You still hear people saying:
“LUNC once traded at $119, it can return there again!”
But that belief is based on a misunderstanding 👇
💡 The token that actually reached ~$119 was not today’s $LUNC —
it was the former $LUNA (pre-crash version).
At that time:
✅ Circulating supply was roughly 350M only
✅ UST was stable
✅ The Terra ecosystem was thriving
Then everything collapsed:
UST de-pegged → supply hyper-inflated → the chain imploded.
What happened next?
🔁 The old chain + token were renamed to LUNC
🔁 A brand-new network launched as LUNA 2.0
👉 Meaning: The current LUNC never had a $119 price history.
Its true all-time high is only around $0.00059.
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🚀 Can LUNC reach $1 or $119 now?
With trillions in circulating supply:
📌 $1 would imply a $5–6 trillion market cap — basically impossible.
For any explosive upside, it would need:
🔥 Massive burn mechanisms
🔥 Extreme ecosystem expansion
🔥 Unprecedented demand
Upside is possible — but expecting miracle prices is unrealistic.
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💡 The Takeaway
Old LUNA ≠ Today’s LUNC
A small supply pumped it.
An oversized supply crushed it.
✔️ Hype fades
✔️ Fundamentals decide the truth
Always study before believing narratives. 🔍
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