Terra Luna Classic (LUNC), the cryptocurrency that lost nearly all of its value two years ago, is making a comeback. The coin has passed a significant
community proposal and eyes a breakout following a burn of 320 million tokens. Despite a tumultuous history marked by a $4.5 billion
SEC fraud settlement, the future looks cautiously optimistic, aided by the bankruptcy of Terraform Labs and the subsequent community takeover. However, there is speculation regarding a major price rally due to a $60 million AVAX buyback, combined with the impressive strides on a significant
Tax2Gas upgrade. Binance's support for Terra Classic upgrade coupled with the completion of key changes to the upgrade gives more substance to this rumor.
Do Kwon, the controversial founder of Terraform Labs, has just been released in
Montenegro, but not after suffering some legal ramifications, including a
fraud case handled by the SEC. Yet, Terra Coin continues to make surprising moves, with actions to 'repeg' USTC, its native stablecoin, and a record-making burn of LUNC tokens. Significant changes in the LUNC governance module may precipitate a price revival to $1. Meanwhile, experts are divided over Terra Luna Classic's potential future trajectory, considering its rocky history and ongoing legal dilemmas.
Terra Coin News Analytics from Thu, 28 Dec 2023 08:00:00 GMT to Tue, 29 Oct 2024 19:27:21 GMT -
Rating 8
- Innovation 9
- Information 7
- Rumor 8
