The #TerraLunaClassic ecosystem tokens have seen significant price declines as whales and other investors offloaded LUNC. LUNC is trading at $0.00007525, down 2.98% over the past week. LUNC has failed to meet investor expectations, dropping 28.12% over the past week and 31.87 over the past month.
#USTC has not fared significantly better, showing a 3.04% decrease over the past 24 hours and trading at $0.0171. LUNC has also dropped 18.67% over the past weeks and 24.37% over the past month.
This poor performance has caused negative reactions from community members. A prominent crypto proponent recently called $LUNC a meme coin because of its abysmal performance.
However, he received backlash from some in the community, as many are confident that LUNC’s poor performance is just short-term volatility. Another prominent figure also weighed in on the closure of #TerraformLabs , pointing out how this potentially negative outcome can benefit LUNC. Despite the bearish trend, #LUNC✅ still has a recovery potential, and many analysts believe it is coming soon.
