**"LUNC Faces Turbulence: SEC Triumphs in Court Battle, Price Dips 5.42%! 📉⚖️**

🚨 Breaking News: LUNC, the Terra Classic token, takes a hit as SEC scores a victory over Terraform Labs in the courtroom battle! Judge rules LUNA and MIR as securities, causing a 5.42% drop in LUNC's price.

🔍 What's Next for LUNC? Analysts predict a possible upside reversal as the fallout from the SEC ruling settles. 🔄

🌐 Terraform Labs' Co-founder Do Kwon accused of orchestrating securities sale – Will LUNC recover or succumb to the courtroom drama?

📉 Market Watch: LUNC's Weighted Sentiment hits -0.517, indicating short-term bearish sentiments. Is the tide about to turn? 📈

📆 Key Dates: Social Dominance spikes on December 29th, but has the hype peaked? Dive into the data and discover LUNC's current state!

📈 Technical Analysis: RSI hints at an oversold condition, potential for an uptrend. EMA crossover signals bullish bias – Will $0.0002 be the next destination?

💰 What's Your LUNC Worth? Find out the value of 1, 10, and 100 LUNCs today amidst the courtroom drama!

⚖️ Caution Ahead: Traders brace for impact as the SEC trial unfolds – LUNC's fate hangs in the balance. Stay tuned for the latest developments impacting this crypto rollercoaster! 🎢📰 #CryptoNews #LUNC #SECvsTerraformLabs #BTC $LUNC

💼💥 Breaking News: Terraform Labs and its co-founder, Do Kwon, have been found liable for fraud in a landmark case brought by the U.S. Securities and Exchange Commission (SEC). 🚨📉

According to sources from pasapaltruyo eu, a Manhattan jury delivered the verdict, holding Terraform Labs accountable for misleading investors about the stability of their "algorithmic stablecoin" Terra USD (UST) and the use cases for the Terra blockchain. The SEC accused them of deceptive practices, leading to the $40 billion implosion of the Terra ecosystem in May 2022.

The jury's decision, reached just two hours after closing arguments, affirmed that Kwon and Terraform Labs deceived investors about the supposed algorithm that maintained UST's peg to the U.S. dollar. While Kwon suggested it could "automatically self-heal" during de-peg events, it actually relied on continuous trading activity, including large-scale trading by institutional investors.

Gurbir Grewal, SEC Division of Enforcement director, expressed satisfaction with the verdict, emphasizing the devastating losses incurred by investors and the need for crypto markets to comply with regulations to protect investors.

👨‍⚖️ The verdict serves as a reminder of the importance of transparency and compliance in the cryptocurrency space, underscoring the SEC's commitment to safeguarding investors' interests. #CryptoFraud #SECvsTerraformLabs 🛑📉

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