Terraform Labs presented a key date for its final chain upgrade, 'Proposal 4818', amidst bankruptcy proceedings, sparking a price rally for LUNA and LUNC. A significant token burn has been predicted post-upgrade, lifting prices further. The company reclosed the LUNA bridge, leading WLUNC pricing to surge by 28%. With Terra Luna open for business, LUNC eyes a 600% breakout due to the upgrade and delisting by Gemini. Community voting led to a LUNC burn tax distribution revision and the Tax2Gas proposal passed. Despite bankruptcy, the Shuttle Bridge is operational and there are plans to destroy LUNA tokens
Terra Luna and LUNC prices buoyed due to Do Kwon's SEC settlement. Binance burned additional Terra Luna Classic Tokens for LUNA and LUNC to return to its all-time high. SEC labelled Polygon, Terra Luna, Chiliz, and others as securities. Do Kwon was released from prison in Montenegro amid extradition drama, which led to Terra surging by 20%. Further LUNC price revival speculation emerged due to Tax2Gas implementation and successful USTC repeg solution proposal. Justin Sun's USDD withdrew 12,000 BTC without DAO approval.
LUNC delisting warning by Bybit rattled the community however, Coinbase is considering relisting Terra Luna Classic. Universal Orlando Resort unveiled details for its new Universal Stella Nova Resort and Universal Terra Luna Resort. Terra Luna Classic activated a new burn tax while LUNC stumbles with prices.
Finally, analysts suggest that LUNA and LUNC might jump 13x due to their respective drivers while Do Kwon faces a civil fraud trial.
Terra Luna News Analytics from Tue, 05 Dec 2023 08:00:00 GMT to Thu, 29 Aug 2024 04:51:06 GMT -
Rating 4
- Innovation 6
- Information 8
- Rumor 7
