How This Massive Social Activity In Terra Classic (LUNC) Can Outweigh Do Kwon...
Terra Classic (LUNC), recognized as what remains of the Terra project that experienced one of the biggest collapses in crypto space to date, crashed and burned in its attempt to have a bullish momentum. It can be recalled that Binance implemented a “burn” mechanism to deal with the excessive supply of the digital asset to […]
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Terra classic rose by over 40% on Monday, as markets reacted to the news that founder Do Kwon was wanted by Interpol. Cosmos also traded higher, rebounding from recent declines.
Terra Classic (LUNC)
Terra classic was one of Monday’s most notable movers, as the token rose by over 40% to start the week.
Following a low of $0.0001825 on Sunday, LUNC/USD rose to an intraday peak of $0.0003272 earlier today.
The move came following news that Interpol had issued a red notice for Terraform Labs co-founder Do Kwon.
Looking at the....
The value of Terra Classic (LUNC) had plunged to below zero following the largest crash ever seen in the crypto space. The cryptocurrency had refused to ‘die’ and has instead found favor among crypto investors who are trying to make a quick buck from the highly volatile cryptocurrency. However, even with multiple pumps, investing in LUNC may not be as good an investment as some users expect due to a number of factors. Uncertainty In Terra Camp After the crash of the Terra network that caused users to lose billions of dollars, Terra founder Do Kwon and others had gone on to make another....
A court located in Seoul, South Korea issued a warrant for the arrest of Kwon and five other people who are currently in Singapore. While the LUNC community rejoices because of a potential comeback for the Terra Luna Classic (LUNC) token, the founder of the Terraform Labs, Do Kwon, is now facing a warrant of arrest from South Korean authorities. A court located in Seoul reportedly issued a warrant of arrest for Kwon and five other people who are all currently located in Singapore. According to the prosecutor’s office in South Korea, the Terra founder is facing allegations of violating the....
The protocol's TVL has plunged from around $200 million in September 2021 to less than $125K. Around the same time that a South Korean court issued an arrest warrant for Terra co-founder Do Kwon, Apollo DAO, a decentralized autonomous organization building on the Terra blockchain, said it was closing down its vaults on Terra Classic (LUNC) — formerly Terra (LUNA). The project's developers wrote: "Since the collapse of Terra, Apollo has continued to maintain its LP [Liquidity Provider] vaults on Terra Classic; however, due to the low return and high level of required maintenance, it no....
The collapse of the algorithmic stablecoin Terra and its ecosystem in May 2022 created a massive crisis in the crypto space. Coupled with the extreme crypto winter, the industry witnessed massive losses. As a result, billions of dollars were lost, and many investors lost faith in crypto. Gradually, the space is experiencing a revival as several crypto assets and firms are picking up their shackles. The rebuilding and consolidation of value are slowly creating hope for some participants. In addition, the emergence of some events and activities in the industry could bring cryptocurrency a....