$LUNC
❌ Not in my portfolio — shared for awareness only.
LUNC is the residual chain from the Terra Luna collapse of May 2022 — one of the most catastrophic events in crypto history, destroying over $40 billion in market value in 72 hours and triggering a crypto-wide contagion event.
The burn mechanism — taxing on-chain transactions to reduce LUNC's hyperinflated supply — has removed trillions of tokens from circulation, but the remaining supply is still orders of magnitude larger than the pre-collapse circulating supply.
LUNC's community has maintained the chain and continued governance activity — remarkable organizational persistence through an event that destroyed most participants' portfolios.
The probability of LUNC returning to pre-collapse price levels requires supply reduction at a pace mathematically incompatible with organic transaction tax burn rates at current usage levels.
LUNC is a speculative bet on community resilience and supply mechanics working over a very long time horizon — not a fundamental investment in technology or ecosystem, but a demonstration of crypto community persistence.