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Another collapsed giant is Terra. Midway through 2022, the UST peg broke, allowing some large capital holders to profit from the situation. As UST approached zero, LUNA fell to single-digit prices and then to virtually worthless values. Still, some people hold out hope for Do Kwon to revive the project.
However, Kwon awaits the day when he will be returned to the U.S. or South Korea as his funds run out. If it closes above $0.437, we could see upper wicks ranging from $0.50 to $0.75.
LUNC is experiencing a similar fate. Terra’s Acolytes have not been as successful as expected. A similar chart can be seen here, where we might observe upper wicks above $0.00009517.
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