Miles Deutscher, said that he is a long-term holder of LUNC because he believes in the asset. Among the reasons for his optimism, the analуst noted the strong bullish price charts, the appeal of the token as a meme, and the fact that LUNC is still traded on the exchange Binance. Another potential catalуst for Terra Luna Classic growth, analуsts saу, is the ongoing token burn, which reduces the supplу and increases the value of the remaining assets. According to LUNC Metrics, the network has burned 1,З4 billion tokens over the past seven daуs. So far, over З90 billion tokens have been destroуed, leaving 6,51 trillion in circulation. LUNC's staking ratio has also risen from its 2022 low and is now approaching 16%, indicating that manу investors believe in the asset's potential.
The dailу chart shows that Terra Luna Classic is in a bullish trend after the asset bottomed at $0,000054 a few months ago. Technical indicators show that token could rise to $0,0002055, which is about 75% higher than the current level.
30 Nov, 16:36
The daily chart indicates that Terra Luna Classic has been on a slow bullish trend after bottoming at $0.000054 a few months ago. It has formed a cup and handle pattern, with the upper side at $0.000129, a pattern known for signaling bullish continuation.
Based on the depth of the cup, the coin could rise to $0.0002055, approximately 75% above its current level. This target is slightly above the 38.2% Fibonacci Retracement level at $0.00020.
Further supporting the bullish outlook is LUNC’s movement above the 50-day and 100-day moving averages. The Relative Strength Index is also climbing, reflecting sustained bullish momentum. However, a drop below the 100-day moving average at $0.000095 would invalidate the bullish view.
30 Nov, 11:36
Terra Luna Classic, the remnant of the collapsed Terra network, climbed to $0.000129 this week, marking its highest point since March this year.
Some crypto analysts believe the token has more room to grow, especially if the crypto bull run gains momentum.
In a recent post, Miles Deutscher, a popular analyst on X, noted that he was long LUNA and LUNC. He cited reasons such as LUNC’s continued listing on Binance, strong bullish charts, and its meme appeal.
Another potential catalyst for Terra Luna Classic is the ongoing token burn, reducing supply and increasing the value of the remaining tokens. According to LUNC Metrics, the network burned 1.34 billion tokens in the last seven days.
The network has now burned over 390 billion tokens, leaving a circulating supply of 6.51 trillion. A significant burn occurred earlier this month when Terraform Labs burned 251 billion tokens as part of a bankruptcy requirement.
The LUNC staking ratio has also risen from its 2022 lows, now approaching 16%, indicating that many investors are holding onto the token for the long term.
29 Nov, 16:17
What the Terra Luna Classic team says
“This historic action reflects our commitment to protecting the ecosystem, fostering sustainable growth and ensuring transparency for our community.”
🌟 Impacts on $LUNC :
✅ Potential valuation: Limited supply opens the way to significant price increases.
✅ Economic stability: An ecosystem more resilient to market fluctuations.
✅ Strengthened Trust: A decisive step to rebuild trust and stimulate community expansion.
🌍 A global vision:
This is not just a simple supply reduction, it is a clear message of innovation and sustainability. With this ambitious strategy, $LUNC is laying the foundation for long-term success while inspiring the world of cryptocurrencies.
“This historic action reflects our commitment to protecting the ecosystem, fostering sustainable growth and ensuring transparency for our community.”
🌟 Impacts on $LUNC :
✅ Potential valuation: Limited supply opens the way to significant price increases.
✅ Economic stability: An ecosystem more resilient to market fluctuations.
✅ Strengthened Trust: A decisive step to rebuild trust and stimulate community expansion.
🌍 A global vision:
This is not just a simple supply reduction, it is a clear message of innovation and sustainability. With this ambitious strategy, $LUNC is laying the foundation for long-term success while inspiring the world of cryptocurrencies.
29 Nov, 11:16
🔥 BREAKING: Terra Luna Classic ($LUNC) burns 60% of its total supply! 🔥
🚀 A bold initiative to revitalize and transform its ecosystem!
The Terra Luna Classic community has made a revolutionary decision by removing 60% of the total token supply. This strategic move aims to reduce inflation, increase scarcity, and restore investor confidence.
💡 Why this initiative is essential:
1️⃣ Fight against inflation: A reduced supply helps stabilize and increase the value of tokens.
2️⃣ Scarcity = Increased Value: Fewer tokens available can result in higher prices for long-term investors.
3️⃣ Loyalty Reward: A major victory for holders who continued to support $LUNC despite the challenges.
4️⃣ Restoring Trust: A strong statement on transparency and commitment to the crypto community.
🚀 A bold initiative to revitalize and transform its ecosystem!
The Terra Luna Classic community has made a revolutionary decision by removing 60% of the total token supply. This strategic move aims to reduce inflation, increase scarcity, and restore investor confidence.
💡 Why this initiative is essential:
1️⃣ Fight against inflation: A reduced supply helps stabilize and increase the value of tokens.
2️⃣ Scarcity = Increased Value: Fewer tokens available can result in higher prices for long-term investors.
3️⃣ Loyalty Reward: A major victory for holders who continued to support $LUNC despite the challenges.
4️⃣ Restoring Trust: A strong statement on transparency and commitment to the crypto community.
28 Nov, 16:16
What Lies Ahead for $LUNC?
While the supply burn is an ambitious first step, it cannot single-handedly secure $LUNC’s revival. The real challenge lies in addressing structural flaws that led to the previous collapse.
For the Terra Luna Classic ecosystem to recover, the community must focus on:
Improved governance: Implementing transparent and effective leadership.
Rebuilding trust: Restoring faith among investors and stakeholders.
Fostering innovation: Supporting new projects that drive long-term growth.
The supply burn is a signal of resilience and determination, but it’s just the start of a complex rebuilding process. For $LUNC, the road to redemption is long, but the first steps have been taken boldly and decisively.
Is this the spark the Terra Luna Classic ecosystem needs to rise from the ashes? Time will tell.
While the supply burn is an ambitious first step, it cannot single-handedly secure $LUNC’s revival. The real challenge lies in addressing structural flaws that led to the previous collapse.
For the Terra Luna Classic ecosystem to recover, the community must focus on:
Improved governance: Implementing transparent and effective leadership.
Rebuilding trust: Restoring faith among investors and stakeholders.
Fostering innovation: Supporting new projects that drive long-term growth.
The supply burn is a signal of resilience and determination, but it’s just the start of a complex rebuilding process. For $LUNC, the road to redemption is long, but the first steps have been taken boldly and decisively.
Is this the spark the Terra Luna Classic ecosystem needs to rise from the ashes? Time will tell.
28 Nov, 11:11
After months of setbacks and uncertainty, the Terra Luna Classic ($LUNC ) community has made an unprecedented decision to burn 60% of the token’s total supply. This extraordinary move aims to restore investor confidence, stabilize the ecosystem, and potentially pave the way for a brighter future.
A Look Back: Terra Luna’s Collapse
The Terra Luna ecosystem, once a cornerstone of the cryptocurrency world, faced an unparalleled crisis in May 2022. The collapse of the UST stablecoin triggered a chain reaction that erased over $40 billion in value. Investors were left devastated, and the project's future seemed uncertain.
The Burn: A Bold Attempt to Rebuild
In response to the crisis, the LUNC community has united around a daring initiative—removing 60% of the circulating token supply. This dramatic supply reduction is designed to:
1. Reignite demand and create scarcity, potentially boosting $LUNC’s value.
2. Rebuild investor confidence after a history of volatility and collapse.
3. Encourage new innovation, paving the way for developers and projects to re-enter the ecosystem.
By drastically reducing the supply, the community aims to address lingering market imbalances while reigniting interest in the once-thriving Terra Luna Classic.
27 Nov, 16:10
LUNC price soared 5% in the last 24 hours and 15% in a week. The price currently trades at $0.000118, with a 24-hour low and high of $0.0001102 and $0.0001199, respectively. The $0.00012 is a key resistance level for LUNC, surpassing this level clears a rally to $0.0002.
Moreover, Terra Luna Classic open interest jumped 8% in the last 24 hours, with buying on Binance and OKX. However, Bybit recorded a sell-off in 1000LUNC futures.
Meanwhile, USTC price climbed more than 5%, with the price now trading at $0.0245. However, the trading volume saw a 31% decline in the last 24 hours. The price overall moves in the range for his month.
27 Nov, 11:09
Community pool spend proposal 12146 by BLV Labs faced a roadblock as the developer group failed to execute the developments on the Terra Luna Classic mainnet. The proposal saw nearly 90% “No” votes, including Allnodes, Interstellar Lounge, Interstake One, and other validators. The developer seeks $5000 in LUNC.
Validators responded that there was discussion, with no testnet deployment or mainnet deployment. The community requested the team to finish the work for payout.
The developer worked on the use of Oracle module to update and calculate the minimum deposit required to create a proposal in the governance module. BLV suggested that the system will automatically increase the minimum margin to ensure the value of the proposal is maintained in the event of a sharp drop or spike in LUNC price.
The team claimed the code pushed to GitHub and a pull request created on the Classic Terra repository. After that, we continued to work on all the bugs related to testing and integration. The team plans to EVM, SDK50 upgrade, or IBC improvement.
Meanwhile, the Terra Classic community has approved a proposal to transfer CoinMarketCap dashboard account access to top validator Allnodes directly.
26 Nov, 16:08
Terra Luna Classic community dismissed a community pool spent proposal by Cosmos developer team BLV Labs for recent work on the blockchain. Some developers and community members highlighted that the developer group failed to follow governance rules as there were no testnet and mainnet deployments. LUNC price saw more than 5% upsurge amid recent developments.
26 Nov, 11:39
LUNC Setting for $0.0005 Surge
Analysts predict that Terra Luna Classic (LUNC) could witness a remarkable 480% rally, potentially driving its price to $0.000593, thanks to the upcoming Binance burn and strong community efforts. Despite a slight daily dip of 0.15%, LUNC has shown resilience with a 5.24% gain over the past week, reaching $0.0001112.
Nevertheless, with weekly gains of 10% highlight growing investor optimism, even as trading volume fell by 65%. The anticipated burn event, coupled with proactive community initiatives, is expected to reduce token supply, paving the way for a potential price surge and heightened market confidence in the coming days.
Analysts predict that Terra Luna Classic (LUNC) could witness a remarkable 480% rally, potentially driving its price to $0.000593, thanks to the upcoming Binance burn and strong community efforts. Despite a slight daily dip of 0.15%, LUNC has shown resilience with a 5.24% gain over the past week, reaching $0.0001112.
Nevertheless, with weekly gains of 10% highlight growing investor optimism, even as trading volume fell by 65%. The anticipated burn event, coupled with proactive community initiatives, is expected to reduce token supply, paving the way for a potential price surge and heightened market confidence in the coming days.
25 Nov, 16:39
The Terra Classic community is also making progress in governance. A recently approved proposal transfers CoinMarketCap dashboard access to Allnodes, a prominent validator, aiming to improve transparency and streamline operations.
These proactive measures have bolstered optimism for LUNC’s potential rally, with investors eyeing a price target of $0.0005. In addition, a tweet from the community has ignited this surge, asking if the community can give a little push to the moon.
5,467
subscribers
673
photos
7
videos
