Terra Classic (LUNC), also known as
LUNA 1.0, has experienced a fluctuating supply series until the year 2025. Crypto exchange
Binance supports
Terra Luna Classic's upgrade, hinting at a potential price rise for
LUNC. However, fear levels in the crypto market are high, reaching
Celsius,
Terra, and
3AC collapse levels. Despite this, predictions suggest that LUNC's price could undergo a significant increase as its burn rate escalates.
Do Kwon, the creator of Terra and Luna, is being extradited to the U.S following the $123 million settlement with the SEC. In the midst of this,
Terra Luna Classic's price dropped despite a substantial LUNC burn of 1.6 billion. An upgrade awaited Terra Luna Classic called the
Tax2Gas upgrade, which might help LUNC reach $1 again. However, the coin's journey over the years was tainted by various allegations, including a $123 million settlement with
SEC over TerraUSD Collapse and subsequent fraud cases against its creator. Despite all these challenges, community support remains, facilitating significant advancements like
Tax2Gas upgrade and the ongoing vote to raise the burn tax. The most vital development is
LUNC community regaining control over CoinMarketCap Data, signifying a massive turnaround for
Terra Luna Classic and its price.
Terra Coin News Analytics from Fri, 24 Mar 2023 07:00:00 GMT to Thu, 27 Feb 2025 17:19:19 GMT -
Rating 4
- Innovation 2
- Information 5
- Rumor -1
