Ethereum's 20% drop has contrasted with the bullish progression that emerged after the 2022 crash of
Terra.
Terra Luna Classic is in debates regarding burning
LUNC tokens to prevent further downswings. Discussions also pivoted to
Hyperliquid's comparison to Terra Luna in the current market cycle.
Arctic Pablo Coin recorded an impressive pre-sale value, bringing attention to Terra Classic and
Celestia as potential profitable investments.
Do Kwon, the key player in Terra's massive stablecoin collapse which amounted to ~$40 billion, is extradited to the US to face legal actions for his involvement.
SEC charged J
ump Crypto subsidiary $123M for manipulating Terra Luna UST peg. Due to these events, predictions for Terra's price have been made with some even forecasting a favorable price surge.
Binance has shown support for Terra Luna Classic's upgrade, igniting speculation of a potential rally for LUNC's price. Irrespective of the massive burn, Terra Luna Classic's price experienced a 21% drop. The future of the Terra stablecoin project is under scrutiny and it also became an inspiration for a Korean
Indie film titled 'Crypto Man'. After having experienced a sizeable burn of its tokens, Terra Luna stands to witness a stronger price ascend. The Terra Luna community is reportedly divided about the ongoing vote to increase the
Burn Tax. Disgraced Terra founder Do Kwon's legal troubles have gained significant attention. The prospect of Terra Luna's stablecoin, which was believed to recover primarily due to the burn and staking acceleration encountered some resistance. Considering these factors, it's fair to conclude that Terra Luna Classic's journey has been nothing short of a roller coaster ride, which continues to keep its large user base intrigued and hopeful despite the adversities.
Terra Coin News Analytics from Sun, 24 Mar 2024 07:00:00 GMT to Wed, 12 Mar 2025 13:23:12 GMT -
Rating -5
- Innovation -6
- Information -3
- Rumor 4
