Terra Luna Classic (LUNC) has experienced a series of remarkable price changes and news in the turbulent cryptocurrency market. Even though some investors had written off
LUNC as a 'dead coin', it recently saw a
160% surge in one week and reported a whopping
1,100% volume spike. This can be attributed to factors such as token burns and developments in legal issues pertaining to
Do Kwon, a key figure in the LUNC and Terra Luna space. Nonetheless, some red flags were raised as the
LUNC staking slid by
13% which indicated that some holders were likely cashing out. The coin's price even soared by
100% as a result of a viral t-shirt moment in Dubai. Binance, one of the largest international crypto exchanges, made headlines as it suspended LUNC, creating concerns for those in the crypto business. Despite that, LUNC still saw a significant increase in its
burn rate before the sentencing of Do Kwon. In another surprising turn, the price of LUNC dipped drastically following Kwon's sentence. Interestingly, Terra Luna Classic seems to defy odds as its price could tentatively rally up to
306%. Although many projected the death of this coin, it presumably might be on the brink of a significant comeback due to a major upgrade in the network. With the burning of LUNC tokens and wide community demand for changes to the LUNC staking model, only time will tell if these steps can rescue Terra Luna Classic from further price downswings.
LUNC Coin News Analytics from Wed, 05 Mar 2025 08:00:00 GMT to Thu, 29 Jan 2026 08:00:00 GMT -
Rating -1
- Innovation 1
- Information 7
- Rumor 2
