Terra Classic (LUNC) — A Blockchain Legend of Community Revival
Terra Classic (LUNC) is the legacy version of the original Terra blockchain, reborn after the algorithmic stablecoin UST depegged and crashed in May 2022. It utilizes the Cosmos SDK framework, supports PoS consensus, and implements staking validation and governance through the LUNC token. As a reserve asset, LUNC once maintained the stability of UST through a minting/burning mechanism, and has now transformed into a community-driven DeFi platform. In August 2025, the v3.5.0 upgrade will restart the Market Module, enhancing LUNC-USTC (TerraClassicUSD) liquidity. The community has burned over 415 billion LUNC, with a total supply of approximately 650 trillion, and a circulating supply of 550 trillion.
The current price is about $0.000045, with a market capitalization of $246 million and a 24-hour trading volume exceeding $12.9 million. Despite facing a 12-year imprisonment for Do Kwon and regulatory shadows, the LUNC community is pushing for revival through a 1.2% transaction tax burn mechanism and the USTC re-peg roadmap. The 2025 proposal focuses on foreign exchange stablecoins such as EUTC, expanding into the Asian market, injecting real asset collateral, and enhancing practicality. LUNC not only symbolizes resilience but also bridges the Cosmos ecosystem, supporting L2 applications and RWA DeFi. The staking annual yield ranges from 7% to 14%, attracting investors. Amid the resurgence wave of Web3, Terra Classic forges a narrative of "wealth transfer," ushering in a new era of sustainable growth.
$LUNC
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