Terra Classic (LUNC), notorious for its dramatic price swings, has been making headlines lately with unexpected investor interest. This has contributed to a
sustained price surge, with LUNC appreciating by
up to 100% in a single day, coupled with a dramatic
volume spike of 1100%. This has largely been attributed to significant levels of
token burning, particularly as Terra's founder,
Do Kwon, heads towards sentencing. Despite possible 12 year imprisonment, Terra Luna and LUNC have seen unprecedented pumping, contributing to this rally. This surge is further bolstered by
Binance, a key player in the crypto market, fueling a 31% price spike in association with its Blockchain Week. Coinciding with massive token burns and Kwon's sentencing, it led to a 200% surge for LUNC and Luna. Despite its rally,
Kraken delisted LUNC following burns crossing a threshold of 425B. As Terra moves towards a
major upgrade, there is speculation around the potential support by Binance and its impact on LUNC's future price action. Developments hitting full bull mode may see LUNC having a technical reversal of up to 288%, showcasing a potential macro bottom. There have been debates around the legitimacy of this move with whether the recent
LUNC 'burn' is genuinely reducing the supply or is merely a hoax to inflate prices. Some
fear implications of Terra's proposed cuts, anticipating a massive sell-off and price crash. Despite risk factors, the community remains optimistic about the asset's robust potential to reclaim its peak price of $0.0007, with a possible 568% upside surge in the long-term. Yet, amidst these striking developments, some unconfirmed reports of LUNC being secretly delisted on Binance have surfaced, causing concerns among investors. Conclusively, the forthcoming days will determine whether the Luna Classic will continue to thrive or collapse under its unpredictable dynamics.
LUNC Coin News Analytics from Mon, 27 Jan 2025 08:00:00 GMT to Tue, 06 Jan 2026 18:25:00 GMT -
Rating 7
- Innovation -1
- Information 7
- Rumor 5
