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NFTs and the Revival of LUNC

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In 2022, the Terra Luna ecosystem collapsed in a spectacular fashion. The community-driven revival of this system, Terra Classic, has since been focusing on burning its native token, LUNC, to reduce supply and potentially drive prices upwards. While the upward momentum hasn’t quite materialized as expected, new developments such as the introduction of Non-Fungible Tokens (NFTs) could pave the way for a more promising future.

MIATA and MetaGloria: Leading NFT Initiatives on Terra Classic

The launch of MIATA, a new NFT marketplace on the Terra Luna Classic Chain, is expected to add to the fierce rivalry for supremacy in NFTs. The marketplace is set to host 2,000 MetaGloria digital collectables, allowing users to buy and sell these unique items on the platform.

The MetaGloria project, led by a group of developers from Ukraine and cryptocurrency gaming enthusiasts, is a play-to-earn game set to debut on the Terra Classic Network in early 2023. Two sets of NFTs, each totalling around 3,000, will be printed for the game. The project aims to increase the number of gamers entering the cryptocurrency market while also decreasing the quantity of Terra Luna Classic tokens in circulation. In line with the latter objective, users can burn the LUNC token by exchanging it for the in-game GLS token.

More Projects in the Pipeline

Other initiatives like LUNCPenguins NFT collections are also poised to launch on MIATA, marking another significant turning point in the network’s mission to ensure utility by developing alternate ways to burn LUNC. The 1,000 unique LUNCPenguins have a minting price of 200,000 LUNC or around $34 at the current rate.

The NFT-LUNC Burn Connection

Cremation Coin, a protocol built for burning cryptos with significant supply numbers, is considering an NFT collection called “Bad Abstract Art that Burns LUNC” or BAABL. If the project goes through, half of the NFT selling price would be used to burn LUNC. As of writing, 53.08 billion LUNC has been burnt since May 18, 2022, with 1.8 billion LUNC burned today, leaving 5.89 trillion tokens in circulation. This NFT development could potentially accelerate the burning process, influencing LUNC’s price action.

A Word of Caution

While these developments paint an optimistic picture, LUNC bulls should closely monitor the token’s crucial support at $0.00012. The token has not made any upward price actions in the past few months, and a breakthrough in this support could lead to a more significant downside in the long term. LUNC’s market has been dominated by bears, with short sellers outnumbering long buyers in all major exchanges. Consequently, the general market movement will also affect the token’s price movement, making it imperative to monitor the token’s correlation with major cryptos for better decision-making.

All eyes are on the Terra Classic network and its NFT initiatives as investors and crypto enthusiasts alike anticipate a possible resurgence in LUNC’s value, aided by innovative projects and a focus on burning tokens. Time will tell if these efforts will be enough to revive the LUNC token and bring Terra Classic back to its former glory.

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Elon Musk’s X Platform Teases Crypto-Aware ‘Smart Cashtags’ in Push Toward ‘Everything App’

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London, January 13, 2026 — Elon Musk’s X (formerly Twitter) has unveiled plans for a groundbreaking feature called “Smart Cashtags”, set to transform how users interact with financial tickers directly in their feeds. Announced on January 11, 2026, by X’s Head of Product Nikita Bier, the tool will allow users to tag specific assets — including cryptocurrencies, stocks, and even smart contracts — when posting tickers like $BTC, $SOL, or $NVDA. Tapping a Smart Cashtag will instantly display real-time prices, performance charts, price changes, and aggregated mentions of that asset across the platform.

The feature builds on X’s existing cashtag system (introduced years ago for basic price displays) but adds precision and depth, particularly for the crypto market where ticker symbols often overlap or refer to multiple tokens/contracts. Bier emphasized that the backend API will pull near real-time data for on-chain assets, including newly minted tokens on networks like Solana, reducing ambiguity and enabling faster, more informed discussions.

This rollout comes amid X’s evolution into Musk’s long-promised “everything app” — a unified platform blending social media, payments (via X Money), and now real-time financial tools. Mockups shared by Bier show an auto-complete search for assets, live market caps, detailed pages with charts, and even teaser elements like buy/sell prompts — sparking widespread speculation about future in-app trading integration (though not yet confirmed). The Solana ecosystem has already embraced the news, with the official @solana account highlighting support for posting and tracking Solana-based tokens directly on X.

Potential Impact on Crypto Adoption and Market Dynamics

With X boasting hundreds of millions of active users (estimates around 500–600 million), Smart Cashtags could significantly boost crypto awareness and retail participation. Everyday conversations about trending assets — from Bitcoin’s stability around $90,000–$92,000 to privacy coins like Monero (recently hitting all-time highs) — will now include live data, turning timelines into dynamic market dashboards. This seamless integration could drive sentiment-driven trading, accelerate discovery of emerging tokens, and funnel more users toward on-chain activity without leaving the app.

Musk’s pro-crypto history — including repeated Dogecoin endorsements and hints at broader digital asset support — adds weight to the move. The feature arrives just after community backlash over perceived suppression of organic crypto content and bot spam, with Bier framing Smart Cashtags as a way to enhance clarity and utility for traders.

Lingering Concerns and Regulatory Horizon

While the tool promises enhanced engagement without altering core algorithms (Musk has pledged to open-source recommendation code for transparency), critics warn of risks: amplified misinformation, pump-and-dump schemes in volatile crypto discussions, and potential for coordinated hype around meme coins or low-cap tokens. As X collects user feedback ahead of a February 2026 public launch, questions remain about moderation, data accuracy, and whether trading buttons will redirect to external brokers or evolve into native execution.

If successful, Smart Cashtags could position X as a serious rival to dedicated crypto platforms and exchanges, blending social discovery with financial infrastructure in a way few apps have achieved. In a market hungry for accessible tools, this update reinforces Musk’s vision — and could accelerate mainstream crypto adoption in 2026.

Disclaimer

The content on CoinReporter.io is for informational purposes only and is not financial or investment advice. Cryptocurrency investments are highly volatile and risky. Always conduct your own research and consult a qualified financial advisor before making investment decisions. CoinReporter.io and its authors are not liable for any losses resulting from actions based on this website’s content.

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