Terra Luna Classic (LUNC) is a cryptocurrency that's been at the center of various market developments. A significant rise in LUNC price was observed following a
TerraForm Labs-led LUNC token burn, boosting market confidence. However, bearish trends plagued LUNC after Terra hit 400b milestone and even more so after it almost
bankrupted due to a crypto collapse led by
Do Kwon, Terra founder. Kwon faced charges for his role in the $40 billion stablecoin collapse. A series of trials, deliberations, and proposed settlements mounted to almost $4.5B. Despite the gravity of this, the
Terra Luna community remained resilient approving token burns and implementing strategic burns via Tax2Gas to create an opportunity for recovery. There are ongoing hopes and predictions for LUNC prices to reach $1, which some see as feasible while others deem far-fetched. Recent upgrade completions and staking booms shift LUNC dynamics favorably. Despite facing delisting from platforms like eToro and losing BtcTurk due to hacks, Coinbase is considering relisting LUNC. Some detractors label Terra Classic as a 'memecoin', despite LUNC community rebuilding efforts.
Terra Coin News Analytics from Tue, 21 Dec 2021 12:53:44 GMT to Wed, 05 Feb 2025 18:15:00 GMT -
Rating 2
- Innovation 8
- Information 6
- Rumor 5
