🌕 $LUNA & $LUNC : The Story Through the Years
2018: Terraform Labs was founded by Do Kwon and Daniel Shin, with a vision for Terra’s decentralized payment ecosystem.
2019: Terra launched its mainnet, with LUNA supporting the UST stablecoin system.
2020: Terra quietly expanded its DeFi ecosystem while LUNA remained relatively low-priced.
2021: Terra entered a massive bull run. UST adoption and Anchor Protocol helped drive LUNA from below $1 to above $100.
2022: LUNA reached an ATH of $119.55 in April. In May, UST lost its peg, triggering a catastrophic collapse. LUNA’s supply exploded and its value plunged by more than 99.99%.
2022 — After the crash: A new Terra chain launched with LUNA, while the original chain became Terra Classic (LUNC).
2023: The collapse entered a major legal chapter as Do Kwon was arrested in Montenegro.
2024: Terraform Labs filed for Chapter 11 bankruptcy in the United States.
2025–2026: The Terra ecosystem remained divided between LUNA and LUNC, with both trading far below their former highs.
From a crypto success story to a historic collapse, LUNA and LUNC remain one of the most dramatic chapters in cryptocurrency history.
2018: Terraform Labs was founded by Do Kwon and Daniel Shin, with a vision for Terra’s decentralized payment ecosystem.
2019: Terra launched its mainnet, with LUNA supporting the UST stablecoin system.
2020: Terra quietly expanded its DeFi ecosystem while LUNA remained relatively low-priced.
2021: Terra entered a massive bull run. UST adoption and Anchor Protocol helped drive LUNA from below $1 to above $100.
2022: LUNA reached an ATH of $119.55 in April. In May, UST lost its peg, triggering a catastrophic collapse. LUNA’s supply exploded and its value plunged by more than 99.99%.
2022 — After the crash: A new Terra chain launched with LUNA, while the original chain became Terra Classic (LUNC).
2023: The collapse entered a major legal chapter as Do Kwon was arrested in Montenegro.
2024: Terraform Labs filed for Chapter 11 bankruptcy in the United States.
2025–2026: The Terra ecosystem remained divided between LUNA and LUNC, with both trading far below their former highs.
From a crypto success story to a historic collapse, LUNA and LUNC remain one of the most dramatic chapters in cryptocurrency history.