๐ฉโโ๏ธ Do Kwon, the co-founder of Terraform Labs, has pleaded guilty in a New York court to conspiracy and fraud charges related to the collapse of TerraUSD in 2022. He admitted misleading investors about system stability and will return only about 10% of lost funds through an SEC settlement. He also relinquished $19.3 million in assets and now faces sentencing in December 2025.
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LUNC Price Action โ Breakout or Correction?
๐ LUNC recently spiked from ~$0.000056 to ~$0.000072, breaking through resistance (around $0.000066โ0.000068) and touching the 1.618 Fibonacci extension near $0.00007236.
โ๏ธ Indicators now show caution: RSI nearing overbought, MACD flattening, and Stoch RSI dippingโsuggesting possible near-term retracement or consolidation. Key levels to watch:
Support: ~$0.0000665
Resistance: ~$0.000078โ0.000081
Watch for breakdown below ~$0.0000630.
๐ LUNC recently spiked from ~$0.000056 to ~$0.000072, breaking through resistance (around $0.000066โ0.000068) and touching the 1.618 Fibonacci extension near $0.00007236.
โ๏ธ Indicators now show caution: RSI nearing overbought, MACD flattening, and Stoch RSI dippingโsuggesting possible near-term retracement or consolidation. Key levels to watch:
Support: ~$0.0000665
Resistance: ~$0.000078โ0.000081
Watch for breakdown below ~$0.0000630.
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Long-Term Forecasts: Slight Upside
๐ Predictions for 2025 suggest average prices near $0.0000617, with a possible high of $0.0000621 by year-end. Some projections extend into the 2030s, estimating a maximum of $0.0000815, but the long-term outlook remains modest.
๐ Predictions for 2025 suggest average prices near $0.0000617, with a possible high of $0.0000621 by year-end. Some projections extend into the 2030s, estimating a maximum of $0.0000815, but the long-term outlook remains modest.
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๐ฑ Recent community activity shows growing efforts to reinforce the LUNC ecosystem. While details are sparse, investor engagement hints at bottom-up initiatives to boost growth.
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Wild Price Drop Sparks Worry
๐ฑ In early February 2025, LUNC dropped nearly 27% in a single day, leading long-time holders to express frustration and doubt. One user lamented, โIโve been holding for 4 years... the light at the end of the tunnel is slowly getting dimmer.โ
๐ฑ In early February 2025, LUNC dropped nearly 27% in a single day, leading long-time holders to express frustration and doubt. One user lamented, โIโve been holding for 4 years... the light at the end of the tunnel is slowly getting dimmer.โ
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Context: Price Predictions for LUNA & LUNC
๐ Analysts expect LUNA (Terra 2.0) could reach $10โ$20 by 2025, citing ecosystem recovery and DeFi growth. LUNC remains far more speculative, with expectations ranging between $0.001 to $0.005โthough still volatile and uncertain.
๐ Analysts expect LUNA (Terra 2.0) could reach $10โ$20 by 2025, citing ecosystem recovery and DeFi growth. LUNC remains far more speculative, with expectations ranging between $0.001 to $0.005โthough still volatile and uncertain.
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A Cautionary Tale โ Terraโs Story
โ ๏ธ The collapse of Terra-LUNA in May 2022 wiped out ~$45 billion in value within days. It triggered a hard fork, creating Terra Classic (LUNC) and the new chain, Terra 2.0 (LUNA). The fallout was a stark lesson in algorithmic stablecoin risks.
โ ๏ธ The collapse of Terra-LUNA in May 2022 wiped out ~$45 billion in value within days. It triggered a hard fork, creating Terra Classic (LUNC) and the new chain, Terra 2.0 (LUNA). The fallout was a stark lesson in algorithmic stablecoin risks.
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(Bonus) Community Burn & Upgrade Notes
Unfortunately, there have been no significant recent updates about burn rates or version upgradesโonly older activity from late 2024 and mid-2023. However, upgrades like v3.3.0 and prior burn campaigns show the communityโs long-term dedication.
Unfortunately, there have been no significant recent updates about burn rates or version upgradesโonly older activity from late 2024 and mid-2023. However, upgrades like v3.3.0 and prior burn campaigns show the communityโs long-term dedication.
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โ ๏ธ Terra Classic (LUNC) fell below key support at $0.0000615, forming a bearish engulfing candle โ a strong sell signal. Within 90 minutes, price dropped ~2.6%, RSI entered oversold territory (<30), and trading volume surged 37% โ confirmation of bearish momentum
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v3.5.0 Upgrade Live with Binance Support
๐ง On August 15, Terra Classic activated its v3.5.0 upgrade with Binanceโs support. The update re-enabled the Market Module to stabilize LUNCโUSTC interactions. Yet, LUNC's price dropped 4.37% immediately after the update
๐ง On August 15, Terra Classic activated its v3.5.0 upgrade with Binanceโs support. The update re-enabled the Market Module to stabilize LUNCโUSTC interactions. Yet, LUNC's price dropped 4.37% immediately after the update
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Legal Closure: Do Kwon Pleads Guilty
๐ฉโโ๏ธ Terra co-founder Do Kwon pleaded guilty and faces up to 12 years in prison. LUNC remains community-run; the market reacted briefly (โ5%) and then regained stability
๐ฉโโ๏ธ Terra co-founder Do Kwon pleaded guilty and faces up to 12 years in prison. LUNC remains community-run; the market reacted briefly (โ5%) and then regained stability
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๐ฎ Forecast ranges for 2025: from $0.000056 up to $0.00041; by 2050, projections go as high as $6 โ extremely speculative with high volatility
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๐ LUNC is trading at $0.000058. Forecast: flat through the week; by 2030, it may reach $0.000074 (approx. +5%)
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๐ LUNC could fall by ~42.8% to $0.000033 by late Sept 2025. Sentiment: bearish; Fear & Greed Index: neutral (48)
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Spike in Trading Volume
๐ LUNCโs 24-hour trading volume surged to $15M (+8.5%), hinting at renewed trading interest
๐ LUNCโs 24-hour trading volume surged to $15M (+8.5%), hinting at renewed trading interest
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