$LUNC Update: Price Correction & Key Events
The Terra Classic ($LUNC ) market is highly volatile, currently correcting after an extreme rally.
Current Price: \mathbf{\sim\$0.000060} USD
24-Hour Change: \mathbf{+22\%} (A rebound after yesterday's sharp drop, showing extreme volatility).
Weekly Surge: Over \mathbf{+100\%} in the past week, driven by hype and technical moves.
⚙️ Main Drivers:
Upgrade Hype: Community approval of the v3.6.1 network upgrade (scheduled for Dec 18) fuels confidence in stability and security.
Legal News: Extreme short-term speculation tied to the Do Kwon sentencing (Dec 11), which often results in major "sell the news" volatility.
Token Burns: Over 427 Billion $LUNC burned in total, with Binance remaining the largest contributor, maintaining the scarcity narrative.
Disclaimer: Crypto is highly volatile. This is not financial advice.