๐ The Truth About $LUNC โ Separating the $119 Myth from Reality ๐ญ
Youโve probably heard people say, โLUNC once hit $119 โ itโll go back there again!โ
But hereโs the real story ๐
The coin that actually reached $119 was the original Terra (LUNA) โ back when the system was stable and supply was only around 350 million tokens. It was tied to the UST stablecoin, helping maintain its peg.
Then came the crash ๐ฅ
When UST lost its peg, the system started minting trillions of new LUNA tokens to stabilize it โ but that move exploded the supply beyond 6 trillion, causing the collapse.
Afterward:
๐น The old LUNA was renamed Terra Classic ($LUNC)
๐น A brand-new chain was launched โ Terra 2.0 ($LUNA)
So, the $LUNC you see on Binance today is not the same token that hit $119.
Its real ATH is only around $0.00059.
๐ Now, can $LUNC ever hit $119 โ or even $1?
Realistically, no. With supply in the trillions, reaching $1 would mean a market cap over $5โ6 trillion, which isnโt feasible.
That said, if massive burns (99%+) and community activity continue, gradual growth is possible โ just keep expectations grounded.
๐ก Key Takeaway:
Old LUNA โ Current LUNC
Low supply once fueled the rise โ inflated supply caused the fall.
Always trust research over hype. ๐
