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Why LUNC Keeps Bleeding: The Real Story Behind Terra's Ghost Token
LUNC is trading at $0.000083, holding a $460M market cap with daily volume around $42M. On the surface, it’s just another dead altcoin—but the mechanics behind its crash reveal how badly one mistake can wreck an entire ecosystem.
The Domino Effect
It all started with UST’s depeg in 2022. When the algorithmic stablecoin lost its dollar peg, it triggered a bank run on Luna. LUNC’s price collapsed from over $100 to fractions of a cent. But here’s the thing: the real damage wasn’t the crash itself—it was what came after.
Terra didn’t learn. They kept minting new LUNC to try and stabilize UST (spoiler: it didn’t work). That massive supply dump created permanent selling pressure. Imagine printing money to solve inflation—it only makes it worse.
Why It’s Still Struggling
What’s Next?
Analysts are throwing out 2025 price targets—$0.00008817 average, with a bull case at $0.0001225 and bear case around $0.00004673. Honestly? These numbers are educated guesses at best. The crypto market doesn’t care about technical targets when fundamentals are this broken.
Real talk: LUNC is a case study in what not to do. If you’re still holding it, you’re betting on a dead project finding a pulse. That’s not investing—that’s gambling.