IS THIS THE FINAL END OF $LUNA ? 🚨 Here The Answer 👇
Terraform Labs has announced an imminent bankruptcy (scheduled for 9.19.2024)! In order to have a form of legal protection and voice into potential negotiations with creditors, Terra Labs will file Chapter 11 (C11). By signing C11, Terra Labs basically has the right to continue operations while restructuring! So, is it a Bad or a Good news at the end? Before that, Please Vote on my Profile 🙏. It is NOT good for sure! Bankruptcy filing introduces significant uncertainty and potential changes that could impact LUNA’s price. In bankruptcy, creditors typically have priority over shareholders. So, if Terra Labs has significant debt, creditors may be paid before any returns are made to investors. This may potentially leaves investors with losses!
Currently, LUNA's price is around $0.349, showing minor fluctuations between $0.34 and $0.4. The market is still volatile and the price dynamics are, as I mentioned, influenced by the pending bankruptcy proceedings. LUNA remains unstable, with technical indicators like MACD and RSI suggesting bearish trends. Be Aware! ⚠️
Will LUNA Survive? 🤔 Let Me Know In Comments!
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