#LUNC✅ #LuncReachOneDollar Following the collapse of Terra (LUNA) in May 2022, the ecosystem underwent a significant restructuring. The original blockchain was renamed Terra Classic, and the associated token became Terra Luna Classic (LUNC). A new blockchain was created, keeping the Terra name, with a new LUNA token.

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Terra Luna Classic (LUNC) is currently trading at approximately US$$ 0.00008931. Since the collapse, the community has been working to revitalize the project, implementing updates and finding new uses for the token.

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However, the collapse of Terra (LUNA) had significant impacts on the cryptocurrency market, contributing to the insolvency of platforms such as Celsius and venture capital fund Three Arrows Capital, which held significant UST positions on the Anchor protocol.

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In summary, the capital associated with LUNC has suffered a sharp decline in value following the crash. Restructuring and revitalization efforts are underway, but the market remains cautious about the future of the token.