Terra Founder Do Kwon Settled With SEC: What's Next for LUNC and LUNA ?

#SahmRule #MarketDownturn #BlackRockETHOptions #HamsterKombat #BinanceTurns7 Terraform Labs and Do Kwon settled fraud charges with the SEC after April's jury decision.LUNA saw a slight decline in recent trading, with investors closely watching its response.LUNC gained interest with a 7-day increase, reflecting speculation following Terraform Labs' legal resolution.

Terraform Labs and its founder, Do Kwon, have reached a settlement with the U.S. Securities and Exchange Commission (SEC) after facing allegations related to fraud following the collapse of the stablecoin TerraUSD. The settlement was disclosed on a court website after a jury held Kwon and Terraform Labs liable for civil fraud charges in April. This development has sparked renewed interest in Terra-linked cryptocurrencies, LUNA and LUNC, as investors speculate on the potential impact.

Cryptos linked to the Terra ecosystem, such as Terra (LUNA) and Terra Luna Classic (LUNC), experienced significant overnight price movements following the announcement of the settlement. As of August 17, LUNA, the primary token of the Terra blockchain, has seen its price dip slightly, trading at $0.3121 at press time, with a 24-hour trading volume of $17,756,254. Although the token's price has declined by 1.69% in the last 24 hours and by 3.91% over the past seven days, investors are closely monitoring the token's performance amidst the legal developments.