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TERRA TOKENS RALLY: LUNA AND LUNC SEE BULLISH TRENDS AMID POSITIVE SEC NEWS
#TerraLab #SEC #LUNA #LUNC $LUNA $LUNC

After two years of decline, Terra tokens (LUNA and LUNC) are seeing a significant resurgence driven by positive SEC case developments.

Investor Optimism
Terra tokens are sparking investor hope with current bullish trends suggesting potential gains for LUNA and LUNC holders. The anticipated altcoin season could further boost their value.

Price Surge Analysis
LUNA: After a 97.13% drop from its peak, LUNA recently surged to $0.5973 before settling at $0.5429. It now ranks 150th on CoinMarketCap with a market cap of $415.8 million and a 102% increase in trading volume to $61.7 million.
LUNC: Facing a 99.99% drop since its peak, LUNC is currently priced at $0.0001027, up 1.18% from yesterday. Its market cap is $594.1 million with a 40% increase in trading volume to $37 million.

Reasons for the Increase
The broader crypto market turned bullish after the CPI data release, aiding the recovery of Bitcoin and sparking a surge in LUNA and LUNC.
Positive SEC settlement news and ongoing upgrades in the Terra Luna Classic network have boosted investor sentiment.

Technical Indicators
Technical indicators show a strong buying zone for LUNA, with the RSI at 57.26, indicating a healthy presence of buyers.

Conclusion
The recent surge in Terra tokens, fueled by positive SEC news and market conditions, offers a hopeful outlook for investors. With the altcoin season approaching, LUNA and LUNC may continue to see significant gains.

#Write2earn
TERRA ANNOUNCES CRYPTO LOSS CLAIM DEADLINE, BULLISH OUTLOOK FOR LUNA, LUNC, AND USTC RECOVERY
#TerraLab #Terra #LUNA #LUNC
$LUNA $LUNC $USTC

Terraform Labs has announced a crucial update for the Terra community regarding the filing of crypto loss claims. This initiative aims to address claims against the debtors, potentially influencing the recovery of assets like LUNA, LUNC, and USTC amidst ongoing Chapter 11 Bankruptcy proceedings.

Key Details of the Announcement
In an official statement, Terraform Labs (TFL) disclosed the deadline for submitting initial crypto loss claims related to the bankruptcy cases of Terraform Labs Pte Ltd (TFL) and Terraform Labs Limited (TLL). Interested individuals and entities must file their claims by August 21, 5:00 pm ET, to participate in Chapter 11 Bankruptcy voting.

Failure to meet this preliminary crypto loss claims bar date will result in claimants not being recognized as creditors eligible to vote on the debtors’ plan. Any subsequent allowance or distribution of claims will be handled under the Chapter 11 restructuring plan.

Impact on LUNA and LUNC Prices
The developments in TFL’s bankruptcy proceedings are anticipated to have a positive effect on the prices of LUNA and LUNC within the Terra ecosystem. TFL plans to reactivate the shuttle bridge for the redemption of wrapped assets on Terra Classic and implement token burns from TFL and LFG wallets.
Despite a recent 2% drop, LUNA is currently trading at $0.4231, showing heightened trading volume, up by 51% over the last 24 hours. Meanwhile, LUNC has seen a 4% decline to $0.0000845, and USTC is down by 3% to $0.01927.

Conclusion
Terra’s announcement regarding the crypto loss claim deadline marks a significant step in the bankruptcy proceedings of Terraform Labs. The anticipated recovery in LUNA, LUNC, and USTC prices reflects growing investor interest and market optimism as the community awaits further developments in the Chapter 11 restructuring.