LUNA is the native token of the Terra blockchain, mainly used for staking and governance. It is a different asset from LUNC on Terra Classic, so confirm the network before using or trading it.

At genesis in 2022, Terra set an initial supply of 1 billion LUNA and distributed it by snapshot to eligible addresses in the original Terra Classic ecosystem. The protocol also mints new LUNA through blocks for staking rewards.

Terra Price Today, Live Market & Historical Trend Chart

Q: What is LUNA staking used for?

Users can delegate LUNA to validators to help validate the network and earn staking rewards from transaction fees and new issuance. The tokens remain owned by the user after delegation, but cannot be freely traded before unbonding is complete.

Q: How does LUNA participate in governance?

LUNA stakers can vote in Terra governance, with one staked LUNA equal to one vote. If a user does not vote directly, their voting power follows the vote of the validator they delegated to by default.

Q: How long does it take to unstake LUNA?

After unstaking, it takes about 21 days before tokens become tradable again, and no staking rewards accrue during the wait. Staking also carries validator slashing risk, which may affect part of a delegator's staked assets.

Q: Where does LUNA's new supply come from?

Terra's mint module releases new LUNA in every block and feeds it into the reward process for stakers. The documentation lists a fixed annual inflation rate of 7%, so new supply affects the long-term token count.

Q: What is the difference between LUNA and LUNC?

In May 2022, the Terra mainnet launched and retained the Terra name; the original chain was renamed Terra Classic and the original Luna was renamed LUNC. Their networks and tokens are different.

Q: Who owns the tokens after LUNA is delegated to a validator?

Staked LUNA remains owned by the delegator and is not transferred to the validator. Validators produce blocks and validate transactions, while a delegator's stake affects that validator's weight.

Q: What staking states can LUNA have?

LUNA can be unstaked, staked, or unbonding. Unstaked LUNA can be freely traded; staked LUNA earns rewards but cannot be freely traded; during unbonding it cannot be traded and earns no rewards.

Q: Why are some genesis-distributed LUNA locked?

In the genesis distribution, some LUNA for original Terra Classic ecosystem addresses had lockup and gradual release arrangements. Locked tokens cannot be freely traded, but the documentation says they can still be delegated, redelegated, or undelegated.

Rank 590

$0.04476

+$0.00024(+0.56%)

Market Cap

$31.97M

24h High

$0.04524

24h Low

$0.04416

24h Turnover

$21.17K

Total Supply

1.18B

Market Sentiment

Neutral

Terra (LUNA) Price Performance

View Terra (LUNA) Price Prediction

Terra (LUNA) has a Last Price of $0.04476, with a 24h change of +0.56%. The 24h low is $0.04416, the 24h high is $0.04524, and the 24h turnover is $21.17K. The current market cap is approximately $31.97M, ranking 590 by market cap and accounting for 0.001% of the total crypto market cap. The All-Time High is $18.87000 (⁦2022-05-28⁩), with a change from the All-Time High of -99.76%.

7 Days
+2.74%
Low
$0.04018
High
$0.04820
30 Days
-17.03%
Low
$0.04018
High
$0.05766
90 Days
+3.14%
Low
$0.03950
High
$0.06538
1 Year
-54.51%
Low
$0.03950
High
$0.24800

Fear & Greed Index

0 Extreme Fear100 Extreme Greed

Yesterday: 55; Normal
Last Week: 62; Greed
Last Month: 70; Greed

The Fear & Greed Index is currently 63/100, in the Greed zone; change from yesterday: +8, from last week: +1, and from last month: -7. Lower values indicate more fearful sentiment, while higher values indicate more greedy sentiment. This does not represent price change.

Why Did Terra (LUNA) Rise in the Last 24 Hours?

Order-book data showed 23,411.37 units of buy volume against 524.54 units of sell volume across the top five levels, a depth ratio of 44.63 and a clear near-term buy-side imbalance. However, the estimated notional value of near-term sell volume was only about $23.44 at the time, indicating a shallow local book; this does not represent market-wide liquidity or establish broad participation. The candle closing at 12:00 UTC on 2026-10-21 was up 0.27% from its open, with volume of 1,276.95, but its interval and volume unit were unspecified, so it cannot establish 24-hour participation. Technical signals were neutral overall: bullish 4-hour moving averages conflicted with bearish daily moving averages, while the low 4-hour ADX offered no confirmation of trend strength. Local buying and uneven liquidity may have caused a short-term disturbance, but do not confirm a sustained rise or market-wide consensus.

About Terra (LUNA)

Terra is an algorithm stable currency platform, which runs on the proof of stack (POS) built by tendermint, which is the bottom layer of the equity proof blockchain. Luna is Terra's platform token, which is used for the issuance of terrasdrs, price stabilization mechanism and network governance. Users can use Luna tokens to exchange for terrasdrs stable coins and vice versa. The price stability of such a stable currency is guaranteed. Luna is the mining coin of Terra dpos blockchain, and Terra is supported by Luna. Therefore, miners provide stability and safety. In the exchange, the agreement provides stable mining incentives under all economic conditions by virtue of transaction fees and Seigniorage. Terra is designing a price stable digital currency, which will provide a driving force for the next generation blockchain payment network. Terra has established a global e-commerce alliance with sustained growth of users, bringing the low-cost advantages of blockchain transactions to merchants and consumers. Terra's goal is to connect digital currency with practical applications, grow into an open platform for innovative financial decentralization application (DAPP), and achieve the real growth of blockchain economy. Terra was founded by a group of business, finance and blockchain technology experts with offices in Singapore and South Korea. The price stabilization mechanism of Terra system depends on the Arbitrage Behavior of users. For example, when terrakrw, a stable currency against the standard Korean won, drops to 0.95:1.00, users can use the encrypted currency of 95 Korean won to obtain 100terrakrw on the trading platform, and then exchange it to the terra platform to obtain a Luna token worth 100 Korean won. If the price of terrakrw exceeds 1 won, users can exchange Luna tokens for terrakrw, and then sell it on the trading platform to make a profit. Terra platform hopes to give predictable rewards to network maintainers no matter whether the network economy is

Use Cases and Features

LUNA is the native staking and governance token of the Terra blockchain. Holders can delegate LUNA to validators to help the network validate transactions and earn rewards from transaction fees and new issuance; staked tokens cannot be freely traded. Stakers can also participate in governance voting, with one staked LUNA corresponding to one vote. Unstaking requires a 21-day waiting period, during which tokens cannot be traded and earn no rewards; if a validator violates the rules, delegated staked assets may also be slashed.

Supply and Issuance Mechanism

The Terra chain launched in May 2022 with a genesis supply of 1 billion LUNA, allocated to the community pool and to LUNA, aUST, and UST holders in the original Terra Classic ecosystem who met snapshot requirements. Thereafter, the protocol mints new LUNA in every block and uses it for staking rewards for validators and delegators; the documentation lists a fixed annual inflation rate of 7%.

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Terra (LUNA) Basics & Market Insights

Fundamentals

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Market Analysis

Stablecoin Market Cap Sees Largest Drop in Four Years This June: What On-Chain Liquidity Data Is Telling UsIn June 2026, the total stablecoin market capitalization dropped by $7.7 billion, marking the largest single-month decline since the Terra-Luna collapse. USDT and USDC together saw outflows of approximately $13 billion, leading to a significant contraction in on-chain liquidity.2026-07-13

Insider Trading or Precision Risk Management? Unpacking Jane Street’s Role in the $40 Billion Luna CrashTerraform liquidators have filed a lawsuit against Jane Street, alleging that the firm engaged in front-running trades using insider information prior to the Luna collapse. This article outlines the timeline, examines key data details and disputes between both parties, and explores how this pivotal event is reshaping the landscape of the crypto industry.2026-02-26

The Answer After Four Years: Jane Street Accused of Insider Trading — Are They Responsible for the LUNA Collapse?Jane Street has been accused of insider trading, allegedly using the “Bryce’s Secret” group chat to learn in advance about Terraform’s withdrawal plans and pulling out $85 million worth of UST before the LUNA crash. This article examines the new allegations behind the $40 billion wipeout and explores the role played by this quantitative trading giant.2026-02-25

Frequently Asked Questions About Terra (LUNA)

What is LUNA?

What is LUNA staking used for?

How does LUNA participate in governance?

How long does it take to unstake LUNA?

How was LUNA issued?

Where does LUNA's new supply come from?

What is the difference between LUNA and LUNC?

Who owns the tokens after LUNA is delegated to a validator?

What staking states can LUNA have?

Why are some genesis-distributed LUNA locked?

What do validators do on the Terra network?

Can I change the validator I delegate to?

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