Terra Luna Classic (LUNC) has had a tumultuous journey. With a potential
1.6 billion token burn, some analysts are predicting a significant price surge. However, the coin has experienced irregularities including a
collapse leading to a
$123 million settlement with the
SEC. The founder,
Do Kwon, has been extradited to the U.S to answer charges related to the collapse. The coin's future remains uncertain despite interest from investors hoping for over
1,100% gains. There are developments at
Terraform Labs, with a loss claims portal planned to open end of March. A potential collaboration with
Cardano is being speculated which may bring new opportunities. However, the
Crypto fear index reflects investor anxiety, reaching levels matching the Terra, Celsius, 3AC collapse. A critical date for the
Terra-Luna case has been set for 2026. Meanwhile, speculation surrounds whether the
burn tax increase will propel the
LUNC price upwards. The
Terra Luna Classic community has been divided over the ongoing vote for the burn tax rise, with its impact on the
LUNC price already being noticed. Even though over
1.34b tokens are planned to be burned, concerns persist about its price. The Axios protocol may acquire nearly 2M AVAX sold to
Terra. Finally, another potential price surge may follow the
Tax2Gas upgrade for
Terra Luna Classic.
Terra Coin News Analytics from Mon, 20 Jan 2020 02:04:06 GMT to Tue, 06 May 2025 02:03:34 GMT -
Rating 0
- Innovation -5
- Information 5
- Rumor 2
