Terra Coin has seen a tumultuous period leading to a severe market downturn, primarily revolving around its founder, Do Kwon. Kwon was extradited to the U.S to face fraud charges related to the collapse of the stablecoin, with Terra Labs opening a loss claim portal on March 31, nearly 2.5 years after the collapse of Terra and Luna. Consequently, the
LUNC and LUNA prices sharply declined.
In contrast, Ethereum saw a 20% drop, disrupting the bull market trendline set post the Terra crash. Likewise, Coinbase users are suing over Terraform token conversion losses. Despite the chaos,
Terra Luna Classic (LUNC) might witness a price comeback according to some predictions.
In an interesting twist, disgraced Do Kwon inspired a Korean Indie Film ‘Crypto Man’ and a significant LUNC burn on Binance was reported, arousing speculation of a potential rally ahead. Lastly, a rising burn rate prediction indicates a massive surge for Terra Luna Classic. Terraform labs have announced a major upgrade amid LUNC’s bullish momentum.
Terra Coin News Analytics from Tue, 29 Mar 2022 07:00:00 GMT to Wed, 13 Aug 2025 14:30:15 GMT -
Rating -5
- Innovation -5
- Information 0
- Rumor 6
