Terra, known for its coins
LUNA and
Luna Classic (LUNC), is facing significant issues in the cryptocurrency market.
Do Kwon, the founder of Terra-Luna, has been sentenced to
15 years in prison for his role in the $40 billion collapse of the Terra/Luna ecosystem. This has led to a series of intense price changes for both LUNA and LUNC. Notably, a
100% weekly surge was reported for LUNA, and LUNC experienced a
60% price hike. There have also been significant price predictions for these coins, with some speculating that LUNA 2.0 could recover to a significant $1 by 2025. The collapse of Terra triggered a massive crypto crash in 2022, and the ramifications continue today with fear streak present in the market. Many are attributing these price surges to the sentencing of Do Kwon and his guilty plea. Amidst all this, Binance is set to shut down withdrawals for Terra (LUNA) on a specified date. The effects of these events are not just confined to prices; the DeFi TVL has rebounded to $170B, erasing losses from the Terra-era bear market. Terra Classic has sparked significant interest due to the major upgrade in voting that was said to be behind a 20% price increase. Despite the problems faced by Terra, the ecosystem has shown resilience with the implementation of innovations such as LUNC token burns, though skepticism remains over the re-pegging strategies.
Terra Coin News Analytics from Mon, 20 Jan 2020 02:04:06 GMT to Sun, 22 Feb 2026 15:33:37 GMT -
Rating -5
- Innovation 2
- Information 5
- Rumor 1
