Terra Luna Classic (COIN: $LUNC) is the rebranded chain of the original Terra (LUNA) chain. It launched on May 28, 2022, and the LUNA token was renamed to LUNA Classic (LUNC). Recently, the LUNC token has seen an explosion in value after recent developments. Let us take a deep dive into it.
Terra Luna Classic ($LUNC) Featured At Dubai Conference
During the recent Binance Blockchain Week event in Dubai, veteran CoinDesk Journalist Ian Allision appeared at a panel discussion wearing the Terra Luna ($LUNC) logo t-shirt. At the time, he was moderating interviews with executives from Ripple, Mastercard, and TON.
The image soon went viral across Telegram and X, triggering renewed interest in $LUNC. It ignited feelings of nostalgia for one of the most notorious altcoins in the crypto world.
The Terra Collapse
When Terra Luna collapsed in 2022, it triggered a wave of regulatory crackdown worldwide. The logo symbolizes systemic failures in the crypto world. Having the design reappear on the world stage alongside trusted institutions in the financial world triggered a wide range of emotions in the crypto world.
$LUNC Volume Spikes
On Saturday, December 6, 2025, Terra Luna Classic ($LUNC) spiked to over $480 million in daily trading volume, up from the $12 million daily trading volume. The upward price swing was further bolstered by the burning of 559.59 million LUNC tokens as part of the community incentivized burns.
Scheduled Upgrade
Excitement around Terra Luna Classic ($LUNC) is building up ahead of the scheduled network upgrade that will be supported by Binance. According to an announcement, the upgrade will start at around 2025-12-08 12:05 (UTC).
During the upgrade, deposits and withdrawals on the Terra (LUNA) network will be suspended. The upgrade will occur at block height 18,660,000. Once the upgrade is deemed stable, trade will resume.
Renewed Attention On Do Kwon
Another catalyst for the rally is growing attention on Do Kwon. He is currently facing sentencing proceedings in the US. As the legal conclusion nears, it could mark an important reset point for $LUNC, allowing the token to trade like a legacy meme asset instead of one with legal distress.
The DOJ is looking for a 12-year sentence for Do Kwon. According to a report from the DOJ, they do not believe his apology and attack his attempt to evade blame and portray himself as a victim of abuse of power by officials in Montenegro.
Terra Luna Classic ($LUNC) Market Performance
The $LUNC volume has continued to spike, and as of Sunday, December 7, 2025, it had a trading volume of $590.75 million, nearly double its market cap of $356.77 million. That could signal that the rally is not about to lose momentum anytime soon.
In the past 24 hours, the price has spiked 19.1% to $0.00006546 as of Sunday, December 7, 2025. The price has surged 136.9% in the past seven days, and is 86.5% higher than it was last month. However, $LUNC is still trading at a 100% discount to its all-time high of $119.18 that it achieved on April 3, 2022. However, it has recovered 6533.2% since its all-time low of $0.000001, which it achieved on May 12, 2022.
Is $LUNC A Buy Following Its Viral Dubai Moment?
The ongoing $LUNC rally highlights the fact that the crypto market is mainly driven by speculation. Narrative still carries the weight above the fundamentals. The t-shirt highlights how quickly market sentiment can change, even for a project once written off as dead. However, with an upgrade coming soon, continuing token burns, and a massive spike in trading volume, adding $LUNC to your portfolio could potentially lead to some short-term gains.
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