Do Kwon Free: LUNA and LUNC Rise 🚀 Will The Rise Continue?
The Montenegrin court has ordered the release of Terra (LUNA) founder Do Kwon on the condition of house arrest. This decision led to a 15% and 11% increase in LUNA and LUNC.
Do Kwon, who has been imprisoned in Montenegro for about 1 year, was released on the condition of house arrest on March 22. Previously, a decision was made that Kwon would be extradited to South Korea, not the USA. However, accompanied by the latest statements, the Montenegrin court suspended this decision.
Increase in LUNA and LUNC Prices
This light penalty for Do Kwon has also led to the rise of linked cryptocurrency projects. With the news effect, LUNA experienced an increase of 15%, and LUNC experienced 11%.
The Collapse of Terra Luna and TerraUSD
Terra Luna and TerraUSD, developed by Kwon, collapsed in May 2022 with Terra's algorithmic stablecoin, UST, causing a loss of billions of dollars in investors.
The fact that Do Kwon, which caused investors billions of dollars in a loss, was not punished greatly and this light penalty decision drew the reactions of the cryptocurrency market.
Preparations are about to end at Lunc. When $0.00059 is broken, there will be no return. They have changed hands enough and now Volumethiness is available. This may show us that the explosion is very close. Target $0.01
$LUNC $LUNA
