Terra Luna Classic (LUNC) is fading away in relevancy, giving way to newer altcoin counterparts to exit the TOP 150 by global market cap.

However, there’s a loyal LUNC community behind the embattled Layer-1 chain, collectively contributing to millions of LUNC token burns every week.

Despite fading in relevancy with newer altcoins exiting the TOP 150 by global market cap, there’s a loyal community behind the embattled Layer-1 chain, collectively contributing to millions of LUNC token burns every week.

Over the past 7 days, Terra Luna Classic’s (LUNC) community set ablaze 1,178,276,299 coins. On the other hand, the off-putting Terra Classic price performance could not be evaded due to very low trading volumes, usually hovering around $20 million per day on Spot markets.

LUNC, USTC $1 Price Targets Still Far-Fetched

Now, there’s still a rather overprinted supply of 5.45 trillion LUNC tokens, while the once-thriving Terra Luna Classic (LUNC) dropped in price 69% in a yearly time span. Moreover, three years after the horrendous Terra Classic USD (USTC) de-pegging, the dedicated LUNC community started burning USTC in hopes to eventually peg it back to $1.

Similarly, Terra Luna Classic’s (LUNC) $1 restoration dream is also a long shot, as it would take an enormous LUNC supply reduction to roughly 1 billion tokens in circulation. As if that wasn’t enough, Terra Classic’s chain upgrades have been silent in the recent months, perfectly portraying the massive decline in LUNC developer activity.

Besides, the all-round crypto bloodbath on Monday didn’t miss Terra Luna Classic (LUNC), which further dipped below key support of $0.00006. These levels were touched on February 28, 2025, then resulting in a slight rebound to $0.00008, but the lack of bull power took the embattled altcoin back down.

The bearish trend is not obstructed by any bull resistance at the moment, as most other on-chain indicators also show negative values. The momentum-determining Stochastic Momentum Index (SMI) hovered between -21 and -23, indicating a fearful market sentiment, while the Chaikin Money Flow (CMF) was the only indicator pointing to neutrality.