While past performance is no guarantee of future results, understanding LUNC's price history can help provide context for interpreting or making predictions about Terra Classic's price.
We will focus on LUNC as of May 2022, but it will be useful to highlight its earlier dates.
When Terra launched in July 2019, it was priced at around $1.30. This proved to be overvalued and the price fell below $1, remaining there until early 2021. In January 2021, the token surpassed $1 and reached the highest was $22.33 on March 21.
After falling in the following months, the price increased sharply towards the end of the year, reaching $103.33 on December 27.
At the beginning of 2022, the number was then called #LUNA✅ saw significant price action, reaching a record high of $119.18 on April 5. After a crash, it plummeted to a low of $0.00001675 on May 13.
On May 28, the day the new $LUNA came out and the old one became LUNC, the coin closed at 0.00009566 USD. When crypto lending platform Celsius paused withdrawals, confirming the bear market, LUNC fell to $0.0000517 on June 18. By the end of August, the price had increased, closing the month at level 0.0002252 USD.
The announcement of a 1.2% tax on blockchain transactions saw #TerraClassic peak at $0.0005888 on September 8, 2022. The tax proposal passed on September 21, but LUNC price fell to around 0.000185 USD on the morning of September 26.
By mid-day, after news broke that South Korean authorities had contacted Interpol about Kwon and Binance carrying out a 1.2% burn on LUNC transactions, the price spiked, with #LUNC trading at around 0.00031 USD.
On October 2, 2022, it peaked at $0.0003613, before falling to around $0.00029 on October 12. Following the FTX #exchange collapse, LUNC fell to a low of $0.000148 on November 22 but rebounded to $0.0001658 on November 30.
On December 1, news broke that Binance burned over six billion $LUNC , pushing up the price significantly, and by December 2, 2022, it was worth $0.0001805.
