Terra Coin, dubbed LUNA, has had a rocky period marked by a major lawsuit, the collapse of stablecoins, and unsteadiness in price. Infamous for a $40 billion fraud case,
Do Kwon, the 'cryptocrash' boss, faced extradition to the US from Montenegro and was found liable in a SEC case. Furthermore,
Terraform Labs agreed to pay $4.5B in a civil fraud case and the SEC positioned for a hefty fine of $5.3B. Despite this tumult, there is still interest in the future of
Terra Luna, with some speculation LUNA 2.0 could hit $1 in 2025. Reports indicate
Terraform Labs intends to end operations with the Terra community taking over, and it has set a deadline for Terra Classic users. This, coupled with a Tax2Gas Upgrade, could perhaps push LUNA Classic price up. Meanwhile, the Terra Blockchain experienced a halt in operations due to an exploit, causing a decline in the ASTRO token value. Amidst these crises, plans are underway to restore value to the
Terra coin including the largest LUNC burn in history. Despite these potential positive signals, one must cautiously consider how the crypto firm's bankruptcy filing in US could affect the market.
Terra Coin News Analytics from Tue, 21 Dec 2021 12:53:44 GMT to Tue, 31 Dec 2024 21:11:00 GMT -
Rating -8
- Innovation 2
- Information 8
- Rumor 4
