Terra 2.0 (LUNA) has been making headlines due to various events in the cryptocurrency market. The classic coin
LUNC, is currently undergoing a price prediction making people question its viability as a worthwhile investment. Meanwhile, the burning of 1.1B LUNC has sparked renewed interest in Luna Classic, despite stable price levels. Indeed, the perilous journey from Terra to GENIUS is truly mad, and Terra's CEO, Do Kwon, could face legal consequences for TerraUSD's collapse. South Korean cryptocurrency mogul
Do Kwon has pleaded guilty to fraud charges related to the Terra/Luna stablecoin's demise. Luna and UST have experienced a significant downfall, with the CEO now due to face the FBI over a $40 billion stablecoin collapse. The attempt to re-peg USTC to $1 continues, and Terraform Labs is expected to open a claims portal for its investors on March 31. DeFi's Total Value Locked (TVL) has rebounded to $170 billion, erasing Terra-era bear market losses. Prices of both LUNC and LUNA are currently sliding as Kwon plans to plead guilty, indicating a brutal sell signal. Binance has burned 466 million LUNC, causing the price to swing by 195% in 24 hours. Terra Luna's 2.0, the follow-up to Luna Classic, is due to launch, with its token becoming a stablecoin with algorithmic stability mechanisms. The coin burn continues, but the price appears stalled for now. Looking ahead, by 2025, predictions are bullish, suggesting LUNC could be a good long-term investment. Amidst all this chaos, a key LUNC proposal cut triggered a Luna Classic price apocalypse and Terra also burns 2B of LUNC & USTC. A significant burn of 3.2B LUNC resulted in a quick, but unsustainable, price boost. Moreover, the
cryptocurrency market still awaits the outcome of legal proceedings against Kwon, starting from 2026. Despite the tumultuous ride and the uncertain future, speculation remains that Terra Luna Classic could see a revival.
Terra Coin News Analytics from Mon, 20 Jan 2020 02:04:06 GMT to Thu, 13 Nov 2025 01:35:00 GMT -
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