Terra (LUNA) and its classic version, Luna Classic (LUNC), have seen a rollercoaster ride in the Crypto Market. Terra's cofounder, Do Kwon, has pleaded guilty in the Luna stablecoin collapse case. This scandal came as a shock and resulted in a fallen trust in the project. Following these events, the prices of LUNC and LUNA experienced a downturn. SEC reached a $123 Million settlement with a crypto firm after the Terra-Luna collapse and files $200 Million settlement with Galaxy Digital over LUNA. Meanwhile, Terra continues to innovate with the announcement of Terra (LUNA) 2.0 and Terra Luna Classic's 3.6.0 upgrade. However, the value remains volatile with gains offset by dips. A significant update is Terraform Labs' decision to open a claims portal for investors impacted by the UST stablecoin crash. This move might provide some hope and rekindle interest among investors. Despite these firm actions, reports of LUNC getting secretly delisted on Binance have surfaced, further shaking investor confidence. Similarly, new allegations claim that a stage-managed attack triggered Terra's $50 Billion downfall. The cryptocurrency's future remains uncertain amid these legal and financial developments, fluctuating prices, and ongoing efforts to rebound through token burns and updates.
Terra Coin News Analytics from Mon, 20 Jan 2020 02:04:06 GMT to Wed, 12 Nov 2025 14:13:36 GMT -
Rating -7
- Innovation 3
- Information -3
- Rumor -6