SoL16
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$LUNC 1. Major upgrade supported by Binance
Binance has confirmed support for the Terra Classic network upgrade (v3.4.0), scheduled for February 25, 2025, at 15:00 UTC, block 22,176,864. On February 25, deposits and withdrawals on LUNC were temporarily suspended for the implementation of the upgrade.
This upgrade promises essential improvements regarding the infrastructure and security of the network.
2. Current performance and cautious tone
After a rise in May (from approximately $0.000056 to a peak of ~ $0.0000729), the price currently remains around $0.0000707, near a crucial Fibonacci level (~ $0.00007236), indicating a possible consolidation phase.
3. Current market context
LUNC is a token with a massive supply, over 5.4 trillion coins in circulation — which significantly limits its potential for spectacular increases without a significant reduction in supply.
The current volatility reflects market forces and a lack of strong catalysts, making it attractive for short-term speculation, but not necessarily stable in the long term.
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🔍 In conclusion
Aspect Details
Binance Upgrade Supported a major upgrade on Feb 25, 2025 – may have a positive medium-term impact
Price Evolution Remarkably increased in May, but is facing a possible consolidation
Main Risks A very high supply and lack of new catalysts keep LUNC as a highly volatile asset
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What to watch next
1. Price monitoring – a breakout above the resistance area of ~ $0.0000725 could open a new growth phase.
2. Community implementations – any significant initiatives (e.g., related to LUNC token burning) may influence supply and price.
3. Support from major exchanges – which other exchanges will support the LUNC upgrade, like Binance.$LUNC
Binance has confirmed support for the Terra Classic network upgrade (v3.4.0), scheduled for February 25, 2025, at 15:00 UTC, block 22,176,864. On February 25, deposits and withdrawals on LUNC were temporarily suspended for the implementation of the upgrade.
This upgrade promises essential improvements regarding the infrastructure and security of the network.
2. Current performance and cautious tone
After a rise in May (from approximately $0.000056 to a peak of ~ $0.0000729), the price currently remains around $0.0000707, near a crucial Fibonacci level (~ $0.00007236), indicating a possible consolidation phase.
3. Current market context
LUNC is a token with a massive supply, over 5.4 trillion coins in circulation — which significantly limits its potential for spectacular increases without a significant reduction in supply.
The current volatility reflects market forces and a lack of strong catalysts, making it attractive for short-term speculation, but not necessarily stable in the long term.
---
🔍 In conclusion
Aspect Details
Binance Upgrade Supported a major upgrade on Feb 25, 2025 – may have a positive medium-term impact
Price Evolution Remarkably increased in May, but is facing a possible consolidation
Main Risks A very high supply and lack of new catalysts keep LUNC as a highly volatile asset
---
What to watch next
1. Price monitoring – a breakout above the resistance area of ~ $0.0000725 could open a new growth phase.
2. Community implementations – any significant initiatives (e.g., related to LUNC token burning) may influence supply and price.
3. Support from major exchanges – which other exchanges will support the LUNC upgrade, like Binance.$LUNC
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