$LUNC
$LUNC Reality Check: Don’t Fall for the $119 Myth 🚨
You’ve probably seen this claim all over crypto social media:
“LUNC once hit $119 — it will do it again.”
Let’s clear this up once and for all 👇
❌ The $119 Price Was NOT LUNC
The coin that reached ~$119 was old Terra (LUNA) — not today’s Terra Classic (LUNC).
Back then:
Supply was only ~350 million tokens
The ecosystem was considered stable
UST was still holding its peg
That version of LUNA no longer exists in the same form.
💥 What Actually Happened?
When UST lost its peg in 2022, the protocol tried to defend it by minting massive amounts of LUNA.
The result?
Trillions of tokens were created
Price collapsed
Confidence was destroyed
After the crash:
Old LUNA became Terra Classic (LUNC)
A new chain launched as Terra 2.0 (LUNA)
📌 Important Fact Most People Miss
👉 The LUNC you see trading on Binance today is the post-crash coin.
That means:
Its real all-time high is ~$0.00059
NOT $119
Comparing LUNC to old LUNA is mathematically wrong
🔥 Can LUNC Recover? Yes.
🚫 Can It Reach $1 or $119? Extremely Unlikely.
Even with:
Aggressive burn mechanisms
Community support
Increased utility
The trillions in circulating supply make prices like $1 or $119 unrealistic without an almost unimaginable supply reduction.
Burns can help price appreciation — but numbers matter.
🧠 Final Takeaway
Old LUNA ≠ LUNC
$119 belongs to pre-crash Terra
Today’s LUNC is a different asset with different economics
DYOR > hype
📢 Smart investors follow math, not narratives.