As of late August, Terra Classic (LUNC) trades at $0.00005904, marking a 6.63% decline over the past month. Despite this, the token maintains a market cap of $325 million, demonstrating resilience in light of its volatile history. LUNC maintains a circulating supply of 5.5 trillion tokens out of a total of 6.49 trillion, with no fixed maximum supply.

Daily volume has shrunk significantly, dropping 44.4% in the past 24 hours to $7.25 million. This signals reduced investor activity and weaker short-term momentum. The volume-to-market cap ratio of 2.23% suggests cautious trading, with fewer large-scale buy-ins.

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Price Performance

Within the last 30 days, LUNC’s price swung between $0.00005824 and $0.00006339. The chart reveals repeated attempts to test resistance near $0.000062, only to face sell-offs that dragged the token lower. Short-lived rallies in mid-August provided optimism but quickly lost momentum, leaving the market in a state of consolidation around $0.000059.

_{One-month price chart. Source: CoinMarketCap}

LUNC’s all-time high of $119.18 (April 2022) feels like a distant memory after the collapse of the Terra ecosystem. Yet, compared to its all-time low of $0.00001675 (May 2022), the token still sits over 250% higher, proving that recovery, while fragile, has been possible. This highlights LUNC’s unique position as a speculative asset for risk-tolerant investors.

Investor Outlook

For traders, the narrow one-month range suggests a market awaiting fresh catalysts. Sentiment remains divided between holders who hope for revival through community-driven burns and sceptics who point to oversupply as a structural weakness. If volume fails to rebound, downward pressure could persist. Conversely, renewed burn activity or ecosystem upgrades may trigger bullish moves.

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The past month has shown Terra Classic’s struggle to gain traction amid low trading activity and resistance levels. While the token is far from its former glory, it has not collapsed to new lows, hinting at a determined community base. Going forward, sustained volume and clearer fundamentals will determine whether LUNC can break out of its stagnation or continue to hover near the $0.000059 zone.