$lunc
Has Any Coin Faced What LUNC Has?
Yes — but none on the scale of Terra Classic (LUNC).
In May 2022, LUNC (formerly LUNA) went through the largest hyperinflation event in crypto history:
• Trillions of tokens were minted in days.
• The price crashed from $80 to fractions of a cent in 48 hours.
• Cause: the failure of the algorithmic peg between UST and LUNA.
💥 Similar cases:
• Titan (Iron Finance): Massive minting after a peg failure.
• Bitconnect: Collapsed Ponzi scheme that wiped out BCC.
• SQUID Token: Straight-up rug pull and exit scam.
✅ The difference?
LUNC didn’t die — the community fought back. Today, we see:
• Real building with Juris, Selenium, Terraport, and others.
• Billions of tokens being burned regularly.
• Continuous support from Binance, including burn mechanisms via trading fees.
• Serious efforts to repeg USTC and revive the network.
📌 LUNC isn’t just a collapsed coin — it’s a historic comeback attempt, backed by the world’s biggest exchange: Binance.