The crypto $LUNC
(#TerraLunaClassic ) was originally known as $LUNA
, before one of the most impactful collapses in the crypto world occurred in May 2022.
The cryptocurrency, which at the time was worth over 100 dollars for a capitalization of 40 billion dollars, was the victim of an attack on its algorithmic #stablecoin UST.
The result is that the supply of the crypto has increased dramatically, leading to a rapid devaluation and general panic among the holders.
In a few days, the progress of the previous years was wiped out, bringing #LUNAâ
(later renamed #LUNCâ
) practically to zero.
In the meantime, the community has split in two, with one part executing a fork of the chain and the other remaining in the original cryptographic environment.
