🚨 Reality Check on LUNC Price Myths 🚨
You’ve probably seen people say:
“LUNC once reached $119 — it will do it again.”
That statement is not accurate.
Here’s what actually happened 👇
💡 The $119 price belonged to the OLD $LUNA , not today’s LUNC
At that time:
✅ Circulating supply was around 350 million
✅ UST was holding its peg
✅ The Terra ecosystem was expanding rapidly
Everything worked — until it didn’t.
---
💥 The Collapse Explained
When UST lost its peg:
• Trillions of tokens were minted
• Supply went out of control
• Confidence vanished
• The chain was split
What followed 👇
🔹 Old LUNA → renamed LUNC
🔹 New blockchain → LUNA 2.0
Important fact:
📌 LUNC never touched $119
👉 Its true all-time high is about $0.00059
---
📊 Can $LUNC reach $1 or higher?
With the current massive supply:
💰 $1 would require a multi-trillion-dollar market cap
⚠️ That’s extremely unlikely under normal conditions
Possible only if:
🔥 Massive token burns (over 99%)
🔥 Strong and sustained community expansion
🔥 Real utility adoption
Yes, price can move —
🚫 but expecting historic levels is unrealistic.
---
🧠 Takeaway for Traders & Investors
Low supply drove the old pump
Oversupply crushed the price
📚 Always research — don’t trade the hype
#LUNC✅ #TerraLunaClassic #CryptoExcitement #WriteToEarnUpgrade
