Recently, both Terra Luna ($LUNA) and Terra Classic ($LUNC) prices surged by over 20%. This surge followed the Montenegro Supreme Court's decision to release Terra co-founder Do Kwon, igniting optimism among many investors and holders about Terra's future trajectory.

With Do Kwon potentially reentering the crypto arena, there's speculation that Terra LUNA could undergo new developments, potentially enhancing the token's value, akin to past advancements within the Terra ecosystem. Alternatively, he might initiate something entirely new, leaving outcomes uncertain. Unlike other figures like SBF with FTX or Su Zhu & Kyle Davis, Do Kwon was seen as a highly intelligent and visionary leader. However, his involvement in actions that led to a $40 billion market downfall remains under scrutiny, with more revelations expected from ongoing court proceedings.

Furthermore, Terraform Labs' separation from the Terra Classic chain also fueled heightened trading activity and bullish sentiment within the LUNC community. Additionally, the upcoming major upgrade in the Terra Luna Classic chain, scheduled for next week, will introduce the much-awaited IBC-Hooks, enhancing Luna Classic dApps' onboarding process, security, functionality, and interoperability.

While personally favoring LUNA over LUNC, the ripple effects are expected to affect both. If one views Do Kwon as a leader worth following again, holding onto LUNA may prove advantageous. Alternatively, capitalizing on short-term hype remains an option.