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Understanding Old LUNC and New LUNC: The Reinvestment Dilemma
The Terra ecosystem collapse in May 2022 was one of the most dramatic events in cryptocurrency history, resulting in the devaluation of Terra Classic (LUNC), formerly known as Terra (LUNA), and its stablecoin UST.
The event caused significant losses, wiping out billions of dollars in value and shaking investor confidence. In response, Terraform Labs initiated a new blockchain, creating Terra 2.0 (LUNA) while rebranding the original chain to Terra Classic (LUNC).
This article examines the differences between the old and new LUNC and explores the challenges and fears surrounding reinvestment in these projects.
1. The Collapse of Terra (LUNA)
The downfall of Terra’s original blockchain was triggered by the depegging of its algorithmic stablecoin, UST. Unlike traditional stablecoins backed by reserves, UST relied on a mint-and-burn mechanism with LUNA to maintain its peg to the U.S. dollar. When market confidence eroded, the algorithmic system failed, causing both UST and LUNA to lose their value.
Key consequences:
LUNA’s price plummeted from over $100 to fractions of a cent.Billions of dollars were lost by retail and institutional investors alike.The event raised questions about the sustainability of algorithmic stablecoins.
2. Terra Classic (LUNC) vs. Terra 2.0 (LUNA)
After the collapse, Terraform Labs proposed a revival plan, resulting in the creation of a new blockchain.
Terra Classic (LUNC):
Represents the original Terra chain.Maintains a community-led approach with efforts to stabilize and rebuild the network.Focuses on token burns to reduce the massive circulating supply created during the collapse.
Terra 2.0 (LUNA):
A new blockchain without an algorithmic stablecoin.Developed to provide a clean slate for the Terra ecosystem.Aims to attract new projects and developers.
While LUNA seeks to reestablish credibility, LUNC relies heavily on grassroots support and community initiatives.
3. Fear Factors of Reinvesting in LUNC and LUNA
Reinvestment in LUNC and LUNA comes with significant concerns. Here’s why:
A. Loss of Trust
The Terra ecosystem collapse shattered investor trust. Many view the projects as risky, with some fearing history could repeat itself. The lack of confidence poses a hurdle for both new and returning investors.
B. Regulatory Scrutiny
The collapse attracted global regulatory attention, leading to lawsuits and increased scrutiny of algorithmic stablecoins and DeFi projects. Investors worry about potential legal challenges that could impact the ecosystem’s recovery.
C. High Volatility
Both LUNC and LUNA exhibit extreme price volatility. While this presents trading opportunities, it also deters risk-averse investors.
D. Overreliance on Community Support
Terra Classic’s recovery heavily depends on community-led initiatives like token burns and staking rewards. Critics argue this may not be sustainable in the long term.
E. Competition
Terra 2.0 competes with more established blockchain ecosystems like Ethereum, Binance Smart Chain, and Solana, making it harder to regain its position in the market.
4. Potential Opportunities
Despite the risks, some investors see potential in LUNC and LUNA:
LUNC Community Resilience**: The active community behind LUNC aims to revive the ecosystem through innovative proposals and collaborations.Terra 2.0 Development: New projects and partnerships could bolster LUNA’s long-term viability.High-Risk, High-Reward: The current low prices of LUNC and LUNA attract speculators seeking significant returns.
5. Key Considerations for Reinvestment
Before reinvesting in LUNC or LUNA, consider:
Conducting thorough research into ongoing developments and governance proposals.Evaluating personal risk tolerance and portfolio diversification.Monitoring regulatory changes and legal proceedings involving Terraform Labs.
Conclusion
The collapse of the original Terra ecosystem left a scar on the cryptocurrency market, making LUNC and LUNA controversial assets. While both projects offer unique opportunities, the associated risks cannot be ignored. Potential investors must weigh the fear factors against the prospects of recovery and approach these assets with caution, keeping in mind the lessons of the past.
#TerraLabs #LUNC✅ #LUNA✅
The event caused significant losses, wiping out billions of dollars in value and shaking investor confidence. In response, Terraform Labs initiated a new blockchain, creating Terra 2.0 (LUNA) while rebranding the original chain to Terra Classic (LUNC).
This article examines the differences between the old and new LUNC and explores the challenges and fears surrounding reinvestment in these projects.
1. The Collapse of Terra (LUNA)
The downfall of Terra’s original blockchain was triggered by the depegging of its algorithmic stablecoin, UST. Unlike traditional stablecoins backed by reserves, UST relied on a mint-and-burn mechanism with LUNA to maintain its peg to the U.S. dollar. When market confidence eroded, the algorithmic system failed, causing both UST and LUNA to lose their value.
Key consequences:
LUNA’s price plummeted from over $100 to fractions of a cent.Billions of dollars were lost by retail and institutional investors alike.The event raised questions about the sustainability of algorithmic stablecoins.
2. Terra Classic (LUNC) vs. Terra 2.0 (LUNA)
After the collapse, Terraform Labs proposed a revival plan, resulting in the creation of a new blockchain.
Terra Classic (LUNC):
Represents the original Terra chain.Maintains a community-led approach with efforts to stabilize and rebuild the network.Focuses on token burns to reduce the massive circulating supply created during the collapse.
Terra 2.0 (LUNA):
A new blockchain without an algorithmic stablecoin.Developed to provide a clean slate for the Terra ecosystem.Aims to attract new projects and developers.
While LUNA seeks to reestablish credibility, LUNC relies heavily on grassroots support and community initiatives.
3. Fear Factors of Reinvesting in LUNC and LUNA
Reinvestment in LUNC and LUNA comes with significant concerns. Here’s why:
A. Loss of Trust
The Terra ecosystem collapse shattered investor trust. Many view the projects as risky, with some fearing history could repeat itself. The lack of confidence poses a hurdle for both new and returning investors.
B. Regulatory Scrutiny
The collapse attracted global regulatory attention, leading to lawsuits and increased scrutiny of algorithmic stablecoins and DeFi projects. Investors worry about potential legal challenges that could impact the ecosystem’s recovery.
C. High Volatility
Both LUNC and LUNA exhibit extreme price volatility. While this presents trading opportunities, it also deters risk-averse investors.
D. Overreliance on Community Support
Terra Classic’s recovery heavily depends on community-led initiatives like token burns and staking rewards. Critics argue this may not be sustainable in the long term.
E. Competition
Terra 2.0 competes with more established blockchain ecosystems like Ethereum, Binance Smart Chain, and Solana, making it harder to regain its position in the market.
4. Potential Opportunities
Despite the risks, some investors see potential in LUNC and LUNA:
LUNC Community Resilience**: The active community behind LUNC aims to revive the ecosystem through innovative proposals and collaborations.Terra 2.0 Development: New projects and partnerships could bolster LUNA’s long-term viability.High-Risk, High-Reward: The current low prices of LUNC and LUNA attract speculators seeking significant returns.
5. Key Considerations for Reinvestment
Before reinvesting in LUNC or LUNA, consider:
Conducting thorough research into ongoing developments and governance proposals.Evaluating personal risk tolerance and portfolio diversification.Monitoring regulatory changes and legal proceedings involving Terraform Labs.
Conclusion
The collapse of the original Terra ecosystem left a scar on the cryptocurrency market, making LUNC and LUNA controversial assets. While both projects offer unique opportunities, the associated risks cannot be ignored. Potential investors must weigh the fear factors against the prospects of recovery and approach these assets with caution, keeping in mind the lessons of the past.
#TerraLabs #LUNC✅ #LUNA✅
SEC Seeks $5.3 Billion Penalty Against Terra Founder Do Kwon
According to reports, the U.S. Securities and Exchange Commission (#SEC上诉 ) intends to punish the discredited founder of the Terra ecosystem billions of dollars.
As per a recent Bloomberg article, the regulatory body is pursuing Kwon and #Terraform Labs, who were found guilty of fraud during a trial earlier this month, opening the door for the possibility of the highest penalties in the history of the cryptocurrency business.
According to the investigation, Kwon and Terraform gained about $4 billion by selling tokens as unregistered securities. Do Kwon was fined $5.3 billion for his alleged "brazen misconduct" in the 2022 collapse of the Terra ecosystem.
As a result of his involvement in the $40 billion collapse of the #TerraLabs ecosystem, he is currently being sought by authorities for extradition to both the US and South Korea. #cryptoniteuae
According to reports, the U.S. Securities and Exchange Commission (#SEC上诉 ) intends to punish the discredited founder of the Terra ecosystem billions of dollars.
As per a recent Bloomberg article, the regulatory body is pursuing Kwon and #Terraform Labs, who were found guilty of fraud during a trial earlier this month, opening the door for the possibility of the highest penalties in the history of the cryptocurrency business.
According to the investigation, Kwon and Terraform gained about $4 billion by selling tokens as unregistered securities. Do Kwon was fined $5.3 billion for his alleged "brazen misconduct" in the 2022 collapse of the Terra ecosystem.
As a result of his involvement in the $40 billion collapse of the #TerraLabs ecosystem, he is currently being sought by authorities for extradition to both the US and South Korea. #cryptoniteuae
🚨🚨🚨$LUNC WILL NEVER REACH $1🚨🚨🚨
⚠️ABSOLUTELY WRONG ⚠️, THE DEVS OF THE #TerraEcosystem WORKING ON A NEW BURNING PROJECT TOGETHER WITH #Binance 📈🚀💸
#TerraLabs #TerraClassicUpgrade #terraClassicLunc
⚠️ABSOLUTELY WRONG ⚠️, THE DEVS OF THE #TerraEcosystem WORKING ON A NEW BURNING PROJECT TOGETHER WITH #Binance 📈🚀💸
#TerraLabs #TerraClassicUpgrade #terraClassicLunc
According to a court entry, Terraform Labs and its co-founder, Do Kwon, have reached a 'settlement in principle' with the US Securities and Exchange Commission (SEC).
In a significant development, Terraform Labs and its co-founder Do Kwon have reached a pivotal turning point in their legal feud with the U.S. Securities Exchange Commission (SEC), as revealed by a recent court entry.
As per the filing made on Thursday, a telephone conference held on Wednesday, without recording, led to the cancellation of a previously scheduled oral argument on May 29.
The oral argument previously set for 5/29/2024 has been cancelled because the parties have informed the Court that they reached a settlement in principle," stated the filing. "The parties must file, by 6/12/2024, papers in support of a proposed final judgment consistent with the settlement.
The SEC had charged Terraform and Kwon in February 2023 over the algorithmic stablecoin Terra USD (UST), which had collapsed a year prior. Recently, both sides were embroiled in a dispute over fine amounts. Terraform and Kwon's lawyers argued for fines closer to $1 million, while the SEC proposed a significantly higher fine of $5.3 billion.
The trial against the SEC commenced for Terraform in late March, with Kwon notably absent. In April, a jury concluded that both Terraform and Kwon had misled investors and were held liable for civil fraud. The jury's deliberation centered on the SEC's allegations that Kwon and Terraform had violated federal securities laws through fraudulent activities associated with the buying and selling of Terraform securities.
Meanwhile, Kwon, the former executive, remains entangled in a legal tug-of-war over extradition to the U.S. or South Korea. He was apprehended in Montenegro in March 2023 for using a counterfeit passport while attempting to depart the country.
Source- The Block
$LUNC $LUNA $USTC #TerraLabs #TerraClassic #LUNC✅ #LUNA🔥🔥🔥 #USTC
In a significant development, Terraform Labs and its co-founder Do Kwon have reached a pivotal turning point in their legal feud with the U.S. Securities Exchange Commission (SEC), as revealed by a recent court entry.
As per the filing made on Thursday, a telephone conference held on Wednesday, without recording, led to the cancellation of a previously scheduled oral argument on May 29.
The oral argument previously set for 5/29/2024 has been cancelled because the parties have informed the Court that they reached a settlement in principle," stated the filing. "The parties must file, by 6/12/2024, papers in support of a proposed final judgment consistent with the settlement.
The SEC had charged Terraform and Kwon in February 2023 over the algorithmic stablecoin Terra USD (UST), which had collapsed a year prior. Recently, both sides were embroiled in a dispute over fine amounts. Terraform and Kwon's lawyers argued for fines closer to $1 million, while the SEC proposed a significantly higher fine of $5.3 billion.
The trial against the SEC commenced for Terraform in late March, with Kwon notably absent. In April, a jury concluded that both Terraform and Kwon had misled investors and were held liable for civil fraud. The jury's deliberation centered on the SEC's allegations that Kwon and Terraform had violated federal securities laws through fraudulent activities associated with the buying and selling of Terraform securities.
Meanwhile, Kwon, the former executive, remains entangled in a legal tug-of-war over extradition to the U.S. or South Korea. He was apprehended in Montenegro in March 2023 for using a counterfeit passport while attempting to depart the country.
Source- The Block
$LUNC $LUNA $USTC #TerraLabs #TerraClassic #LUNC✅ #LUNA🔥🔥🔥 #USTC
Luna
luna/usdt, there are two possibilities but target is same and we will achieve this target in 1-2 months.
#luna #lunausdt #TerraLabs
luna/usdt, there are two possibilities but target is same and we will achieve this target in 1-2 months.
#luna #lunausdt #TerraLabs
💥 SPOT Signal / My Number 1 Pick for July: $LUNC Will Dominate Soon 💥
LUNC is my Number One Pick on (SPOT) for an obvious reason, and you should consider what i am about to write in this post. Why am I picking Terra Luna Classic... Well you should continue Reading the post to find out...
✨ Fast Information About #LUNC ✨
Current Price: $0.000081 (USD)
Position: #131 (according to CoinMarketCap).
Market Cap: $447,166,429 USD.
Trading Volume: $93,013,568 USD in the last 24 hours.
🔥Why Will LUNC Dominate in July🔥
Guys the price is an amazing entry point and I don't want you to miss this chance, only at $0.000081 is a present before the market starts to run... The other reason is as follows:
1- Low price tag as LUNC dipped because of an exchange hack & selloff, in addition to $BTC got a major correction which led the whole crypto market to decrease.
2- Binance Burn which could send the coin to a higher price as the volume was very high when the big selloff happened. This burn will be on the last day of June.
3- Terraform Labs take over will change the game for LUNC as they are preparing to boost it's utility. As they will try also to save $LUNA
4- The Biggest Burn... Over +200 Billion Terra Luna Classic tokens will get burned in Q3 of 2024 as Terraform Labs have sent those tokens to a wallet & will pass the vote to burn the wallet keys, hence this amount will no longer be found in supply.
🌿 Entry Price & Take Profit 🌿
This is my Strategy as bought at the Lowest price possible $0.000071 but you can still enter on SPOT trading Only:
Entry Price: $0.000078 (Price Could Return) to $0.000080
✨ Take Profit 1: $0.000125 (25% of your entry).
✨ Take Profit 2: $0.000185 (25% of your entry).
✨ Take Profit 3: $0.000256 (25% of your entry).
✨ Leave the final 25% as LUNC could rally very high.
Note: This is at least a one month trade only on SPOT, & this is not financial advice as it is only my strategy.
Don't forget to follow & like for MORE Exclusive Content🥂
#BullRunAhead #BTCFOMCWatch #TerraLabs #BTC☀
LUNC is my Number One Pick on (SPOT) for an obvious reason, and you should consider what i am about to write in this post. Why am I picking Terra Luna Classic... Well you should continue Reading the post to find out...
✨ Fast Information About #LUNC ✨
Current Price: $0.000081 (USD)
Position: #131 (according to CoinMarketCap).
Market Cap: $447,166,429 USD.
Trading Volume: $93,013,568 USD in the last 24 hours.
🔥Why Will LUNC Dominate in July🔥
Guys the price is an amazing entry point and I don't want you to miss this chance, only at $0.000081 is a present before the market starts to run... The other reason is as follows:
1- Low price tag as LUNC dipped because of an exchange hack & selloff, in addition to $BTC got a major correction which led the whole crypto market to decrease.
2- Binance Burn which could send the coin to a higher price as the volume was very high when the big selloff happened. This burn will be on the last day of June.
3- Terraform Labs take over will change the game for LUNC as they are preparing to boost it's utility. As they will try also to save $LUNA
4- The Biggest Burn... Over +200 Billion Terra Luna Classic tokens will get burned in Q3 of 2024 as Terraform Labs have sent those tokens to a wallet & will pass the vote to burn the wallet keys, hence this amount will no longer be found in supply.
🌿 Entry Price & Take Profit 🌿
This is my Strategy as bought at the Lowest price possible $0.000071 but you can still enter on SPOT trading Only:
Entry Price: $0.000078 (Price Could Return) to $0.000080
✨ Take Profit 1: $0.000125 (25% of your entry).
✨ Take Profit 2: $0.000185 (25% of your entry).
✨ Take Profit 3: $0.000256 (25% of your entry).
✨ Leave the final 25% as LUNC could rally very high.
Note: This is at least a one month trade only on SPOT, & this is not financial advice as it is only my strategy.
Don't forget to follow & like for MORE Exclusive Content🥂
#BullRunAhead #BTCFOMCWatch #TerraLabs #BTC☀
$USTC
We are here and holding strong. BTC may fall but we won't so chill. #BinanceBlockchainWeek #CryptoPreUSElection #10MTradersLeague #USTCsurge #TerraLabs
We are here and holding strong. BTC may fall but we won't so chill. #BinanceBlockchainWeek #CryptoPreUSElection #10MTradersLeague #USTCsurge #TerraLabs
$LUNA Today, Terra (LUNA) is showing signs of bearish sentiment as its price hovers around $0.3634. The market uncertainty surrounding LUNA continues as it struggles to maintain momentum. With its low trading volume and increasing selling pressure, investors are cautious about its short-term outlook. While there are no significant catalysts pushing LUNA up, the broader crypto market trends and regulatory developments are impacting its movement.
**Target Price:** $0.3500
**Sell Price:** $0.3700
If LUNA continues its downward trend, it may test the $0.3500 support level. However, a break above $0.3700 could lead to a potential reversal. Investors should stay cautious and closely monitor market conditions before making any decisions.
#TerraClassicUpgrade #TerraClassicRising #TerraClassicRevival #terraClassicLunc #TerraLabs $LUNA
**Target Price:** $0.3500
**Sell Price:** $0.3700
If LUNA continues its downward trend, it may test the $0.3500 support level. However, a break above $0.3700 could lead to a potential reversal. Investors should stay cautious and closely monitor market conditions before making any decisions.
#TerraClassicUpgrade #TerraClassicRising #TerraClassicRevival #terraClassicLunc #TerraLabs $LUNA
Terra Luna Classic Moves Closer To Tax2Gas Implementation
Terra Luna Classic L1 developer Genuine Labs shared a biweekly update on June 9 regarding developments for Tax2Gas implementation. According to the developer, the team worked on implementing Tax2Gas module, changes related to wasm handler plugin, and upgrading the handler. The work progress for Tax2Gas implementation can be found at Terra Classic GitHub.Genuine Labs revealed that the module will now hold gas price values of 22 denoms of Terra Classic. It will define the logic of the AnteHandler and PostHandler. Notably, the taxes now get converted to gas and the fee will only be consumed upon success transaction. In the next two weeks, the team will work on tasks such as unit tests for the new module and implementation, E2E tests, and manual tests and testnet. LUNC price mostly trading sideways in the last 24 hours, with the price currently trading at $0.00007074. The 24-hour low and high are $0.0000683 and $0.00007123, respectively. Moreover, trading volume decreased by 43% in the last 24 hours.
Meanwhile, USTC price is trading at $0.01567, down 12% in a week. The 24-hour trading volume saw a 41% drop in the last 24 hours as uncertainty rose amid BTC selloff by German Government.
#TerraLabs #LUNC✅ #BTC_Bounce_Back_to_57k #BinanceTurns7 #Ton_Coin_Surge
Terra Luna Classic L1 developer Genuine Labs shared a biweekly update on June 9 regarding developments for Tax2Gas implementation. According to the developer, the team worked on implementing Tax2Gas module, changes related to wasm handler plugin, and upgrading the handler. The work progress for Tax2Gas implementation can be found at Terra Classic GitHub.Genuine Labs revealed that the module will now hold gas price values of 22 denoms of Terra Classic. It will define the logic of the AnteHandler and PostHandler. Notably, the taxes now get converted to gas and the fee will only be consumed upon success transaction. In the next two weeks, the team will work on tasks such as unit tests for the new module and implementation, E2E tests, and manual tests and testnet. LUNC price mostly trading sideways in the last 24 hours, with the price currently trading at $0.00007074. The 24-hour low and high are $0.0000683 and $0.00007123, respectively. Moreover, trading volume decreased by 43% in the last 24 hours.
Meanwhile, USTC price is trading at $0.01567, down 12% in a week. The 24-hour trading volume saw a 41% drop in the last 24 hours as uncertainty rose amid BTC selloff by German Government.
#TerraLabs #LUNC✅ #BTC_Bounce_Back_to_57k #BinanceTurns7 #Ton_Coin_Surge
🚨 Terra Faces Hack, Losses Amount to $5 Million
Terra has reportedly suffered a hack, resulting in a $5 million loss. The attack targeted the platform's vulnerabilities, leading to significant financial damage. This incident highlights the ongoing security challenges faced by blockchain projects.
#TerraLabs #Terra
Terra has reportedly suffered a hack, resulting in a $5 million loss. The attack targeted the platform's vulnerabilities, leading to significant financial damage. This incident highlights the ongoing security challenges faced by blockchain projects.
#TerraLabs #Terra
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!
STAY TUNED! 🔥 & Remember, Your Support Is MASSIVELY Appreciated!👍💪 Also Don't Forget To Share It To Your Buddy! 🎅 - DYOR 🙏 NFA.🤝
#LUNAUpdate #LunaTerraClassic #TerraLabs #cryptoalerts
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!
STAY TUNED! 🔥 & Remember, Your Support Is MASSIVELY Appreciated!👍💪 Also Don't Forget To Share It To Your Buddy! 🎅 - DYOR 🙏 NFA.🤝
#LUNAUpdate #LunaTerraClassic #TerraLabs #cryptoalerts
🚨 LUNA Coin's Future: Clifton's Analysis 🚨
Respected analyst Clifton shares insights on LUNA Coin's prospects:
1. Legal Troubles: Do Kwon's guilt confirmed, with compensation claims and potential extradition looming.
1. Leadership Crisis: Terra's core team disbanded, new CEO faces significant challenges.
1. Declining Appeal: Alternatives emerge, reducing Terra's attractiveness.
1. Speculative Upside: Price spikes possible but come with heightened risk.
1. Technical Patterns: Consolidation may end with falling wedge breakout, signaling potential price moves.
Important Reminder:
Crypto investments are risky; always do your own research before investing.
#LUNA🔥🔥🔥 #TerraLabs #DOGSONBINANCE #BNBChainMemecoins #RiskManagement101
1. Legal Troubles: Do Kwon's guilt confirmed, with compensation claims and potential extradition looming.
1. Leadership Crisis: Terra's core team disbanded, new CEO faces significant challenges.
1. Declining Appeal: Alternatives emerge, reducing Terra's attractiveness.
1. Speculative Upside: Price spikes possible but come with heightened risk.
1. Technical Patterns: Consolidation may end with falling wedge breakout, signaling potential price moves.
Important Reminder:
Crypto investments are risky; always do your own research before investing.
#LUNA🔥🔥🔥 #TerraLabs #DOGSONBINANCE #BNBChainMemecoins #RiskManagement101
$LUNC 🌐 Terra Classic’s Sustainability Challenges and Revitalization Plan.
The Terra Classic ($LUNC ) chain faces significant challenges, particularly the sustainability of its 🔮 Oracle Pool, which supports staking income. 📉 Currently, the pool is projected to last only 1.5 to 2 years, raising concerns about operational continuity.
At present, the Oracle Pool holds:
93 billion $LUNC
316.7 million $USTC
These reserves are rapidly depleting, threatening the chain’s stability.
🔥 Key Focus Areas for $LUNC
To secure the chain's future, the community must address the following:
1️⃣ 🔮 Oracle Pool and Community Pool
These reserves are critical for sustaining operations, and the community must implement measures to stabilize them.
2️⃣ 🔥 Burning Excess Supply
A bold proposal suggests burning 60% of the $LUNC supply to reduce oversupply and increase scarcity.
🌟 Plan Highlights:
🗳️ Governance Vote: Implement only with majority community approval.
⚖️ Fair Implementation: Gradual burns to protect smaller holders.
🎁 Incentives: Rewards like staking benefits and exclusive airdrops.
🤝 Exchange Collaboration: Ensure fairness through partnerships.
🚀 Ecosystem Growth: Integrate burns with new use cases and upgrades.
3️⃣ 📊 Price and Validator Stability
The price of $ LUNC must rise to reduce supply pressure. Current prices:
🔼 High: $0.00012689
🔽 Low: $0.00011464
📉 Current: $0.00012571
Without price improvements or supply reduction, validator shortages could arise.
🛠️ The Path Forward
The community must act decisively. The 🔥 60% burn proposal could boost value and scarcity but requires careful planning and consensus. Simultaneously, Oracle Pool reserves must be stabilized to avoid disruptions.
The decisions made today will shape the future of Terra Classic ($LUNC ), ensuring its 🌟 sustainability and 📈 growth. Together, we can secure a brighter future for $LUNC ! 💪.
$LUNC
#Lunc2TheMoonSoon #TerraLabs #TeraLunaClassic
The Terra Classic ($LUNC ) chain faces significant challenges, particularly the sustainability of its 🔮 Oracle Pool, which supports staking income. 📉 Currently, the pool is projected to last only 1.5 to 2 years, raising concerns about operational continuity.
At present, the Oracle Pool holds:
93 billion $LUNC
316.7 million $USTC
These reserves are rapidly depleting, threatening the chain’s stability.
🔥 Key Focus Areas for $LUNC
To secure the chain's future, the community must address the following:
1️⃣ 🔮 Oracle Pool and Community Pool
These reserves are critical for sustaining operations, and the community must implement measures to stabilize them.
2️⃣ 🔥 Burning Excess Supply
A bold proposal suggests burning 60% of the $LUNC supply to reduce oversupply and increase scarcity.
🌟 Plan Highlights:
🗳️ Governance Vote: Implement only with majority community approval.
⚖️ Fair Implementation: Gradual burns to protect smaller holders.
🎁 Incentives: Rewards like staking benefits and exclusive airdrops.
🤝 Exchange Collaboration: Ensure fairness through partnerships.
🚀 Ecosystem Growth: Integrate burns with new use cases and upgrades.
3️⃣ 📊 Price and Validator Stability
The price of $ LUNC must rise to reduce supply pressure. Current prices:
🔼 High: $0.00012689
🔽 Low: $0.00011464
📉 Current: $0.00012571
Without price improvements or supply reduction, validator shortages could arise.
🛠️ The Path Forward
The community must act decisively. The 🔥 60% burn proposal could boost value and scarcity but requires careful planning and consensus. Simultaneously, Oracle Pool reserves must be stabilized to avoid disruptions.
The decisions made today will shape the future of Terra Classic ($LUNC ), ensuring its 🌟 sustainability and 📈 growth. Together, we can secure a brighter future for $LUNC ! 💪.
$LUNC
#Lunc2TheMoonSoon #TerraLabs #TeraLunaClassic
$LUNC can reach $5 already 2026!! 📈🚀
Read the news from #TerraLabs / #TerraEcosystem
#Lunc2TheMoonSoon
Read the news from #TerraLabs / #TerraEcosystem
#Lunc2TheMoonSoon
📣 Terraform Labs, founder Do Kwon likely face $5.3 billion fines on the two year anniversary of the crisis
🔸 Two year anniversary of Do Kwon’s promise to deploy more capital
On May 9, Do Kwon assured the Terraform community that he is deploying more capital to tackle the de-peg of algorithmic stablecoin UST. On May 11, Kwon presented a strategy to re-establish UST’s peg. Kwon’s tweet from 2022 has resurfaced on X.
In the two years since Kwon’s tweet, the US Securities and Exchange Commission (SEC) has asked a New York court to impose $5.3 billion fines on Terraform Labs and founder Do Kwon. The regulator has asked for a hefty penalty for the entities role in the $40 billion implosion of the Terraform ecosystem tokens.
The SEC has asked for $4.74 billion in legally mandated repayment of ill-gotten gains, and another $420 million from Terraform Labs and $100 million from the founder Kwon. The US financial regulator has justified the fines as a “conservative” but reasonable approximation of Terraform Labs and Do Kwon’s gains from the fraud.
The court ruled that the two parties were found liable on civil fraud charges and court documents revealed $65.2 million sales of LUNA to institutional investors. The Luna Foundation Guard sold $1.8 billion of LUNA and UST.
The collapse of the Terraform ecosystem, Kwon’s “ill-gotten gains” and the court fines are the aftermath of the $4 billion implosion in 2022 that tore down the glass houses of several crypto trading firms, lenders and resulted in a series of bankruptcies throughout 2022 and 2023.
🔸 Terra Foundation restricts access to TFL products for US based users
In the light of recent court developments, the Terra Foundation made changes to its operations and announced that it will restrict access to some of its products and features for users in the United States. Open-source projects that TFL contributed to, such as the Terra blockchain and Alliance, remained unaffected.
$LUNC #TerraLabs #DoKwon #LUNC
🔸 Two year anniversary of Do Kwon’s promise to deploy more capital
On May 9, Do Kwon assured the Terraform community that he is deploying more capital to tackle the de-peg of algorithmic stablecoin UST. On May 11, Kwon presented a strategy to re-establish UST’s peg. Kwon’s tweet from 2022 has resurfaced on X.
In the two years since Kwon’s tweet, the US Securities and Exchange Commission (SEC) has asked a New York court to impose $5.3 billion fines on Terraform Labs and founder Do Kwon. The regulator has asked for a hefty penalty for the entities role in the $40 billion implosion of the Terraform ecosystem tokens.
The SEC has asked for $4.74 billion in legally mandated repayment of ill-gotten gains, and another $420 million from Terraform Labs and $100 million from the founder Kwon. The US financial regulator has justified the fines as a “conservative” but reasonable approximation of Terraform Labs and Do Kwon’s gains from the fraud.
The court ruled that the two parties were found liable on civil fraud charges and court documents revealed $65.2 million sales of LUNA to institutional investors. The Luna Foundation Guard sold $1.8 billion of LUNA and UST.
The collapse of the Terraform ecosystem, Kwon’s “ill-gotten gains” and the court fines are the aftermath of the $4 billion implosion in 2022 that tore down the glass houses of several crypto trading firms, lenders and resulted in a series of bankruptcies throughout 2022 and 2023.
🔸 Terra Foundation restricts access to TFL products for US based users
In the light of recent court developments, the Terra Foundation made changes to its operations and announced that it will restrict access to some of its products and features for users in the United States. Open-source projects that TFL contributed to, such as the Terra blockchain and Alliance, remained unaffected.
$LUNC #TerraLabs #DoKwon #LUNC
😱 Whoa, talk about a plot twist in the Terra (LUNA) saga! 🌀 The SEC is bringing the thunder with a hefty $5.3 billion fine thundercloud over Terraform Labs and its co-founder, Do Kwon! ⚡ Looks like they're not playing around when it comes to alleged fraud and deception in the crypto world. 🕵️♂️
The jury's verdict paints a grim picture: Terraform Labs and Kwon allegedly led investors astray about the stability of their algorithmic stablecoin, Terra USD (UST), and the Terra blockchain's potential. 🏴☠️ Now, the SEC is aiming to reel in over $4 billion in "illicit profits" from these murky waters. 💰
According to court documents, the sales figures read like a crypto thriller: from LUNA and MIR to UST, the numbers are staggering! 💸 But amidst the chaos, the SEC claims to have a "conservative but reasonable approach" to reclaiming these ill-gotten gains. 📈
But wait, there's more! The SEC isn't stopping at fines – they're also seeking injunctive relief and a ban on Kwon serving as an officer or director of a public company! 🚫 It's a high-stakes game of legal chess in the crypto realm. ♟️
$LUNA #LUNA #TerraLabs
The jury's verdict paints a grim picture: Terraform Labs and Kwon allegedly led investors astray about the stability of their algorithmic stablecoin, Terra USD (UST), and the Terra blockchain's potential. 🏴☠️ Now, the SEC is aiming to reel in over $4 billion in "illicit profits" from these murky waters. 💰
According to court documents, the sales figures read like a crypto thriller: from LUNA and MIR to UST, the numbers are staggering! 💸 But amidst the chaos, the SEC claims to have a "conservative but reasonable approach" to reclaiming these ill-gotten gains. 📈
But wait, there's more! The SEC isn't stopping at fines – they're also seeking injunctive relief and a ban on Kwon serving as an officer or director of a public company! 🚫 It's a high-stakes game of legal chess in the crypto realm. ♟️
$LUNA #LUNA #TerraLabs
Two years ago this week, the price of Terra's LUNA coin experienced a staggering drop from $119 to just $1. This event shook the cryptocurrency market, causing significant losses for investors and raising concerns about the Terra network's reliability. Analysts and investors closely examined the reasons behind this crash and discussed the impact on the Terra ecosystem and its recovery. Join the conversation to share your thoughts on this noteworthy event. #TerraLabs #LUNA #DoKwon
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😰 Critical New Development in Terra ($LUNA ) and SEC Case: Billion Dollars in Talk
The US Securities and Exchange Commission (SEC) asked the New York court to impose a hefty $5.3 billion fine on Terraform Labs and its co-founder Do Kwon, on the grounds that they were involved in the $40 billion collapse of the Terra (LUNA) ecosystem in 2022.
Terraform Labs and Kwon were convicted on fraud charges earlier this month. A jury in Manhattan found that the company and Kwon deceived investors about the stability of their so-called “algorithmic” native stablecoin, Terra USD (UST), and the use cases of the Terra blockchain.
The SEC, which filed for final judgment two weeks after the conclusion of the hearing, demands that Terraform Labs and Kwon pay damages and precautionary interest in the amount of $ 4.74 billion. Additionally, the regulator is seeking damages totaling $520 million, including $420 million from Terraform Labs and $100 million directly from Kwon.
The SEC justified the total amount in an attached memorandum filed with the court, stating that Kwon and Terraform Labs “obtained over $4 billion in illicit profits (and likely much more) from their illegal conduct.”
According to court documents, LUNA and MIR sales to institutional investors amounted to $65.2 million and $4.3 million, respectively. LUNA and UST sales through Luna Foundation Guard (LFG) totaled $1.8 billion. Additionally, investors purchased $2.3 billion of UST across various cryptocurrency trading platforms between June 2021 and May 2022.
The SEC added that the penalty amount represents a “conservative” but “reasonable approach” to Terraform and Kwon's “ill-gotten gains.”
In addition to the hefty fines, the SEC is also seeking injunctive relief to prevent Kwon and Terraform Labs from committing further securities violations and buying or selling “any cryptoasset securities.” The regulator is also seeking an officer and director ban that would prohibit Kwon from serving as an officer or director of a public company reported by the SEC.
$LUNA #LUNA #TerraLabs
The US Securities and Exchange Commission (SEC) asked the New York court to impose a hefty $5.3 billion fine on Terraform Labs and its co-founder Do Kwon, on the grounds that they were involved in the $40 billion collapse of the Terra (LUNA) ecosystem in 2022.
Terraform Labs and Kwon were convicted on fraud charges earlier this month. A jury in Manhattan found that the company and Kwon deceived investors about the stability of their so-called “algorithmic” native stablecoin, Terra USD (UST), and the use cases of the Terra blockchain.
The SEC, which filed for final judgment two weeks after the conclusion of the hearing, demands that Terraform Labs and Kwon pay damages and precautionary interest in the amount of $ 4.74 billion. Additionally, the regulator is seeking damages totaling $520 million, including $420 million from Terraform Labs and $100 million directly from Kwon.
The SEC justified the total amount in an attached memorandum filed with the court, stating that Kwon and Terraform Labs “obtained over $4 billion in illicit profits (and likely much more) from their illegal conduct.”
According to court documents, LUNA and MIR sales to institutional investors amounted to $65.2 million and $4.3 million, respectively. LUNA and UST sales through Luna Foundation Guard (LFG) totaled $1.8 billion. Additionally, investors purchased $2.3 billion of UST across various cryptocurrency trading platforms between June 2021 and May 2022.
The SEC added that the penalty amount represents a “conservative” but “reasonable approach” to Terraform and Kwon's “ill-gotten gains.”
In addition to the hefty fines, the SEC is also seeking injunctive relief to prevent Kwon and Terraform Labs from committing further securities violations and buying or selling “any cryptoasset securities.” The regulator is also seeking an officer and director ban that would prohibit Kwon from serving as an officer or director of a public company reported by the SEC.
$LUNA #LUNA #TerraLabs
Two years ago this week, Terra's LUNA coin experienced a drastic decline in value, dropping from $119 to just $1. This significant event sent shockwaves through the cryptocurrency market, prompting discussions about the stability of the Terra network. Analysts and investors delved into the causes and aftermath of this crash, sparking debates on the future of the Terra ecosystem and its recovery. Join the conversation in the comments below. #TerraLabs #LUNA #DoKwon
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2 years ago this week, Terra's LUNA coin dropped from $119 to $1. ❗🤯
Two years ago this week, Terra network's native token LUNA experienced a dramatic loss in value. LUNA's price plummeted from its peak of $119 to as low as $1.
This event caused a major shock in the cryptocurrency market and resulted in significant losses for investors. The sudden collapse of LUNA also raised questions about the reliability of the Terra network.
Investors and analysts began to analyze the causes and consequences of this crash. How the Terra ecosystem was affected by this process and the progress of its recovery became a long-debated topic in the cryptocurrency world.
Let's discuss this in the comments. 💬
#TerraLabs #LUNA #DoKwon
Two years ago this week, Terra network's native token LUNA experienced a dramatic loss in value. LUNA's price plummeted from its peak of $119 to as low as $1.
This event caused a major shock in the cryptocurrency market and resulted in significant losses for investors. The sudden collapse of LUNA also raised questions about the reliability of the Terra network.
Investors and analysts began to analyze the causes and consequences of this crash. How the Terra ecosystem was affected by this process and the progress of its recovery became a long-debated topic in the cryptocurrency world.
Let's discuss this in the comments. 💬
#TerraLabs #LUNA #DoKwon