🔍 The Truth About $LUNC: Debunking the $119 Myth 💭
Many still claim, “LUNC once hit $119, so it can do it again.” The reality is very different 👇
The token that reached $119 was the original Terra (LUNA). At that time, the ecosystem was stable and the total supply was only about 350 million, which supported much higher prices. That LUNA played a key role in maintaining the UST stablecoin peg.
When UST lost its peg, the system began minting trillions of new LUNA tokens in an attempt to stabilize it. This massive inflation caused the supply to explode beyond 6 trillion, leading to the collapse 💥
After the crash:
The original LUNA became Terra Classic ($LUNC)
A brand-new chain and token were launched as Terra 2.0 (LUNA)
So the $LUNC trading today on Binance is not the same asset that once traded at $119. Its actual all-time high is around $0.00059.
🚀 The big question: Can LUNC ever reach $1 or $119?
👉 Realistically: With a supply in the trillions, a $1 price would require a market cap of $5–6 trillion, which is extremely unlikely.
That said, continued large-scale token burns and strong community involvement could still lead to gradual price gains—just without unrealistic expectations.
💡 Key takeaway:
Old LUNA ≠ Current LUNC
Low supply drove LUNA up; massive supply pulled LUNC down.
Always choose research over hype 🔍
👉 $LUNC
0.00003942 (+1.36%)