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Terra Luna Classic (LUNC) jumped nearly 100% today, after CoinDesk journalist Ian Allison showed up at Binance’s Dubai Blockchain Week wearing a t-shirt bearing the vintage Terra Luna logo while holding talks with executives from Mastercard, Ripple and TON.
The image spread on X and Telegram within hours, sparking discussions that the moment felt like a nostalgic revival of one of the most popular altcoins.
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Is the Terra Luna coin back? not enough
Merchants have already moved to LUNC before the planned network upgrade Powered by Binance.
The stock exchange confirmed that it would be discontinued Deposits and withdrawals During the update, citing strong operational support from the world’s largest trading platform.
This announcement prompted the volume to increase dramatically, paving the way for a rapid speculative flow.
Code burners said To lower Supply has been strong lately, including hundreds of millions of LUNCs being removed from circulation in the past week. Community messaging reinforced this angle, reviving the idea of a supply drop.
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This narrative resurfaced at the same time Allison’s shirt went viral, reinforcing the sense of a concerted cultural comeback.
The double coven effect
This increase also coincides with a renewed interest in ongoing governance procedures for Two covens In the United States. Traders see developments towards… Legal conclusion As a potential reset point, allowing LUNC to trade as a vintage meme asset rather than a distressed one.
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As volume increased and physical markets tightened, the narrative quickly gained momentum.
Because the T-shirt’s moment in the spotlight resonated so much
Again Earth collapses One of the most dramatic events in the world of digital currencies, since it wiped billions of market value in 2022 and caused regulatory campaigns around the world. Many in the industry still associate the logo with that moment – a symbol of overreach, elevation and systemic failure.
Seeing design once again on the main stage alongside established institutions added an unexpected emotional layer to the growth. It represents a strange return and also an emotional provocation.
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The ghosts of Terra are still there
The collapse of the stablecoin algorithm Terra three years ago caused a contagion that spread to lending platforms, hedge funds, and later to exchanges. Leaving millions of investors in a bad position, paying The biggest cryptocurrency winter yet.
Today’s rise simply shows that memory, speculation and stories still carry weight in the world of cryptocurrencies – sometimes more than fundamentals.
With LUNC growing, seeing that jersey on the market reminded us how quickly sentiment can change, even for a project that was previously considered a redeemable one.
