Terra Luna Classic, also known as
LUNC, has had a tumultuous run in the cryptocurrency market, marked by significant highs and lows. It hit the headlines when Fugitive Crypto King
Do Kwon was handed over to the FBI following a $40 billion stablecoin collapse associated with Terra and Luna. Two-and-half years post-collapse, the Securities and Exchange Commission (SEC) reached a $123 million settlement with a crypto firm. As a result, Kwon faced extradition to the US and was later extradited. The collapse also inspired a Korean Indie film, ‘Crypto Man’ focused on Kwon. Amid these developments, Terra Labs planned to open a loss claims portal for stablecoin crash victims.
In the meantime, debates over LUNC's possible price surge were rampant. While some predict a likely 200% surge in Terra Luna price, others anticipate a 350% surge based on LUNC Price Projection. Notwithstanding the disagreements, LUNC tokens were burned to possibly save Terra Luna Classic from further price downswings, with
Binance burning 375.5M LUNC. The community, however, remained divided over an ongoing vote to increase the burn tax. Amid these, an ambitious goal to see $1 Terra Luna Classic has been set, its feasibility remained a bone of contention.
On the legal front, Do Kwon’s US court hearing was delayed while Terra Luna Classic and
Cardano formed a partnership seeking to revolutionize the crypto space. Ultimately, the unfolding events marked Terra Luna Classic's ongoing journey, drawing significant attention to the status and potential of LUNC.
Terra Coin News Analytics from Wed, 09 Mar 2022 08:00:00 GMT to Fri, 25 Jul 2025 02:25:00 GMT -
Rating -7
- Innovation -2
- Information 7
- Rumor -5
