Terra Luna Classic (LUNC) has been in the headlines due to a series of major events affecting the coin. There were instances of noteworthy price volatility, with reports of its price falling, spiking, and even predictions of an impressive 1,500% increase. Despite market volatility, a massive burn of over 1 trillion LUNC tokens involving
Binance was also reported. A merger attempt between Terra Classic and LUNC initially hit a roadblock but has seemingly found new momentum. Other positive news comes in the form of a proposal for LUNC payout with almost unanimous support - 99.98% approval - from the community. LUNC's burn tax change proposal also officially passed, potentially signaling a positive trajectory for the coin. On the negative side, there is news of a failed Terra Luna project causing the
Montenegro PM to fall victim to it, a
SEC fine of $4.47bn causing Terra Luna Classic's price to plummet, and a hack that resulted in a loss of listing on
BtcTurk. The SEC's involvement in the case, prosecution of Terraform Labs’ CEO
Do Kwon, and various allegations of fraud cast a shadow over the crypto asset. Despite this, there are several instances of plans for recovery and numerous predictions on price increases.
Coinbase considered relisting Terra Luna Classic and a key upgrade was announced, expected to rally the LUNC price.
Terra Luna News Analytics from Wed, 13 Sep 2023 07:00:00 GMT to Thu, 27 Jun 2024 21:14:29 GMT -
Rating -3
- Innovation -2
- Information 6
- Rumor -5
