Terra Luna Classic (LUNC)
Terra Luna Classic ranks #46 of 484 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #153: 107 of the 152 assets ahead of it are not native coins but tokens or claims. A token is issued on a host blockchain rather than running its own; a claim stands for an asset already counted. Of the 151 non-native assets CoinSpectrum lists above it by market cap, about 56% are claims on other assets, 37% are tokens, 7% are memecoins and 1% are NFT collections.
| CoinSpectrum Grade | A · 64/100 · provisional, B to A |
|---|---|
| Rank among cryptocurrencies | #46 |
| Rank counting claims | #153 |
| Market capitalisation | $215M |
| Price | $0.0000389 |
| Circulating supply | 5,521,490,715,389 LUNC |
| Maximum supply | no fixed cap |
| Consensus family | Proof of Stake |
| Consensus mechanism | Tendermint (CometBFT) |
| Network purpose | Smart-contract platform |
| Ledger type | Multi-asset ledger |
| Launch distribution | Presale |
| Regulatory class | Security |
Market figures from the 10 November 2026 build. Open the live view for every exchange's price, and charts.
CoinSpectrum Grade (Source)
A — 64 out of 100, provisional (from 10 of 10 sections, 10 November 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 60 to 66 (B to A).
| Section and criteria | Score | Basis |
|---|---|---|
| Consensus | 9.1 | average of 2 criteria |
| By leader (its largest chain's market cap) (Source) | 9.1 | Proof of stake: 9.1 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| By family (all its chains' market cap) (Source) | 9.1 | Proof of stake: 9.1 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Supply | 2 | the supply scale times 0.9, and a point for a fixed cap that holds |
| Supply (21 million scores 10) | 2.2 | no fixed maximum; 5.52 trillion in circulation |
| Distribution | 6.7 | average of 3 parts |
| Holder concentration (Source) | – | Not yet measured |
| Active addresses | – | Not yet measured |
| Premine (allocated at launch) | 0 | 100% of today's supply allocated at launch to founders, a company, a foundation or investors. Measured against the supply before the May 2022 collapse: the original 1B LUNA were allocated at genesis; the hyperinflation that followed diluted, but did not distribute, them. source |
| Fundraising (share sold) (Source) | 10 | Sold by its issuer or insiders: 0% of supply sold. Terraform Labs sold LUNA from the 1B genesis supply: the 2018 private sales (~$32M, often at 40%+ discounts), the July 2021 $150M ecosystem-fund sale, and LFG's Feb 2022 $1B LUNA sale to Jump/Three Arrows. Units for each are not fully disclosed, but even all 1B genesis LUNA against today's ~6.45T LUNC total supply (May-Jul 2026) is 0.02%, so the share rounds to 0.0. On the pre-collapse 1B basis used for preminePct, the 2018 backer allocation alone was about 26%. Terraform Labs raised $32M in 2018 by selling LUNA to investors (per the SEC complaint; exchanges such as Binance, Huobi, OKEx reported as backers), with discounted purchase agreements; a further $150M ecosystem-fund LUNA sale in July 2021 (Arrington XRP Capital, Pantera, Galaxy Digital, BlockTower). source |
| Developer share (after launch) | 10 | No developer share: every new coin goes to the miners or validators who produce blocks. Terra Classic's x/mint inflation is 0 (min = max = 0); new LUNA arises only from market-module swaps, which go to the swapper. The 50% community_tax applies to fees and the burn tax, not issuance. Before May 2022, part of swap seigniorage was re-minted to oracle rewards and the community pool; that was not quantified but is negligible against today's multi-trillion supply. source |
| Decentralisation | 5.4 | average of 4 parts |
| Governance (Source) | 0 | An authority can halt the chain or freeze funds: Validators halted the chain twice in May 2022 during the UST collapse, at Terraform Labs' request. source |
| No central team (Source) | 10 | No central team: Since Terraform Labs left the chain in 2022, the classic core has been maintained by community developer groups funded through community-pool proposals. source |
| Who can mint (Source) | 5 | Gated by stake rank: only a capped set of the largest stakes produces blocks |
| Nodes (Source) | 6.5 | 90 active validators or block producers (source: terra-classic-lcd.publicnode.com) |
| Security | 7 | 5.6 of 8 points source |
| Pool diversity (Largest pool 50% 0 to 20% 10, largest three 90% 0 to 50% 10; 2 points) | 10 | largest 9.73%, largest three 23.97% |
| Network activity (Transactions a day, 250 0, 500,000 or more 10; 2 points) | 3.8 | about 4,432 transactions a day |
| Hashrate (Own work 5, its power 1 kW 0 to 10 GW 5; 1 point) | 1 | not mined: another consensus, 1 |
| Clients (Separate code and teams 10, separate code or teams 9, a fork by the same team or a stale second 8; one client: a new version within 12 months 7, 24 months 6, none in 24 months 5, none in 48 months 3; a second in development +0.5, a second seen running +1, 8 at most with one client; chain ended 0; 1 point) | 7 | one client, latest version Oct 2026 |
| Open source (Node software) | ✓ | |
| No 51% attack (Nor a deep reorganisation, five years) | ✓ | |
| Scalability | 7.1 | average of 5 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $0.00013 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 121, the median of the ten busiest, 5) | 5.9 | about 211 simple transactions a second |
| Block time (10 minutes 10, less either side) | 2.8 | a block every 5.92 seconds |
| Block space per 10 minutes (24 MB or more 10: the ten busiest networks' median demand, 16.4 MB, and half again for growth) | 10 | 2 MB limit, 203 MB per 10 minutes |
| Features (3 checks) | 6.7 | 2 of 3 passed |
| Fast payments (Safe to accept within seconds · Whitepaper abstract, §1, §2 and §11) | ✗ | CometBFT single-block finality, but blocks average about 5.9 s. |
| Pruned nodes (Old history dropped, every rule checked · Whitepaper §7) | ✓ | Cosmos SDK pruning strategies plus min-retain-blocks. |
| Light clients (Payments verified from headers · Whitepaper §8) | ✓ | CometBFT light client verifies headers from validator signatures. |
| Privacy | 3.5 | 3.5 of 10: whitepaper privacy 3.5 of 7, extra features 0 of 3, 1 not yet researched source |
| Protocol level privacy (Keys not tied to an identity · Whitepaper §10) | 10 | Any key can hold and send LUNC; the Cosmos SDK bank and auth modules carry no identity check. |
| UTXO ledger (Separate outputs, change to a new address · Whitepaper §2, §9) | 0 | An account ledger: one running balance for each address, so the remainder stays at the sending address and its payments share one public history. |
| HD addresses (A new address for each payment, unlinked · Whitepaper §10) | – | |
| Hidden amounts (Amounts confidential) | 0 | No confidential transactions. |
| Hidden parties (Sender and receiver hidden) | 0 | No sender or receiver hiding. |
| Network privacy (Origin hidden by default) | 0 | CometBFT mempool gossip relays transactions directly. |
| Programmability | 10 | 9 of 9 points source |
| Token issuance (At protocol level) | 2 | CW-20 contracts on CosmWasm: any account can instantiate token contracts from code already on chain (instantiate permission Everybody), though uploading new code now needs governance (code_upload_access Nobody). |
| Smart contracts (General-purpose) | 2 | CosmWasm with instantiation open to everybody from over 11,000 stored code IDs; uploading new code needs governance (code_upload_access Nobody). |
| Multisig and time locks (Without a third party) | ✓ | Native Cosmos SDK multisig accounts plus time-locked CosmWasm contracts. |
| Atomic swaps (With other chains) | ✓ | CosmWasm contracts can hold funds against a hash preimage with a timeout refund (HTLC), if instantiated from stored code. |
| Native DEX (Trades the coin itself, not a claim) | ✓ | Traded as itself, not as a wrapped token or a claim: its own chain's DEXes (Terra Classic, DefiLlama). |
| Cross-chain messaging (Verified by the chain itself) | ✓ | IBC (ibc-go v10) light-client channels. |
| NFTs (Carried by the chain's rules) | ✓ | CW-721 contracts on CosmWasm. |
| Demand | 5.9 | average of 7 measures |
| Exchanges (10 or more: 10) | 10 | 33 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 4.4 | $1,344,489 traded in 24 hours; #496 by volume on the exchanges the site reads (scored on the median day of the last 30, $1,580,331) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 5.2 | 0.63% of its market cap a day, median of the last 30 days |
| Order-book depth (±2% of the price ÷ market cap, 1%: 10) | 7.5 | $376,511 within 2% of the price on 6 exchanges, 0.18% of its market cap, median of the last 15 days |
| Market cap ($1M 0, $10B or more 10) | 5.8 | $215M, 5.8 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | 7.3 | futures, options and margin positions 7.3% of its market cap |
| Wallet support (wallets that hold it, 10 or more: 10) | 1 | its own node and wallet, counted as 1: no wallet in the site's directory lists it yet |
| Record | 7 | average of 3 criteria |
| Age (years since genesis) (Source) | 7 | 7 full years since 2019-07-26, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, fixes, vulnerabilities) | 6 | 1 positive, 0 negative, 3 not yet researched source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 92 commits in 11 of the last 12 months (github.com/classic-terra/core); classic-terra/core v4.1.1, released 2026-10-12. |
| Not yet researched | ||
| Shipped a security fix in two years | – | |
| Shipped a scaling upgrade in two years | – | |
| Shipped a new capability for users in two years | – | |
| Conduct (origin, claims, halts) | 8 | 1 positive, 3 negative source |
| Positive record | ||
| Launched with a stated purpose, not as a joke | ✓ | |
| Negative record | ||
| Claims by its founders or lead company that contradict its own design | ✗ | In SEC v. Terraform Labs the jury (5 Apr 2024) found Terraform and Do Kwon liable for fraud, including misleading investors that the Chai payments app ran on the Terra blockchain and that UST's 2021 re-peg came from the algorithm rather than a secret Jump Trading intervention; Kwon admitted the latter in his Aug 2025 guilty plea. lit-wc.aoshearman.com cointelegraph.com bankingdive.com |
| Halt, freeze or reversal, 2022-05-12 | ✗ | Validators halted the chain at block 7,603,700 for about 2 hours during the UST/LUNA collapse to prevent governance attacks. theblock.co forkast.news |
| Halt, freeze or reversal, 2022-05-12 | ✗ | A second validator-coordinated halt at block 7,607,789 (just after 03:00 UTC on 13 May) lasted about eight and a half hours; on restart validators disabled on-chain swaps and closed IBC, delegations having been disabled at the first restart. coindesk.com theblock.co |
Ten sections, weighted equally, each 0 to 10: consensus (the two ladders), supply (the supply scale and a fixed cap that holds), distribution (premine, fundraising, developer share, holders), decentralisation (governance, no central team, who can mint, nodes), security, scalability, privacy, programmability (what the scripting layer can do beyond the whitepaper's payment system), demand, and record (age, development, conduct). They are built from the criteria in the second table: privacy, scalability, security and decentralisation are the Cryptocurrency Standards among them, as follows: privacy (the whitepaper's three checks a base of 7 of 10, three extra features up to 3 more), scalability (four measures and three features), security (pool diversity, network activity, hashrate, clients and two checks) and decentralisation (governance, no central team, who can mint, nodes, holders, premine, fundraising and developer share); programmability (token issuance, smart contracts and five checks) follows them, and supply and demand are two: the supply, scored against 21 million, and demand, the average of seven measures of the market and the wallets. Provisional: parts marked — are not yet measured and are left out of the average. A rating of structure and market depth, not a price forecast or investment advice. How the grade is built · Highest-graded cryptocurrencies.
Proof of Stake coins
Ethereum ETHA+
BNB BNBA
Solana SOLA+
Tezos XTZA+
Plasma XPLA
Kaia KAIAA
THORChain RUNEBAll Proof of Stake chains →Proof of Work coins
Bitcoin BTCA+
Zcash ZECA+
Dogecoin DOGEA+
Monero XMRA+
Bitcoin Cash BCHA++
Litecoin LTCA+
Ethereum Classic ETCAAll Proof of Work chains →Supply
5,521,490,715,389 LUNC are in circulation, against no fixed cap — issuance has no defined end.
Launch and allocation
| Premine (allocated at launch) | 100% of today's supply |
|---|---|
| Sold by the issuer or insiders | 0% of today's supply |
| Developer share received since launch | 0% of today's supply |
| Developer share of new coins today | 0% |
| Nodes or validators | 90 |
| Fundraising | Private or venture funding |
Measured against the supply before the May 2022 collapse: the original 1B LUNA were allocated at genesis; the hyperinflation that followed diluted, but did not distribute, them.
Terraform Labs raised $32M in 2018 by selling LUNA to investors (per the SEC complaint; exchanges such as Binance, Huobi, OKEx reported as backers), with discounted purchase agreements; a further $150M ecosystem-fund LUNA sale in July 2021 (Arrington XRP Capital, Pantera, Galaxy Digital, BlockTower).
Terraform Labs sold LUNA from the 1B genesis supply: the 2018 private sales (~$32M, often at 40%+ discounts), the July 2021 $150M ecosystem-fund sale, and LFG's Feb 2022 $1B LUNA sale to Jump/Three Arrows. Units for each are not fully disclosed, but even all 1B genesis LUNA against today's ~6.45T LUNC total supply (May-Jul 2026) is 0.02%, so the share rounds to 0.0. On the pre-collapse 1B basis used for preminePct, the 2018 backer allocation alone was about 26%.
Terra Classic's x/mint inflation is 0 (min = max = 0); new LUNA arises only from market-module swaps, which go to the swapper. The 50% community_tax applies to fees and the burn tax, not issuance. Before May 2022, part of swap seigniorage was re-minted to oracle rewards and the community pool; that was not quantified but is negligible against today's multi-trillion supply.
Sources: nysd.uscourts.gov · sec.gov · dev.to · rest.cosmos.directory · rest.cosmos.directory · hackernoon.com. Researched 2026-10-24, medium confidence.
What a regulator has said
Held a security (an investment contract) in SEC v. Terraform Labs, S.D.N.Y.: summary judgment of 28 December 2023, final judgment entered June 2024. The judgment covers the original LUNA, renamed LUNC (Terra Classic) in May 2022, and rejected splitting exchange buyers from direct ones.
The regulator's position, reported as stated, not CoinSpectrum's. Assets nobody has ruled on are left unclassified rather than sorted by a guess.
How CoinSpectrum ranks Terra Luna Classic
Terra Luna Classic is #46 among cryptocurrencies and #153 in the market ranking, which lists wrapped coins, staked derivatives, stablecoins and tokens alongside them. CoinSpectrum counts an asset once, and counts only cryptocurrencies: assets with their own blockchain and their own consensus. A wrapped coin, a staked derivative or a stablecoin is a claim on something already counted; a token, memecoin or otherwise, runs on another chain's blocks. All of them are listed, each in its own section, and none is added to the total. The 107 places between Terra Luna Classic's two ranks are held by claims and tokens, not by other networks. The methodology sets out the rule and the counting rule argues for it.
The price above is the median of the exchanges the site reads live, checked every minute and cross-checked against a market snapshot (how market data is gathered). The grade is scored on published criteria, each with its source (the method). The site is independent, nothing on it is a paid placement, and its statements are signed (about CoinSpectrum, the manifesto).
See the 1 wrapped and staked claim on Terra Luna Classic →