Terra Luna Classic (LUNC) has gone through several significant developments. They have hit a milestone with
406b LUNC and saw adoption potential in shortening staking periods. An extradition to the US of
Do Kwon, post a colossal Terra/Luna collapse has been a significant development in the crypto world. The SEC reached a
settlement worth $123 Million with a crypto firm after 2.5 years of Luna's collapse. A new proposal is being made to convert
USTC into a meme coin. The total Terra Classic has approximated a 403B milestone which led to LUNC's price rise. A possible
boost in LUNC's price awaits according to recent predictions due to ongoing legal developments and increasing burn rates. Terra Luna Classic community has been seen divided over ongoing vote to raise burn tax. However, Binance's backing of Terra Luna Classic, and the confirmation of
LUNA and UST collapse being an attack have the potential to impact the future of LUNC positively.
Do Kwon's extradition and US fraud trial due to the collapse are pivotal. Alongside these, a scheduled Bankruptcy Plan Hearing for Terraform Labs is on the cards for the coming month. On the brighter side, both Terra Classic and Terra Luna prices are surging amidst the SEC battle, thus signalling potential recovery.
Terra Luna News Analytics from Thu, 11 Apr 2024 07:00:00 GMT to Wed, 19 Mar 2025 10:22:37 GMT -
Rating -3
- Innovation 2
- Information 7
- Rumor 1
