The current real-time price of LUNC is $0.0000408. In the past 24 hours, LUNC has traded between $0.0{4}4047 and $0.0{4}4238, showing strong market activity. The all-time high of LUNC is $125.85, and the all-time low is $0.0{6}1841.
From a short-term perspective, the price change of LUNC over the past 1 hour is , over the past 24 hours is +0.11%, and over the past 7 days is -1.87%. These figures provide a quick overview of the latest price trends and market dynamics of LUNC on LBank.-16.01%
The live price of LUNC today is $0.0000408, with a current market cap of $0. The 24-hour trading volume is 12K. The price of LUNC to USD is updated in real time.
Before deciding whether to buy or sell LUNC, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s LUNC technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for LUNC.
How much will LUNC be worth tomorrow, next week, or next month in ? What about your LUNC assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! LUNC Price Prediction
To learn more about LUNC, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
binance-smart-chain | 0x3146...8f6b49  | 3.250B | 4.17% |
binance-smart-chain | 0x3000...045db5 | 1.100B | 1.41% |
ethereum | 0x050d...23eb52 | 966.053M | 1.24% |
ethereum | 0x33f6...fb6b38 | 797.689M | 1.02% |
binance-smart-chain | 0x34c4...df70d0 | 694.073M | 0.89% |
Other | 71.186B | 91.27% |
Terra Classic (LUNC) is the original native token of the Terra blockchain, which launched in August 2018. It became known as "Terra Classic" after the significant transformation of the Terra ecosystem in May 2022. The "Wormhole" often highlights its presence and ability to move across various blockchain networks, a process facilitated by the Wormhole bridge. This network is now maintained by its community.
The collapse was initiated by the de-pegging of its algorithmic stablecoin, UST (now USTC), from the US dollar. The system designed to maintain UST's $1 peg involved minting and burning LUNA. When UST lost its peg, the system attempted to stabilize it by minting an excessive amount of LUNA. This led to hyperinflation of LUNA (now LUNC) and a drastic depreciation in its value, causing the ecosystem's downfall.
Terra Classic operates as a decentralized blockchain, sustained and maintained by its dedicated community. It utilizes a Proof-of-Stake (PoS) consensus mechanism, where validators play a crucial role in securing the network by staking LUNC tokens. The community actively governs the project through an on-chain voting process, allowing LUNC holders to participate in decisions regarding network upgrades, protocol changes, and token burn proposals. This ensures a community-driven development path for the ecosystem.
LUNC token burns involve the permanent removal of LUNC tokens from circulation. This mechanism is a cornerstone of the community's strategic efforts to address the massive supply of LUNC that flooded the market after the 2022 collapse. By reducing the total token supply, the community aims to introduce scarcity, which could potentially contribute to an increase in the token's value. These burns are crucial for managing the tokenomics and demonstrating long-term commitment to a sustainable ecosystem.
Investing in LUNC carries significant risks. Key concerns include extreme price volatility, reflecting its turbulent history and speculative nature. The token also faces challenges due to a lack of strong underlying fundamentals when compared to many established projects. Its value largely depends on ongoing community-driven efforts, market sentiment, and speculative interest. Furthermore, the outcomes of legal issues surrounding Terraform Labs and its founder could impact its future. Therefore, it is considered a high-risk asset.
LUNC is available for trading on many major cryptocurrency exchanges. To buy or sell LUNC, you would typically start by creating an account on a platform like LBank. After setting up your account, you would deposit funds, which can then be used to purchase LUNC directly. Alternatively, you might first buy a stablecoin, such as USDT, and then trade that stablecoin for LUNC. The process for selling generally involves trading LUNC back to a stablecoin or another cryptocurrency, then withdrawing your funds.
Just Now
Dear LBank User
Our online customer service system is currently experiencing connection issues. We are working actively to resolve the problem, but at this time we cannot provide an exact recovery timeline. We sincerely apologize for any inconvenience this may cause.
If you need assistance, please contact us via email and we will reply as soon as possible.
Thank you for your understanding and patience.
LBank Customer Support Team
