Terra (LUNA) and its classic variant, Terra Luna Classic (LUNC), have witnessed turbulence in recent times. Various factors including a $1.3 billion settlement over Terra's collapse, the guilty plea to fraud by South Korean crypto mogul Do Kwon, and the loss of billions in value have shaken the ecosystem. The New York Attorney General filed a $200 million settlement against Galaxy Digital over its involvement with LUNA. Concurrently, the SEC fined Jump Crypto subsidiary $123 million for manipulating Terra Luna's peg. Amid these legal troubles, Terra burned billions in LUNC Tokens as an attempt to revive its economy. Efforts also include transformations such as Terra Classic's V3.6.0 upgrade and the development of new algorithmic mechanisms for stability. Regarding price predictions for LUNC, views swing between skepticism and optimism. Some believe Terra Luna still has potential for a comeback, leading to its ongoing manipulation and revival attempts. However, skeptics foretell further turmoil for the ecosystem. As for regulatory matters, Do Kwon has been extradited to the US for a trial scheduled for 2026. Interestingly, South Korea's Supreme Court has declared TerraUSD and Luna as non-securities. Terraform Labs is due to open an investor claims portal on March 31. The aftermath of this tumultuous journey has been a dominating bear market trend across the crypto sector, including Ether, which saw a 20% drop post the Terra crash. The complexity and vast impacts of the Luna and LUNC struggles make clear the risks of the crypto world and have led to calls for increased regulations.
Terra Coin News Analytics from Mon, 20 Jan 2020 02:04:06 GMT to Tue, 21 Oct 2025 13:44:00 GMT -
Rating -8
- Innovation 3
- Information 7
- Rumor 0