Terra Luna Classic (LUNC) Volume Drops 50%, Crash Coming?

Terra Luna Classic (LUNC) crash

✍️ 3 September, 2022 - 17:29 👤 Editor: Jakub Motyka

Not everything was going to be good news about Terra Luna Classic (LUNC). In the last 24 hours, the volume of this cryptocurrency has fallen by 49.48%, which shows that the interest for the new altcoin of the failed LUNA project is beginning to lose strength.

Currently the volume of the LUNA crypto, Terra Luna Classic (LUNC), has reached in the last 24 hours the figure of 709 million dollars. This represents a significant drop compared to the figures of more than 1.6 billion dollars that until a day ago moved this altcoin in the market.

Volume Of The Crypto Terra Luna Classic (LUNC) Falls By Almost 50% In The Last Hours

After reaching a maximum price of $0.0003402, the LUNC cryptocurrency of Terra Luna Classic has started to decline in its price during the last days. At the moment it registers a price of $0.0002542, but it is also that it accumulates a fall of almost 50% in the volume of trade in the last 24 hours that can interpreted as a danger signal.

Market volume Luna Terra Classic (LUNC)
On this Terra Classic/USD chart you can see that the volume of the LUNC cryptocurrency has started to drop in the last 24 hours.

As an example, just look at the volume of the Terra Classic LUNC cryptocurrency to realize that there has been a significant drop in recent days:

  • Volume of LUNC on September 1: maximum of 1.98 billion dollars.
  • LUNC volume on September 2: 1.34 billion dollars.
  • LUNC volume today, September 3rd: 709 million dollars.

An Analyst Sees It Impossible For The Price Of Terra Luna Classic (LUNC) To Reach 1 Dollar

The drop in volume of the new LUNA cryptocurrency comes shortly after the LUNC future price forecast received a bucket of cold water with the statements of Michaël van de Poppe, an analyst who ensures that this token will never be seen worth 1 dollar.

Today we also learned of the approval of a new airdrop for LUNA, which will benefit those users who were left without their token income in the previous cycle. This approval has come about thanks to the votes of the community, which has absolute power over the decisions that concern the future of the cryptocurrency.

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Juan Pais

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