Terra Classic (LUNC), the new version of Lunacoin, has witnessed a remarkable
recovery, crossing a
406 billion milestone, despite major setbacks. It is predicted that
LUNC price might see an increase, possibly reaching $1, considering the ongoing substantial token burning. The introduction of the
Tax2Gas upgrade is an indicator of promising uptrends. Developer
Do Kwon, long a fugitive following the catastrophic collapse of the original Terra Luna, has been extradited and pleaded not guilty over the collapse of the
Terra/Luna coin. Meanwhile, Avalanche Foundation's buyback of nearly
2 million AVAX sold to Terra in 2022 provides a certain degree of market stability. Nonetheless, the shadow of the colossal downfall has not been entirely erased. Given Terraform Labs'
bankruptcy wind-down and the subsequent price risk despite the 400 billion milestone, expert predictions must be taken with a grain of salt. The NY AG's $200 million settlement with Galaxy Digital over LUNA and SEC's $123 million settlement post-crisis are revealing of the coin's tumultuous past. Despite everything, the
Terra Luna Classic coin shows potential of a
massive surge following its upgrade and substantial coin burns. Terraform labs sets October 30 as
deadline for Terra Classic users, signaling significant developments on the horizon. Finally, Binance support in the LUNC's upgrade is a hopeful sign of future
rally.
Terra Coin News Analytics from Mon, 20 Jan 2020 02:04:06 GMT to Mon, 19 May 2025 07:00:00 GMT -
Rating -4
- Innovation 7
- Information 6
- Rumor 0
