After the Terra crash in May 2022, when the algorithmic stablecoin UST lost its peg to the dollar, the ecosystem collapsed, destroying over $40 billion in capitalization. LUNA turned into LUNC — and it seemed like that was it, the end. But for the third year now, this 'ash' continues to stir. Why?
🧩 What is happening with LUNC?
- 🔥 Hyperinflation and token burning
After the crash, the supply of LUNC grew to trillions. But the community launched token burning initiatives — Binance destroyed over 11 billion LUNC.
- 👥 The power of the community
Despite the lack of official support from Terraform Labs, LUNC lives on thanks to grassroots enthusiasts who promote updates, voting, and even new dApps.
- 📈 Speculative interest
LUNC remains one of the most traded coins by volume. Volatility attracts traders, and the price is a reason for hype.
- 🧪 Technical attempts at recovery
Some projects, like Kaj Labs, promise to use LUNC in their games and applications, burning trillions of tokens.
🤔 What are they not telling us?
- Why is a project that was supposed to die still trading on Binance, KuCoin, and Kraken?
- Why do trading volumes exceed $100 million per day?
- Why are analysts still making forecasts until 2040, where LUNC supposedly could reach $10?
📣 Post for Binance Square
> LUNC is the ash that refuses to die out.
> After the Terra crash in 2022, LUNC was supposed to disappear. But it lives on, is traded, burned, and discussed.
> Is this the biggest scam in crypto history or a sleeping giant ready to awaken?
> 🤖 Burnings, 📊 volatility, 👥 community — all of this keeps LUNC afloat.
> Do you believe in its revival or consider it the last dance of a dead man?