Introduction
Terra Classic (LUNC), the original blockchain protocol following the 2022 Terra ecosystem collapse, continues to evolve through its dedicated community and ongoing development efforts to restore value and utility. As of June 23, 2025, several key updates in market performance, community initiatives, and governance efforts are shaping its trajectory. This article explores the latest news and developments for Terra Classic today.
Market Performance
Terra Classic (LUNC) has experienced a challenging week, trading 9.2% lower against the US dollar in the 24-hour period ending at 10:00 AM Eastern on June 22, 2025. Over the past seven days, LUNC has declined by 13.8%, reflecting broader market volatility. The cryptocurrency currently has a market capitalization of $283.19 million, with approximately $15 million worth of LUNC traded on exchanges in the last day. The price per LUNC coin hovers around $0.0000518, significantly below its earlier June high of $0.0001.
Despite the bearish momentum, technical analysts suggest LUNC is approaching a critical juncture. The token is trading within a triangle pattern, with potential for either a bullish breakout toward $0.00009853 (a 62% increase) or a bearish breakdown if support levels fail. Investors remain cautious, with the Relative Strength Index (RSI) below 50 and the Moving Average Convergence Divergence (MACD) signaling ongoing bearish pressure.
Community and Governance Updates
The Terra Classic community remains active, driving initiatives to rebuild trust and enhance the ecosystem. Following the InterChain Summit in Berlin, Germany, on June 20-21, 2025, community members highlighted significant representation and discussions around major projects like Juris, Selenium, and LuncVerse. These projects aim to expand the utility of Terra Classic within the Cosmos ecosystem, fostering interoperability and decentralized applications. Posts on X emphasized the summit’s role in showcasing Terra Classic’s ongoing relevance.
Additionally, recent governance efforts have focused on improving ecosystem liquidity and stability. In May 2025, the community passed two key proposals (#12179 and #12180) to bolster platforms like Terraport and Terraswap, signaling renewed momentum. A new U.S. law discussed on X could potentially impact Terra Classic’s stablecoin, USTC, by providing regulatory clarity, though details remain speculative and inconclusive.
Token Burn Initiatives
Token burning continues to be a cornerstone of Terra Classic’s strategy to reduce its circulating supply and potentially increase value. As of June 20, 2025, the community has burned 411.17 billion LUNC tokens, with 383 million burned in the week prior. Binance, a major supporter, executed its fifth burn of the month, sending 24,853 LUNC tokens to a burn address on June 19. This burn contributed to a monthly total of 498.6 million tokens removed, representing 17.8% of the community’s total burns.
The total circulating supply now stands at approximately 5.47 trillion LUNC, down from 6.49 trillion earlier in 2025. While burns have not yet translated to significant price appreciation due to the large remaining supply, the community views these efforts as critical for long-term viability. The Luna Foundation Guard also burned 211 million LUNC and 1.7 billion TerraClassic USD (USTC) tokens in early April, further supporting deflationary measures.
Infrastructure and Adoption
Terra Classic’s infrastructure saw notable advancements in May 2025, with the launch of a fully synchronized archive node providing complete blockchain data access from September 2021 to May 2025. This node enhances transparency and supports developers building on the network. Additionally, TradingView’s decision to update its Terra Classic links to https://terra-classic.money in early June 2025 has boosted visibility among traders and analysts, reinforcing the community’s efforts to establish a centralized resource hub.
The official website, terra-classic.money, launched on May 27, 2025, marks a significant milestone in community coordination. Described as proof of Terra Classic’s ability to “organize, coordinate, and execute,” the website consolidates information on apps and ecosystem developments. CoinGecko’s integration of a new Terra Classic DeFi site further underscores the network’s push toward decentralization and broader adoption.
Challenges and Outlook
Despite these efforts, Terra Classic faces significant challenges. The drastic reduction in the oracle pool from 115 billion to 69 billion tokens over the past year has raised concerns about ecosystem stability, prompting calls for interventions to restore confidence. The network’s history, particularly the 2022 UST collapse, continues to weigh on investor sentiment, with a market cap of $283.19 million paling in comparison to its pre-crash peak of over $40 billion.
Analysts predict LUNC’s price will remain volatile, with a maximum projected value of $0.00006084 by the end of 2025, far from the $1 mark due to the massive circulating supply. However, community-driven initiatives, such as token-weighted voting rewards introduced in June 2025, aim to incentivize staking and governance participation, potentially reigniting interest.
Conclusion
On June 23, 2025, Terra Classic is at a pivotal moment. While market performance reflects short-term bearish trends, the community’s commitment to token burns, governance, and infrastructure improvements signals a long-term vision for recovery. The InterChain Summit’s success and growing visibility on platforms like TradingView and CoinGecko highlight Terra Classic’s resilience. For investors and enthusiasts, staying informed on governance proposals and burn milestones will be crucial as LUNC navigates its path forward.
For the latest updates, visit terra-classic.money