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🚀 Terra Luna Classic: LUNC Breaks Out; [Click here to collect free FDUSDT 🤑🎁🤑🎁](https://www.binance.com/en-IN/activity/referral-entry?ref=LIMIT_CB20YNU0&registerchannel=293258088532942848) Bulls Eye 50% Gains After Binance’s token burn and the v3.0.1 upgrade, the LUNC price broke out of a key market structure, with bullish investors aiming for potential 50% gains. Genuine Labs, a Terra Luna Classic development team, upgraded the chain to v3.0.1 on June 2, 2024. The community had been anticipating this upgrade, and LUNC’s price surged on May 30, following the classic “buy the rumor, sell the news” pattern. As of Wednesday during European business hours, LUNC was priced around $0.00012, up 2.2% in 24 hours and 0.6% over the past week. 🔸 Terra Luna Classic’s Bullish Momentum and Potential Price Targets The Terra Luna Classic (LUNC) price is currently trending above the 50-day and 200-day simple moving averages (SMA), indicating a bullish outlook for the asset. Over the past 48 days, the bulls have been in an accumulation zone, forming an ascending triangle. On May 30, 2024, LUNC’s price broke upward and soon retested the upper boundary of the ascending triangle. Now, the price may be preparing to bounce off this resistance-turned-support level. If LUNC rallies higher, it could reach $0.0001760, a 50% increase from its current price. However, the journey upwards might encounter resistance around $0.000136 and $0.000154. In a bearish scenario, LUNC’s price may find support around $0.000105 and $0.00009. 🔸 Future of LUNC Hinges on Community and Legal Developments The price of Terra Luna Classic (LUNC) largely depends on the future direction of the blockchain, driven by the community. Investors are keeping a close watch on the markets, as the lawsuit involving Do Kwon and Terraform Labs could significantly impact LUNC’s price. “There’s been a lot of uncertainty since the end of the trial. Like always with these things I’ve had to stay quiet while I work out the details.” $LUNC #LUNC
🚀 Terra Luna Classic: LUNC Breaks Out;
Click here to collect free FDUSDT 🤑🎁🤑🎁
Bulls Eye 50% Gains
After Binance’s token burn and the v3.0.1 upgrade, the LUNC price broke out of a key market structure, with bullish investors aiming for potential 50% gains.
Genuine Labs, a Terra Luna Classic development team, upgraded the chain to v3.0.1 on June 2, 2024. The community had been anticipating this upgrade, and LUNC’s price surged on May 30, following the classic “buy the rumor, sell the news” pattern. As of Wednesday during European business hours, LUNC was priced around $0.00012, up 2.2% in 24 hours and 0.6% over the past week.
🔸 Terra Luna Classic’s Bullish Momentum and Potential Price Targets
The Terra Luna Classic (LUNC) price is currently trending above the 50-day and 200-day simple moving averages (SMA), indicating a bullish outlook for the asset. Over the past 48 days, the bulls have been in an accumulation zone, forming an ascending triangle.
On May 30, 2024, LUNC’s price broke upward and soon retested the upper boundary of the ascending triangle. Now, the price may be preparing to bounce off this resistance-turned-support level.
If LUNC rallies higher, it could reach $0.0001760, a 50% increase from its current price. However, the journey upwards might encounter resistance around $0.000136 and $0.000154. In a bearish scenario, LUNC’s price may find support around $0.000105 and $0.00009.
🔸 Future of LUNC Hinges on Community and Legal Developments
The price of Terra Luna Classic (LUNC) largely depends on the future direction of the blockchain, driven by the community. Investors are keeping a close watch on the markets, as the lawsuit involving Do Kwon and Terraform Labs could significantly impact LUNC’s price.
“There’s been a lot of uncertainty since the end of the trial. Like always with these things I’ve had to stay quiet while I work out the details.”
$LUNC #LUNC
🔥LUNC TO FILL THE GAP- HOT BULLISH🔥 How long have we talked about LUNC so much that we see it as a normal coin that has no importance? My brother and sister, if you forgot about LUNC, I urge you to buy it when you see this post. Try to watch it the timeframe of the week; it is a very big opportunity if we decide to take an early step to start buying it at this time when it at a low price. Remember, millionaire begins to be created when the market is at a low price. If you have never tasted great profits in cryptos, then it is the right time for you to make the right decisions to buy LUNC. Do you see the attractiveness of this chart below? This gap is waiting for us to fill it in order for us to get enough profit! Consider yourself lucky that you able to read this post and make the decision to buy at this time. Take a good look at this chart below. Also consider this post as not financial advice you need to do your own research 🔬 $LUNC #LUNC
🔥LUNC TO FILL THE GAP- HOT BULLISH🔥

How long have we talked about LUNC so much that we see it as a normal coin that has no importance? My brother and sister, if you forgot about LUNC, I urge you to buy it when you see this post.

Try to watch it the timeframe of the week; it is a very big opportunity if we decide to take an early step to start buying it at this time when it at a low price.

Remember, millionaire begins to be created when the market is at a low price. If you have never tasted great profits in cryptos, then it is the right time for you to make the right decisions to buy LUNC.

Do you see the attractiveness of this chart below? This gap is waiting for us to fill it in order for us to get enough profit!

Consider yourself lucky that you able to read this post and make the decision to buy at this time.

Take a good look at this chart below.

Also consider this post as not financial advice you need to do your own research 🔬

$LUNC #LUNC
Here's my perspective on the cryptocurrency landscape in 2030: - $SHIB : $4 - $PEPE : $25 - $XRP : $1500 - #LUNC : $1772 - #DOGE : $3505 Get Your FDUSD Now You may have encountered some extravagant forecasts circulating on social media regarding these figures. However, these projections appear more like wishful thinking than reliable predictions, resembling something a child might conjure up. To those entering the crypto realm, heed this advice: Approach these ambitious predictions with caution. Achieving these price points by 2030 is a considerable stretch. Conduct thorough research before making any investment decisions. Many newcomers in the crypto space often begin by investing in inactive coins and seeking advice later. Yet, this isn't the wisest approach. Educate yourself first—I speak from experience. I share this guidance to help you navigate common pitfalls. If you've encountered similar hype, let's discuss it. LIKE 🫂FOLLOW 🗳REQUOTE OR RESHARE ⌨️ COMMENT 🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.
Here's my perspective on the cryptocurrency landscape in 2030:

- $SHIB : $4
- $PEPE : $25
- $XRP : $1500
- #LUNC : $1772
- #DOGE : $3505

Get Your FDUSD Now

You may have encountered some extravagant forecasts circulating on social media regarding these figures. However, these projections appear more like wishful thinking than reliable predictions, resembling something a child might conjure up.

To those entering the crypto realm, heed this advice: Approach these ambitious predictions with caution. Achieving these price points by 2030 is a considerable stretch. Conduct thorough research before making any investment decisions.

Many newcomers in the crypto space often begin by investing in inactive coins and seeking advice later. Yet, this isn't the wisest approach. Educate yourself first—I speak from experience.

I share this guidance to help you navigate common pitfalls. If you've encountered similar hype, let's discuss it.

LIKE 🫂FOLLOW 🗳REQUOTE OR RESHARE
⌨️ COMMENT

🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.
LIVE
--
Bullish
$LUNC Bravoo! LUNC lover Terra Classic (LUNC) Price Prediction: Bullish Rebound Expected! 12% Surge Expected in 3 Days, Reaching $0.000132 - Technical Analysis_ Current Price: $0.000118 Predicted Prices: - June 5, 2024: $0.000122 (3% increase) - June 6, 2024: $0.000128 (8% increase) - June 7, 2024: $0.000132 (12% increase) Reasons: - LUNC's price has formed a bullish hammer pattern, indicating a potential reversal. - Increasing buying pressure and trading volume. - Strong technical indicators, such as RSI and MACD, suggest a continued uptrend. _Fundamental Analysis:_ - Terra Classic is a decentralized, open-source blockchain protocol. - LUNC is the native cryptocurrency of the Terra Classic ecosystem. - The Terra Classic community is actively working on development and adoption. - LUNC has a large market capitalization of $627 million and a 24-hour trading volume of $13 million. Reference: - Technical Analysis by TradingView - Terra Classic's Trading Volume and Market Data - CoinMarketCap - CoinDesk Note: Cryptocurrency prices are highly volatile and subject to rapid fluctuations. This prediction should not be considered as investment advice. DYOR #LUNC #Megagrop #writetoearn #writetowin #BinanceLaunchpool
$LUNC
Bravoo! LUNC lover
Terra Classic (LUNC) Price Prediction: Bullish Rebound Expected! 12% Surge Expected in 3 Days, Reaching $0.000132 - Technical Analysis_

Current Price: $0.000118

Predicted Prices:

- June 5, 2024: $0.000122 (3% increase)
- June 6, 2024: $0.000128 (8% increase)
- June 7, 2024: $0.000132 (12% increase)

Reasons:

- LUNC's price has formed a bullish hammer pattern, indicating a potential reversal.
- Increasing buying pressure and trading volume.
- Strong technical indicators, such as RSI and MACD, suggest a continued uptrend.

_Fundamental Analysis:_

- Terra Classic is a decentralized, open-source blockchain protocol.
- LUNC is the native cryptocurrency of the Terra Classic ecosystem.
- The Terra Classic community is actively working on development and adoption.
- LUNC has a large market capitalization of $627 million and a 24-hour trading volume of $13 million.

Reference:

- Technical Analysis by TradingView
- Terra Classic's Trading Volume and Market Data
- CoinMarketCap
- CoinDesk

Note: Cryptocurrency prices are highly volatile and subject to rapid fluctuations. This prediction should not be considered as investment advice.
DYOR
#LUNC
#Megagrop
#writetoearn
#writetowin
#BinanceLaunchpool
Terra Luna Classic (LUNC) Update LUNC breaks out of key market structure, eyes 50% gains. Price up 2.2% in 24 hours, 0.6% over the past week. Bullish momentum builds, with potential targets at $0.000136, $0.000154, and $0.0001760. Community awaits update from Terra Money CEO Chris Amani, which could impact price. #TerraLunaClassic #LUNC #altcoins #StartInvestingInCrypto $LUNC
Terra Luna Classic (LUNC) Update

LUNC breaks out of key market structure, eyes 50% gains. Price up 2.2% in 24 hours, 0.6% over the past week. Bullish momentum builds, with potential targets at $0.000136, $0.000154, and $0.0001760. Community awaits update from Terra Money CEO Chris Amani, which could impact price. #TerraLunaClassic #LUNC #altcoins #StartInvestingInCrypto $LUNC
🚀 Terra Luna Classic Plans Major Upgrade The Terra Luna Classic (LUNC) community is gearing up for the much-anticipated v3.0.1 upgrade, set to commence within a few hours. According to community member Bay Diamondhandz1, the upgrade could lead to a temporary suspension of the LUNC chain. 🔸 What Changes Will the Upgrade Bring? This significant upgrade follows a near-unanimous decision by the Terra Luna Classic community. Garnering 99.9% approval from both members and validators, the proposal by the Terra Luna Classic Layer 1 development team, Original Labs, includes major updates like SDK 47 and other essential blockchain enhancements. Despite this positive development, LUNC’s price dropped by 2.95% to $0.0001163 in the last 24 hours, according to data from 21milyon.com. Analysts are puzzled by this decline, as such news usually spurs a positive price reaction. 🔸 Why Is the Market Reacting Differently? Interestingly, the market has shown positive sentiment following an agreement between the United States Securities and Exchange Commission (SEC), Terraform Labs, and Do Kwon. Observers have noted the favorable outlook towards Terra tokens amid this news. According to a new LUNC report, the positive sentiment from the SEC agreement has led to price predictions aiming for a $1 target. The v3.0.1 upgrade protocol will require validators to replace the old binary file with the new one, aiming to enhance the Terra network’s performance and operations. 🔸 Key Insights for Investors – The v3.0.1 upgrade is critical for LUNC’s blockchain improvements. – Market reaction to the upgrade news has been unexpectedly negative. – Positive sentiment is observed due to the SEC agreement involving Terraform Labs and Do Kwon. – Binance‘s support through token burns is significant for LUNC’s price recovery. In its recovery efforts, Terra Luna Classic has seen Binance, the world’s largest cryptocurrency exchange, burn a staggering 1.35 billion tokens as part of its internal LUNC support mechanism. $LUNC #LUNC #TerraLunaClassic {spot}(LUNCUSDT)
🚀 Terra Luna Classic Plans Major Upgrade

The Terra Luna Classic (LUNC) community is gearing up for the much-anticipated v3.0.1 upgrade, set to commence within a few hours. According to community member Bay Diamondhandz1, the upgrade could lead to a temporary suspension of the LUNC chain.

🔸 What Changes Will the Upgrade Bring?

This significant upgrade follows a near-unanimous decision by the Terra Luna Classic community. Garnering 99.9% approval from both members and validators, the proposal by the Terra Luna Classic Layer 1 development team, Original Labs, includes major updates like SDK 47 and other essential blockchain enhancements.

Despite this positive development, LUNC’s price dropped by 2.95% to $0.0001163 in the last 24 hours, according to data from 21milyon.com. Analysts are puzzled by this decline, as such news usually spurs a positive price reaction.

🔸 Why Is the Market Reacting Differently?

Interestingly, the market has shown positive sentiment following an agreement between the United States Securities and Exchange Commission (SEC), Terraform Labs, and Do Kwon. Observers have noted the favorable outlook towards Terra tokens amid this news.

According to a new LUNC report, the positive sentiment from the SEC agreement has led to price predictions aiming for a $1 target. The v3.0.1 upgrade protocol will require validators to replace the old binary file with the new one, aiming to enhance the Terra network’s performance and operations.

🔸 Key Insights for Investors

– The v3.0.1 upgrade is critical for LUNC’s blockchain improvements.

– Market reaction to the upgrade news has been unexpectedly negative.

– Positive sentiment is observed due to the SEC agreement involving Terraform Labs and Do Kwon.

– Binance‘s support through token burns is significant for LUNC’s price recovery.

In its recovery efforts, Terra Luna Classic has seen Binance, the world’s largest cryptocurrency exchange, burn a staggering 1.35 billion tokens as part of its internal LUNC support mechanism.

$LUNC #LUNC #TerraLunaClassic
AA - Terra Classic v3.0.1 Upgrade Initiates Temporary Chain Halt, #LUNC Price Reaction Mixed $LUNC Read More: https://altcoinsanalysis.com/terra-classic-v3-0-1-upgrade-initiates-temporary-chain-halt-lunc-price-reaction-mixed/ {spot}(LUNCUSDT)
AA - Terra Classic v3.0.1 Upgrade Initiates Temporary Chain Halt, #LUNC Price Reaction Mixed
$LUNC

Read More: https://altcoinsanalysis.com/terra-classic-v3-0-1-upgrade-initiates-temporary-chain-halt-lunc-price-reaction-mixed/
Announcement to the community 🎤 🔥 #FLOKI? Is significantly increasing day by day, it’s good idea to invest on it. $FLOKI $DOGE $SHIB #LUNC #Dyor2024
Announcement to the community 🎤
🔥 #FLOKI?

Is significantly increasing day by day, it’s good idea to invest on it.

$FLOKI
$DOGE
$SHIB

#LUNC

#Dyor2024
Terra Luna Classic Votes On LUNC Payout Proposal Claim Instant $200 USD Worth of 200,000 DUNKI MUNKI Memecoins Free On WWW.DUNKIMUNKI.XYZ Terra Luna community approves a major LUNC fund proposal with a 99.98% vote, signaling strong support for future growth. HIGHLIGHTS The Terra Luna Classic community voted with 99.98% approval to support the Genuine Labs Community Spend Proposal on June 3, 2024. The approved proposal will allocate over 256 million LUNC to fund development projects that enhance the ecosystem's innovation and sustainability. Following the voting outcomes, the price of Terra Luna's native token, LUNA, increased by 1.68%. The Terra Luna Classic community has overwhelmingly supported the Genuine Labs Community Spend Proposal. On June 3, 2024, the proposal achieved a 99.98% approval rate, with virtually no opposition. This vote is expected to significantly influence the future trajectory of the Terra Luna Classic network. The community’s approval of the proposal to allocate 256,410,256 LUNC for development projects marks a pivotal moment for Terra Luna Classic. This fund is designated to foster innovation and sustainability within the ecosystem. The voter turnout was notably high, with 84.2 billion votes cast, representing a substantial portion of the total voting power. This robust participation underscores the community’s strong interest and confidence in Genuine Labs’ strategic direction for the platform. Moreover, this near-unanimous decision reflects a collective optimism toward enhancing the network’s capabilities. The community’s backing is a nod to potential growth and a commitment to the platform’s long-term viability. Such support is crucial as it empowers developers to undertake projects that can introduce new functionalities and improve the overall ecosystem. #Megadrop #MtGox #GameStop #EthereumETF #LUNC $LUNC $USTC $LUNA
Terra Luna Classic Votes On LUNC Payout Proposal

Claim Instant $200 USD Worth of 200,000 DUNKI MUNKI Memecoins Free On WWW.DUNKIMUNKI.XYZ

Terra Luna community approves a major LUNC fund proposal with a 99.98% vote, signaling strong support for future growth.

HIGHLIGHTS

The Terra Luna Classic community voted with 99.98% approval to support the Genuine Labs Community Spend Proposal on June 3, 2024.

The approved proposal will allocate over 256 million LUNC to fund development projects that enhance the ecosystem's innovation and sustainability.

Following the voting outcomes, the price of Terra Luna's native token, LUNA, increased by 1.68%.

The Terra Luna Classic community has overwhelmingly supported the Genuine Labs Community Spend Proposal.

On June 3, 2024, the proposal achieved a 99.98% approval rate, with virtually no opposition. This vote is expected to significantly influence the future trajectory of the Terra Luna Classic network.

The community’s approval of the proposal to allocate 256,410,256 LUNC for development projects marks a pivotal moment for Terra Luna Classic.

This fund is designated to foster innovation and sustainability within the ecosystem.

The voter turnout was notably high, with 84.2 billion votes cast, representing a substantial portion of the total voting power.

This robust participation underscores the community’s strong interest and confidence in Genuine Labs’ strategic direction for the platform.

Moreover, this near-unanimous decision reflects a collective optimism toward enhancing the network’s capabilities.

The community’s backing is a nod to potential growth and a commitment to the platform’s long-term viability.

Such support is crucial as it empowers developers to undertake projects that can introduce new functionalities and improve the overall ecosystem.

#Megadrop #MtGox #GameStop #EthereumETF #LUNC $LUNC $USTC $LUNA
Predicted Terra Classic (LUNC) Price for 30 June 2024Terra Classic (LUNC), currently trading at $0.0001185, has seen a slight decrease of 2.97% in the last 24 hours. Looking ahead to June, predictions from ChatGPT suggest a bullish trend for LUNC. The AI forecasts a potential 110.9% increase in LUNC’s price, projecting it to reach $0.00025 by June 30, 2024. Factors Affecting Terra Classic (LUNC) Price Prediction The recent prediction for Terra Classic (LUNC) to reach $0.00021439 highlights several significant factors. Firstly, the projected increase signals a potential surge in investor interest and overall market sentiment towards LUNC. This swift potential price movement could be impactful given the short timeframe involved. However, it’s crucial to note that predictions like these are not financial advice, as highlighted by ChatGPT. The cryptocurrency market’s volatility can lead to unexpected price fluctuations, influenced by numerous factors. One major determinant is market sentiment, which plays a pivotal role in shaping LUNC’s trajectory. Positive sentiment often triggers buying trends, driving prices higher, while negative sentiment can lead to sell-offs and price declines. Additionally, regulatory changes pose another potential influence. With the upcoming U.S. presidential election, the landscape for cryptocurrency regulation could shift, impacting market dynamics in the coming weeks or months. Moreover, adoption remains critical for LUNC’s success. Increased utility of LUNC in real-world applications such as payments or decentralized applications (dApps) can boost demand and potentially drive price appreciation. Conversely, a lack of adoption or declining usage could dampen investor confidence and lead to price declines. These factors collectively underscore the complex interplay of influences on cryptocurrency prices like LUNC. Upcoming Upgrades and Investor Interest in Terra Classic (LUNC) The developers and community behind Terra Classic (LUNC) are actively implementing new upgrades aimed at bolstering the ecosystem’s recovery. A recent announcement of an imminent crucial upgrade has sparked investor interest, leading to a slight price uptick. This development suggests that the upcoming upgrade could play a pivotal role in revitalizing LUNC’s market performance. In addition to these developments, ChatGPT’s prediction provides a potential gauge of investor confidence and the likelihood of a significant price surge in the upcoming month. Investors are closely monitoring these developments to see if LUNC can achieve ChatGPT’s projected target, reflecting heightened anticipation and market sentiment surrounding the cryptocurrency. ⚠️Disclaimer This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader. #TerraClassic #LUNC

Predicted Terra Classic (LUNC) Price for 30 June 2024

Terra Classic (LUNC), currently trading at $0.0001185, has seen a slight decrease of 2.97% in the last 24 hours. Looking ahead to June, predictions from ChatGPT suggest a bullish trend for LUNC.
The AI forecasts a potential 110.9% increase in LUNC’s price, projecting it to reach $0.00025 by June 30, 2024.
Factors Affecting Terra Classic (LUNC) Price Prediction
The recent prediction for Terra Classic (LUNC) to reach $0.00021439 highlights several significant factors. Firstly, the projected increase signals a potential surge in investor interest and overall market sentiment towards LUNC. This swift potential price movement could be impactful given the short timeframe involved.
However, it’s crucial to note that predictions like these are not financial advice, as highlighted by ChatGPT. The cryptocurrency market’s volatility can lead to unexpected price fluctuations, influenced by numerous factors. One major determinant is market sentiment, which plays a pivotal role in shaping LUNC’s trajectory. Positive sentiment often triggers buying trends, driving prices higher, while negative sentiment can lead to sell-offs and price declines.
Additionally, regulatory changes pose another potential influence. With the upcoming U.S. presidential election, the landscape for cryptocurrency regulation could shift, impacting market dynamics in the coming weeks or months.
Moreover, adoption remains critical for LUNC’s success. Increased utility of LUNC in real-world applications such as payments or decentralized applications (dApps) can boost demand and potentially drive price appreciation. Conversely, a lack of adoption or declining usage could dampen investor confidence and lead to price declines. These factors collectively underscore the complex interplay of influences on cryptocurrency prices like LUNC.
Upcoming Upgrades and Investor Interest in Terra Classic (LUNC)
The developers and community behind Terra Classic (LUNC) are actively implementing new upgrades aimed at bolstering the ecosystem’s recovery. A recent announcement of an imminent crucial upgrade has sparked investor interest, leading to a slight price uptick. This development suggests that the upcoming upgrade could play a pivotal role in revitalizing LUNC’s market performance.
In addition to these developments, ChatGPT’s prediction provides a potential gauge of investor confidence and the likelihood of a significant price surge in the upcoming month. Investors are closely monitoring these developments to see if LUNC can achieve ChatGPT’s projected target, reflecting heightened anticipation and market sentiment surrounding the cryptocurrency.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#TerraClassic #LUNC
Do Kwon and Terraform Labs Agree to Settle SEC Fraud Charges Claim Instant $200 USD Worth of 200,000 DUNKI MUNKI Memecoins Free On WWW.DUNKIMUNKI.XYZ Singapore-based Terraform Labs and its Founder, Do Kwon, have reached a tentative settlement with the U.S. Securities and Exchange Commission (SEC). The SEC had sued them for allegedly misleading cryptocurrency investors before the 2022 collapse of the stablecoin TerraUSD. The agreement, disclosed on a court website, follows a jury finding Kwon and Terraform Labs liable on civil fraud charges at a trial in April. The SEC accused Terraform Labs and Kwon of misleading investors in 2021 about the stability of TerraUSD, which was designed to maintain a value of $1. Additionally, the regulator alleged that Terraform falsely claimed its blockchain was used in a popular Korean mobile payment app. These accusations were central to the SEC’s case, which resulted in significant fines and penalties being sought. #LUNC #USTC #LUNA #Bitcoin #Ethereum $LUNC $USTC $BTC
Do Kwon and Terraform Labs Agree to Settle SEC Fraud Charges

Claim Instant $200 USD Worth of 200,000 DUNKI MUNKI Memecoins Free On WWW.DUNKIMUNKI.XYZ

Singapore-based Terraform Labs and its Founder, Do Kwon, have reached a tentative settlement with the U.S. Securities and Exchange Commission (SEC).

The SEC had sued them for allegedly misleading cryptocurrency investors before the 2022 collapse of the stablecoin TerraUSD.

The agreement, disclosed on a court website, follows a jury finding Kwon and Terraform Labs liable on civil fraud charges at a trial in April.

The SEC accused Terraform Labs and Kwon of misleading investors in 2021 about the stability of TerraUSD, which was designed to maintain a value of $1.

Additionally, the regulator alleged that Terraform falsely claimed its blockchain was used in a popular Korean mobile payment app.

These accusations were central to the SEC’s case, which resulted in significant fines and penalties being sought.

#LUNC #USTC #LUNA #Bitcoin #Ethereum $LUNC $USTC $BTC
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