LUNC 💵 The Collapse and Possible Comeback of Terra Luna Classic ($LUNC): A Story of Resilience 🔥
In May 2022, Terra Luna Classic ($LUNC) faced one of the most devastating collapses in crypto history. Once valued at $118, its price nosedived to an astonishing $0.00001 in a matter of days. This catastrophic downfall was caused by a series of systemic failures:
1️⃣ UST De-Pegging: TerraUSD, an algorithmic stablecoin meant to maintain a $1 peg, failed, sparking investor panic.
2️⃣ Excessive Inflation: In a desperate attempt to stabilize the system, the network minted trillions of LUNC tokens, driving its value to the ground.
3️⃣ Massive Sell-Offs: Fear and uncertainty gripped the market, resulting in massive sell-offs that erased billions of dollars in market capitalization.
4️⃣ Algorithmic Weakness: Terra’s stabilization mechanisms were unable to withstand market pressures, revealing fatal design flaws in the project’s structure.
The collapse wiped out over $40 billion of investor wealth and became a cautionary tale for the risks of algorithmic stablecoins.
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⚡ Could LUNC Stage a Comeback?
Fast forward to today, and $LUNC is trading at $0.00008, attracting attention from risk-tolerant traders. Despite its past struggles, the token has managed to maintain a dedicated community and ongoing discussions about new use cases. With talks of potential innovations and revived utility, could Terra Luna Classic defy the odds and make a comeback?
Why Consider $LUNC Now?
For those willing to take the risk, this could be a golden opportunity to accumulate at low levels with a small investment, ranging from $100 to $200 or more, as a speculative play. However, remember that cryptocurrency investments are inherently risky—only invest what you can afford to lose.
👉 Support the Movement
❤️ Follow ❤️ + 👍 Like 👍 to stay updated on $LUNC’s journey. Your support helps us bring valuable insights and opportunities to the community. Together, let’s navigate this potential comeback story.
#BinanceAlphaAlert #TerraLunaClassic #LUNC #BinanceAlphaAlert #BinanceAlphaAlert
Disclaimer: This content is for informational purposes only and does not constitute financial advice. Always do your own research.

$LUNC

▶️In my longer term view for LUNC, we are currently in black wave 2 correction inside the larger gray wave 3.
▶️If this scenario plays out, we would be looking at a 2-3x gain in the next few months.
▶️It is not yet clear if black wave 2 is finished or we are still in a longer correction (A).
▶️ The blue descending trendline is the key for price to pump

📈LONG: $LUNC (3D)
#LUNCUSDT | #LUNC | #TerraLunaClassic

Market Cap $733.09M
Change 1h -0.20% | 24h +1.25%

Current Indicators:
•  RSI: 53 - Neutral 🟠
•  MACD: 0.00 - Bullish 🟢
•  EMA: 0.00 - Trading Above 🟢

Analysis: 
LUNC's long-term view shows it's in a black wave 2 correction within a gray wave 3. This setup suggests potential for a 2-3x gain in the upcoming months. However, uncertainty remains if black wave 2 is truly over. Keep an eye on the blue downward trendline—it’s key for any significant price increase.

Price Targets: 
If a breakout occurs, initial targets might aim for around 0.00001798. Continued momentum could push prices toward 0.00002200 or even higher. Watch for any breakthroughs of the trendline for confirmation of upward movement.

Terra Luna Classic's community

The #TerraLunaClassic community is voting on Proposal 12147 to update $LUNC
and $USTC
on CoinMarketCap. This voting comes ahead of LUNC’s v3.3.0 upgrade, which aims to streamline tax handling and boost security, enhancing the ecosystem.

Growing Support For Proposal 12147
So far, 215 delegators and 30 validators have voted yes, highlighting the growing support for Proposal 12147. Voter turnout is currently split, with 51% yes vote and 37% voting no. The proposal is a big deal for the LUNC community as it would increase visibility and accessibility for existing and new investors.

However, community personalities like HappyCattyCrypto opined that CoinMarketCap links are centralized and lack important metrics and tools for LUNC. Nevertheless, the proposal will give Allnodes, a top validator dashboard, access to implement changes.

Upon approval, the dashboard will include links to the Terra Classic Documentation, Galaxy Finder, GitHub, and Commonwealth Forums. The aim is to increase community engagement, transparency, and ecosystem growth.

Another crucial development on the cusp of the Terra Luna Classic ecosystem is the blockchain upgrade to version 3.3.0. As CNF reported, the upgrade is scheduled to commence on December 17, temporarily halting the chain to implement the changes.

The upgrade will help to streamline tax handling and provide more utility for Terra Luna Classic. It will also reduce development barriers for Decentralized Applications (dApps) to build on the platform. This will encourage more projects to adopt the Terra Luna Classic chain.
#BinanceAlpha

$LUNC
price fell 2% in the past 24 hours, but trades above the $0.00012 support level. #TerraLunaClassic price currently trades at $0.0001296. The 24-hour low and high are $0.0001278 and $0.0001345, respectively. Furthermore, the trading volume has decreased by 27% in the last 24 hours, indicating a decline in interest among traders.

As per analysts, the long-term price is healthy and staking is consistent with a recent dip indicating that investors expect a pump incoming.

Meanwhile, $USTC
price also fell 2% on broader crypto market cues. The price currently trades at $0.02294, with a 24-hour low and high of $0.02251 and $0.02418, respectively. However, trading volume has surged 22% over the past 24 hours.
#USUALSpotPrediction

🌟 Big News for LUNC Holders! 🌟
Binance has announced full support for the upcoming Terra Luna Classic (LUNC) network upgrade, igniting fresh optimism among the LUNC community. Could this be the first step toward LUNC reclaiming its glory and possibly hitting $1? Let’s break it down.

⛓️ Binance’s Support for the LUNC Upgrade

🔹 Why It Matters: Binance, as the largest crypto exchange, plays a key role in LUNC’s journey by:
• Ensuring smooth network functionality post-upgrade.
• Maintaining seamless trading and staking services for LUNC holders.

🔹 What’s New?
This network upgrade aims to enhance LUNC’s security, scalability, and utility, paving the way for increased adoption and ecosystem growth.

🌕 LUNC’s Road to $1: Challenges and Opportunities

While reaching $1 remains ambitious, it’s not out of the question with the right conditions:

1️⃣ Widespread Adoption: Real-world use cases and developer interest could drive long-term growth.
2️⃣ Strong Community: The LUNC community has already demonstrated resilience—now it’s time to build on this momentum.
3️⃣ Investor Confidence: Binance’s support boosts market sentiment and liquidity, creating room for upward movement.

📈 Potential Price Scenarios

🚀 Bullish Scenario:
If the upgrade delivers on its promises, LUNC could see gradual price increases. Community efforts combined with Binance’s backing might even help LUNC inch closer to $1 over time.

🔄 Neutral Scenario:
The price could stabilize as the network gains traction, hovering between $0.0001–$0.0005 in the short term, depending on broader market conditions.

📉 Bearish Scenario:
If adoption falters or market sentiment declines, LUNC could face challenges maintaining current levels.

✨ Why Binance’s Support is a Game-Changer

With Binance standing behind LUNC’s development, the network gains:
✅ Visibility: Increased exposure to millions of Binance users.
✅ Liquidity: Greater trading volume and stability.
✅ Credibility: Binance’s endorsement inspires investor trust.

💡 Final Thoughts

While hitting $1 is a tall order, Binance’s support for the Terra Luna Classic upgrade brings fresh hope and renewed momentum to the project. With continuous development and strong community backing, LUNC could see steady progress in the months ahead.

Are you ready to ride the LUNC wave? Stay tuned for more updates! 🌊

#Lunc2TheMoonSoon #TerraLunaClassic #binancesupport #CryptoPredictions2030 #Write2Earn! $LUNC

Analysts of the crypto $LUNC
(#TerraLunaClassic ) should also keep an eye on the overall market situation of altcoin to assess the most suitable time for a bull run.

Normally, alternative coins to #Bitcoin❗ perform well when the latter loses ground in the market in terms of capitalization dominance.

For almost 2 years now, the entire market stage has been in favor of the king of the market, which has seen its dominance grow from 40 to 58%.

As soon as we see the first drop in dominance $BTC
below the EMA 50 (currently at 54.5%), we might also observe the coordinated growth of altcoins.

Cryptos like #LUNC✅ would obviously benefit, opening the doors to brief periods of trading outside the ordinary.

Obviously, it is not certain that LUNC will precisely follow the trend of the other coins, but it is likely that it will reflect a similar pattern.

At this moment, the general alt market is weak, with few cases of coins that have outperformed #bitcoin☀️ .

Even Ethereum is in a condition of clear weakness, overshadowed by the better performance of the top-ranked currency.

We will see if in the coming weeks something will start to move, offering appreciation opportunities for LUNC.
#MemeCoinTrending

Amidst an ongoing extradition dispute, Terraform Labs co-founder now faces two more months in jail in Montenegro.Montenegro’s High Court is seeking to extradite Kwon to the U.S. where he faces criminal charges, but the defendant’s lawyer disputes the extradition.
In the ongoing criminal case against Terraform Labs co-founder Do Kwon, the case could stretch into 2024 following an extradition dispute. Kwon faces extradition to either the U.S. or his country of birth in South Korea. In both countries, the co-founder is charged with criminal and fraud charges. The former CEO of Terraform Labs, the company behind the stablecoin TerraUSD that collapsed in 2022, sent the entire crypto market plummeting and investors of the stablecoin losing billions in investment.
Due to the complexity of this case, the court is seeking to extend the term in custody. This would see Do Kwon spend another two months in the Montenegro jails.
“The court in Podgorica ruled that the term in custody, which would have expired on Friday, be prolonged by two months to Feb. 15,” a recent report stated.
Do Kwon was arrested in March this year. He was detained with the former finance officer for Terraform Labs Han Chang-joon at the airport in Podgorica, the capital of Montenegro when boarding a flight to Dubai.
In addition to the awaiting cases in South Korea and the U.S., the entrepreneur faces a class-action lawsuit in Singapore, where 375 claimants allege losses of $57 million. The claimants allege fraudulent misrepresentation by Terraform Labs and Do Kwon, particularly concerning the promotion of the algorithmic stablecoin terraUSD (UST). The dramatic plunge of UST’s value in May 2022, which saw it fall to less than $0.10.
Earlier this month, Kwon’s lawyers filed an appeal against the High Court’s decision to extradite. “I do not accept the court’s decision to extradite me, so I do not submit to the court’s decision,” his legal representatives noted.
Since UST imploded, Kwon has been pleading innocent blaming the crash of the project on the the algorithm. In an interview last year, Kwon insisted that the Terra network wasn’t a fraud as many people were erroneously thinking. The Terraforms labs CEO said;
I was confident about the bets and statements I made on UST (TerraUSD) ‘s behalf.” Kwon said he firmly believed in the value proposition and resilience of the TerraUSD. However, he has lost these bets since he couldn’t match his words with his actions.
Despite these claims, accusations persist that the CEO was running a fraudulent project. Daniel Shin, the co-founder of collapsed stablecoin issuer Terraform Labs, blamed former CEO Do Kwon. Through his lawyers, he added;

The cause of the coin plunge was the unreasonable operation of the Anchor Protocol conducted by CEO Kwon and external attacks. It has nothing to do with Shin,
Following the collapse, Terraform Labs began trading a new cryptocurrency dubbed Luna 2.0 which has been celebrating relative success since its launch.
#TerraLunaClassic #Terraform #DoKwon

Cryptocurrency enthusiasts are always on the lookout for the next big thing, and in the ever-evolving marketTerra Luna Classic (LUNC) has emerged as a coin to explore. ​In this article we will delve into the unique features of Terra Luna Classic (LUNC) in which we have asked some interesting questions for guiding the readers on the possible future of this cryptocurrency..Understanding the Terra Luna Classic (LUNC)Born out of the Terra ecosystem, Terra Luna Classic is not just another altcoin. Leveraging the codebase of its predecessor Terra Luna, this forked cryptocurrency brings its own set of unique features and aspirations. Before looking to the future, let’s understand those key characteristics that set LUNC apart.1. Built on a Terra foundation:LUNC uses the Terra codebase but distinguishes itself with specific features. Compared to the original Terra Luna, how does this integration increase or change performance?2. Community-Driven Development:Success in the crypto world often depends on community engagement. Questions arise: "What activities do your communities participate in?" and "How influential is community support in shaping the course of the LUNC?"Questions and thoughts about what will happen in the future:1. Market Dynamics:The cryptocurrency market is notoriously volatile. How does LUNC plan to navigate these waters, and what measures have been taken to ensure stability as the market changes?2. Innovation and upgrades:The crypto-space is evolving rapidly. What new features does LUNC plan to introduce, and how does it aim to stay ahead in a competitive environment?3. Adoption and partnerships:Cryptocurrency adoption is often based on strategic partnerships. Is there a noteworthy partnership for Terra Luna Classic, and how does it plan to expand its reach?Engaging the ReadersAs you consider the future of Terra Luna Classic (LUNC), we invite you, the readers, to reflect on these questions:1. What role do you think community support plays in the success of cryptocurrencies like Terra Luna Classic (LUNC)?2. How important is innovation and adaptability in the ever-changing landscape of the cryptocurrency market?3. What factors will affect your decision to invest in or support Terra Luna Classic (LUNC) over other emerging cryptocurrencies?When we come to the conclusion, I will tell you, dear readers:I hope, as LUNC makes its way into the future, the answers to these questions can provide valuable insight into its path. The cryptocurrency market is dynamic, and only time will reveal the true extent of Terra Luna Classic's influence.If you have a specific cryptocurrency in mind that you would like the next article to focus on, please mention the name of the cryptocurrency in the comments below. I’d love to write an article exploring the future, features, or potential of your favorite cryptocurrency I’m eagerly awaiting your feedback!See market data for Terra Luna Classic (LUNC).https://coinmarketcap.com/currencies/terra-luna/I have shared this article elsewhere. #LUNC #LUNA #TerraLunaClassic #TerraLuna #terraluna $SOL $BNB $XRP

Terra, or LUNA, experiences a significant 42% surge while its parent company, TFL, faces legal troubles tied to bankruptcy. Amidst a dispute with the SEC, responsible for securities regulation, uncertainty clouds Terra’s recent gains.
Terra (LUNA) experiences a notable 42% surge amid its legal battle with the SEC. Terraform Labs is defending its legal stance against SEC objections in bankruptcy proceedings, raising uncertainty about its future. The cryptocurrency community keenly watches the outcome of this dispute.

Terra (LUNA) Surges Amid Legal Turmoil
Amidst a turbulent legal landscape, Terra (LUNA) experiences a remarkable surge of 42%, with its current price reaching $1.181, garnering significant attention from the cryptocurrency community.
However, this surge occurs amidst a heated legal battle between Terraform Labs, the company behind Terra, and the U.S. Securities and Exchange Commission (SEC). Terraform Labs finds itself embroiled in bankruptcy proceedings, where it confronts objections raised by the SEC regarding its legal representation.
In response to the SEC’s objections, Terraform Labs remains steadfast, challenging the merits of the SEC’s claims. The company asserts that the objections lack substance and are intended to undermine its ability to defend itself in the ongoing legal dispute.
This confrontation escalates tensions in the legal arena, raising questions about the regulatory oversight of cryptocurrency projects and the challenges they face in navigating complex legal frameworks.
Terraform Labs Faces Scrutiny Amid Legal Defense
Amid its legal battle, Terraform Labs’ defense strategy undergoes scrutiny from regulatory authorities and the legal system. The company stands by its decision to retain Dentons U.S. LLC as special counsel in its bankruptcy case, emphasizing the critical need for robust legal representation amidst regulatory and legal complexities.
However, Terraform Labs encounters significant obstacles in its defense efforts. It seeks court approval to cover essential legal expenses for defending against SEC litigation and complying with ongoing Department of Justice (DOJ) investigations. Yet, it faces opposition from both the SEC and the U.S. Trustee’s Office, raising doubts about the feasibility of its proposed expenditure and the efficacy of its defense strategy.
The objections from the SEC and the U.S. Trustee’s Office cast doubts on Terraform Labs’ ability to navigate the legal intricacies of its bankruptcy proceedings and regulatory hurdles. The company finds itself at a pivotal moment, where securing adequate legal representation and effectively safeguarding its interests become increasingly uncertain amidst growing regulatory pressure and legal scrutiny.
Uncertainty Surrounds Terraform Labs Amid Legal Dispute
As the legal dispute continues, uncertainty casts a shadow over Terraform Labs’ future trajectory and the wider cryptocurrency ecosystem. The outcome of the legal proceedings holds considerable implications for the company’s financial stability, regulatory compliance endeavors, and overall long-term viability.
Despite grappling with regulatory hurdles and legal obstacles, Terraform Labs remains resolute in its pursuit of fair treatment and due process. The company staunchly defends its right to mount a robust defense against the regulatory challenges it confronts. It advocates for transparency, accountability, and regulatory clarity within the cryptocurrency sphere.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#TerraLunaClassic

#MuskXPayments After Binance burned 1 billion $LUNC
tokens, as discussed in a recent CNF update, it could potentially drive the next phase for #TerraLunaClassic . Once again, Terra Luna Classic (LUNC) has captured investors’ attention as its trading volume on Binance surged to a staggering 2.27 trillion tokens last week.

The Terra Classic Foundation announced that half of the trading fees generated from this activity would be used to buy back and burn LUNC, heightening expectations of a price rally.

With Binance’s next burn event set for 12 days from now, market watchers anticipate a potential price boost as the token supply diminishes.