Terra Luna Classic has seen shocking developments in the past few months.
Do Kwon the creator of
TerraUSD and
Terra Luna Classic has been sentenced to 15 years in prison over a $40 billion crypto collapse, pleading guilty to crypto fraud. This collapse triggered a significant crash in 2022, leading to
investor losses and a
depegging crisis for stablecoins. Despite these hurdles, the price of Luna and its classic variant
LUNC have experienced surges, further stimulated by LUNC burns and token burns which have drawn the attention of traders. A major upgrade for Terra Luna Classic has begun with voting, leading to a price skyrocketing over 20%. Defending a price point of $0.16, Terra Luna has a 50 percent chance of extending its rally. Despite these strides, Terra's price still faces brutal sell signals. Binance has decided to shut down withdrawals for Terra (Luna) and Kraken has delisted LUNC and USTC. As an effort to streamline and fast track terra claim processing, Terraform labs, directed by
Do Kwon will open a claims portal for investors on March 31. Notably, Terra Luna Classic has become fully owned by the community.
Terra Coin News Analytics from Mon, 20 Jan 2020 02:04:06 GMT to Wed, 28 Jan 2026 17:03:45 GMT -
Rating -7
- Innovation -5
- Information 6
- Rumor 2
