Terra Luna Classic (LUNC) has seen a significant decline in price, dropping over 10% in the past week and causing concern among investors. The decline has been driven by wallet drains, increased exchange transfers, and overall market instability. Large amounts of LUNC have been moving from private wallets to major exchanges, leading to speculation of potential sell-offs. The emergence of DeepSeek, an AI startup, has had a negative impact on global markets and spilled over into the crypto market, affecting LUNC and other assets. The transfers of LUNC have led to consolidation and increased staking activity, but there are concerns about unstaking and further sell-offs. However, there is potential for the Terra Classic ecosystem with an upcoming testnet launch. LUNC transactions are subject to a burn tax, leading some traders to consider other blockchains with lower taxes. Currently, LUNC is trading at $0.00007618, down 13% weekly and 32% for the month.



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