My Clear Analysis on $LUNC — The Real Story Behind the $119 Myth 🔍🔥
A lot of traders still repeat the same line:
“$LUNC once reached $119… it can go back again!”
But as I always explain in my analysis, the truth is completely different — and every trader should understand this 👇
💡 The $119 token was NOT LUNC — it was the old LUNA
The coin that actually touched $119 was the original $LUNC , not today’s LUNC.
At that time:
Supply was only around 350 million
UST’s peg was stable
The ecosystem was strong and growing
Then everything changed when UST collapsed:
UST de-pegged → trillions of tokens printed → supply exploded → the entire chain crashed.
What happened next:
The old
was renamed LUNC
A new blockchain was launched as LUNA 2.0
👉 This means the current LUNC never had a $119 all-time high.
Its true ATH is only around $0.00059.
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🚀 Can LUNC reach $1 or even $119? My opinion:
With the supply in trillions, hitting $1 would require a $5–6 trillion market cap, which is not realistic in the current market.
It can only become possible if:
🔥 Over 99% of the supply gets burned
🔥 Massive new community and utility growth happens
So yes, upside potential exists — but don’t expect miracle numbers without major structural changes.
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💡 My Key Takeaway for Binance Traders
Old LUNA ≠ LUNC
Low supply pumped the old LUNA
Huge supply keeps LUNC suppressed
Always prioritize research over hype. 🔍