The Terra Classic price is $0.000270, a change of -11.42% over the past 24-hours as of "11.10.2022-4:56 a.m." The recent price action in Terra Classic left the tokens market capitalization at $1.86B. 24 Hour volume of Terra Classic is $508.97M
About Terra Classic(LUNC)
Luna classic (LUNC) is the native token of the original Terra blockchain, which was launched in 2018. At that time, the token’s name was LUNA. In the wake of the collapse of the blockchain’s algorithmic stablecoin, TerraUSD (UST), in May 2022, the community voted to create a new blockchain.
After the launch of “Terra 2,” the native token of the new network inherited the LUNA name, while the old blockchain’s token was rebranded to luna classic (LUNC).
The goal of Terra Labs, the firm that developed the coins, is that the protocols and applications of the former network will migrate to the new blockchain (Terra 2). But as of June 2022, the future utility of the original Terra blockchain is uncertain.