Terra Luna Classic ($LUNC ) is a name that still stirs emotions for some, hope; for others, frustration. The truth? Many in the crypto world label it a “shitcoin.” And it’s not without reason.
Why LUNC Is Viewed This Way
1. Unlimited Supply History
The original collapse of LUNA happened because its supply wasn’t capped, it hyperinflated into trillions. Even now, despite burns, the circulating supply is still enormous. This makes big price jumps extremely difficult without massive, coordinated supply reduction.
2. The Meme Coin Paradox
New meme coins like “Trump” or “Doge” inspired tokens sometimes gain higher value than LUNC. Why? Not because they have more utility, but because hype, social media trends, and speculation drive them. LUNC has history, but memes have momentum.
3. The Missing Holders Problem
Many people who lost money in the crash didn’t hold onto their LUNC. They sold, took the loss, and left. Without strong holding support, the market pressure is always against the price.
4. Settlement Over Burn
The Terra settlement dealt with legal issues, but it didn’t directly contribute to a large scale burn. Without an aggressive burn program supported by major exchanges, validators, and the community the supply remains too high for quick recovery.
5. Price Movement — Buy vs. Burn
If all people started buying LUNC, yes, the price would spike temporarily. But without a sustained burn and new use cases, it would eventually drop again. Burning reduces the available supply permanently, while buying alone only creates short-term demand.
The Harsh Truth
LUNC will not magically rise just because of nostalgia. It needs:
Massive, coordinated burns to reduce supply.
Real utility to create long term demand.
Community commitment beyond speculation.
Without these, even the hype of a meme coin can outshine LUNC’s legacy.
But here’s the thing LUNC’s survival still matters for the crypto industry’s credibility. Keeping it alive isn’t about getting rich; it’s about proving decentralization can endure even after disaster. If the community gives up, it sets a dangerous precedent: that failed chains don’t deserve a second chance, no matter how many believe in them.
