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🔍 The Truth About $LUNC The $119 Myth vs Reality 💭
Many people still say, “LUNC once hit $119, it will go back there again!” but the truth is completely different 👇
The coin that reached $119 was the old Terra (LUNA) at that time, the system was stable, and the total supply was only around 350 million (very low).
That version of LUNA was used to maintain the peg of UST, the stablecoin.
But when UST lost its peg, the system started minting trillions of new Luna tokens to save it which caused the supply to explode past 6 trillion
After the crash:
The old LUNA was renamed to Terra Classic ($LUNC )
A new coin was launched Terra 2.0 (LUNA)
So, the LUNC you see on Binance today is the post crash coin, not the original LUNA that reached $119.
Its current all time high (ATH) is only around $0.00059.
🚀 Now the big question: “Can LUNC ever reach $119 or even $1?”
👉 The reality is:
LUNC’s supply is in the trillions, meaning that for it to hit $1, its market cap would need to exceed $5–6 trillion which is practically impossible.
However, if massive burns (99%+) continue and the community remains active, some price improvement can still happen just don’t build unrealistic hopes.
💡 Lesson:
Old LUNA ≠ Current LUNC
Low supply took LUNA up, massive supply brought Lunc down.
Always trust research over hype 🔍
👉🏻$LUNC
{spot}(LUNCUSDT)
#LUNC #BTCVSGOLD #BinanceBlockchainWeek #Write2Earn
Many people still say, “LUNC once hit $119, it will go back there again!” but the truth is completely different 👇
The coin that reached $119 was the old Terra (LUNA) at that time, the system was stable, and the total supply was only around 350 million (very low).
That version of LUNA was used to maintain the peg of UST, the stablecoin.
But when UST lost its peg, the system started minting trillions of new Luna tokens to save it which caused the supply to explode past 6 trillion
After the crash:
The old LUNA was renamed to Terra Classic ($LUNC )
A new coin was launched Terra 2.0 (LUNA)
So, the LUNC you see on Binance today is the post crash coin, not the original LUNA that reached $119.
Its current all time high (ATH) is only around $0.00059.
🚀 Now the big question: “Can LUNC ever reach $119 or even $1?”
👉 The reality is:
LUNC’s supply is in the trillions, meaning that for it to hit $1, its market cap would need to exceed $5–6 trillion which is practically impossible.
However, if massive burns (99%+) continue and the community remains active, some price improvement can still happen just don’t build unrealistic hopes.
💡 Lesson:
Old LUNA ≠ Current LUNC
Low supply took LUNA up, massive supply brought Lunc down.
Always trust research over hype 🔍
👉🏻$LUNC
{spot}(LUNCUSDT)
#LUNC #BTCVSGOLD #BinanceBlockchainWeek #Write2Earn
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