Terra Classic (LUNC) is the original Terra blockchain token maintained by its community after the 2022 collapse of the algorithmic stablecoin system; it now focuses on burns, staking, and governance.
Recent price action shows volatility with periodic rallies fueled by token burn events and exchange support, though technical outlooks remain mixed.
A substantial supply (trillions of tokens) continues to exert downward pressure despite ongoing deflationary burns.
Community upgrades and network improvements aim to build utility, but sustained momentum requires broader demand beyond speculation.
Short-term surges have faced resistance at key levels, suggesting consolidation with occasional breakouts when volume and burns spike.
LUNC
0.00003675
+0.54%