Do Kwon's Terra Classic (LUNC) Tanks Again: What's Happening?
Terra Classic (LUNC) is once again drawing attention, and not for positive reasons. Known for its long-term volatility and for missing out on the 2025 bull market since early March, LUNC's price is plummeting. The question on everyone's mind is: why has Do Kwon's Terra Classic (LUNC) tanked again?
The Terra Classic Price Forecast: LUNC has experienced notable volatility over the past 24 hours. After a bearish downturn, the price is hovering below the $0.0001 mark, sparking concern and speculation amongst investors.
The Roots of LUNC's Decline
LUNC’s decline can be traced back to May 2025, when the Terra ecosystem collapsed after its algorithmic stablecoin USTC lost its dollar peg and fell below $0.01. The incident wiped out an estimated $40 billion from the market and shattered investor confidence. This foundational crack continues to haunt LUNC.
Is Terra Classic Dead?
That said, while Terra Classic is not technically dead, LUNC is barely alive. Its price performance remains weak, volatility is high, and the deflationary token burns haven’t yet delivered a significant boost. The token continues to struggle to regain any substantial traction.
Do Kwon and the U.S. Court Hearing
Adding to the uncertainty, the next U.S. court hearing involving Do Kwon looms large. The ongoing legal battles and the shadow of the past continue to weigh heavily on LUNC's price and overall sentiment. Investors are understandably hesitant given the risks associated with the project and its founder.
Stay tuned for further updates as the situation unfolds.