Terra (LUNA), the highly-anticipated stablecoin platform, has been the center of various discussions recently. Updates reveal that there are charging indictments against Terra's Co-founder,
Do Kwon, who studiedly pleaded guilty to several fraud charges. This act has sent shockwaves through the industry leading to a colossal crash, wiping out an estimated $45 Billion. This significant event led to massive volatility, with
LUNC Price fluctuating as much as 195% within 24 hours. Furthermore, plans are afoot to burn 1.1 billion LUNC, which has sparked hype within the Luna Classic community even as the price remains flat. A similar scenario is observed with 3.2 billion LUNC burns that resulted in price stall rather than the expected boost. Amid the chaos, South Korean Crypto Mogul, Do Kwon, faces a sentence of up to 12 years in the United States. On the flip side, the news of Galaxy Digital's $200 million settlement over the alleged manipulation of LUNA sheds some light on the saga. Despite the gloom in the crypto scene, it's not all bad news for Terra Luna, at least in the hospitality space. A slew of resorts titled 'Terra Luna Resort' under the Universal Orlando banner, seemed to have carved a niche for itself in the tourism industry with several amenities and unique offerings, despite the controversial crypto stumble.
Terra Luna News Analytics from Mon, 30 Dec 2024 08:00:00 GMT to Wed, 12 Nov 2025 17:54:10 GMT -
Rating -8
- Innovation -6
- Information 6
- Rumor -8
