⇘ Potential Recovery: Terra Coin Faces Market Shift Amid Crucial Upgrades and SEC Settlements

Terra Luna Classic (LUNC) has been experiencing notable market developments as it seeks clarity on its TFL CEO and eToro delisting. As the urgency to file crypto loss claims increases, Terra sets a recovery timeline to make its creditors whole. The community is making key decisions, with votes on crucial proposals and plans for critical upgrades that could extend a 42% rally for LUNC. However, it is not all smooth sailing as eToro delisting LUNC, resulting in community uproar. The Terra Classic price hit a low of $0.0001 on major exchanges, raising concerns about the viability of LUNC investments. Despite these concerns, key updates such as security package upgrades, removal of 18 billion LUNC from supply, and closing a settlement with SEC, have brought some positive news. The company is trying to rebuild its image, with Do Kwon reaching a settlement with SEC, leading to a 20% jump in LUNA price. Recent developments also involve adjustments in response to community feedback, including reductions in maximum block size to minimize P2P scams. Terra Luna Classic has seen a staking boom with over 1T LUNC staked. But after facing major setbacks and project losses, Terraform Labs, the company behind Luna and TerraUSD Stablecoin, has filed for bankruptcy. Moving forward, the community is closely watching the developments of Terra Luna Classic and the potential recovery of the LUNA price.

Terra Coin News Analytics from Thu, 26 Oct 2023 07:00:00 GMT to Thu, 25 Jul 2024 15:00:00 GMT - Rating -5 - Innovation -4 - Information 3 - Rumor -2