Speaking of $LUNC , this thing is really magical in its current state.

Let's talk about that disaster first - there was a fatal logic loophole buried in the code, and the total amount of tokens exploded from hundreds of millions to 6.5 trillion. In our technical terms, it's like an array that crosses the boundary without doing boundary checking, and the entire mempool is blown up. What is the community doing every day now? Manually clean up this pile of "junk data". They set up a combustion mechanism, relying on transaction taxes and the cooperation of a leading exchange, trying to burn off this astronomical supply little by little. It sounds beautiful, but you have to know the efficiency - almost like scooping out the Pacific Ocean with a dropper.

What's even more interesting is that the team ran away. The original crew is now busy tinkering with the new LUNA, leaving LUNC to become a complete community project. This scene is very much like an officially abandoned open source framework, where a group of die-hard fans say "it's okay we maintain it ourselves". The ideal is full, but the reality is that governance proposals are often argued into a pot of porridge, and technological iterations cannot be pushed.

There is also a historical problem - the algorithmic stablecoin UST (now called USTC) that caused the crash is like an undeleted abandoned code, still hanging in the system. The community discusses whether to "restore the hook" every now and then, but to be honest, this is no different from rerunning a script that has been blown up online.

So what is LUNC now? The technical value is basically gone, and what remains is pure faith recharge and game games. People who buy it don't care about how much TPS or how strong the ecology is, they bet on the possibility that "if it really burns 99% of the supply".

If you're following this coin, remember one thing: don't think of it as a serious technical project. It's more like a decentralized table. For those of us who write code, LUNC is a negative textbook - remind you that in the financial system, if it collapses, it collapses, and there is no Ctrl+Z.