After reaching price levels of 115 dollars in April 2022, LUNC caused numerous investors to lose their assets following the colossal value loss recorded with the collapse of Terra Classic in May 2022. Continuing to drop since its collapse, LUNC has recorded a further 17% value loss over the last month, retreating to 0.000082 dollars.
LUNC’s Continuous Value Loss
Terra Classic’s native cryptocurrency, LUNC, received severe criticism from the crypto ecosystem despite surpassing price levels of 115 dollars in April. Many people warned about Terra Classic and pointed out a possible drop. Indeed, LUNC experienced a massive drop and recorded value losses approaching 100% following the collapse of Terra Classic, formerly known as Terra, in May.
Following the collapse in May, LUNC declined to price levels of 0.00012 dollars after reaching 115 dollars in April. Even though it recorded short-term rises from time to time, LUNC continued to steadily lose value since May 2022.
17% Decrease in Last Month
LUNC, which caused many investors to lose their assets in a very short period with massive value losses following the collapse in May 2022, continued to record high rate value losses without slowing down after the large-scale drops it recorded in May.
Recording an average value loss of 17% in the last month, LUNC started trading from price levels of 0.000082 dollars. At the same time, according to CoinMarketCap (CMC) data, LUNC entered the top 20 cryptocurrencies that lost the most value percentage-wise in the last month among the top 100 cryptocurrencies by market value. As of the time of writing, LUNC, trading at price levels of 0.000082 dollars, is currently ranked 80th in the CMC market value ranking.
