Latest News

The Terra Luna Classic community is celebrating a momentous achievement as they reach a significant milestone in their ongoing efforts to reduce the circulating supply of LUNC tokens. Since the May 2022 Terra-LUNA Crisis and the subsequent separation of the chain from TFL by Do Kwon, the community has taken up the responsibility of managing the Terra Luna Classic ecosystem and steering it towards long-term success.

The total LUNC burned by the Terra Luna Classic community reaches 70 billion, hitting another milestone in the community's efforts to reduce the circulating supply of LUNC since May 18, 2022. The world's largest crypto exchange Binance has burned almost 36 billion LUNC, contributing over 50% to the total LUNC burned until now.

In the ever-evolving world of cryptocurrencies, the Terra Luna Classic community faces a pressing issue concerning the return of 800 million USTC from the Ozone Protocol project. Spearheaded by Do Kwon, the founder of the Terra blockchain, the Ozone Protocol has encountered setbacks, prompting community members to demand the retrieval of the substantial USTC sum.

Over the past four months, a downsloping trendline has been constantly hammering the LUNC price with dynamic resistance. The daily chart shows three rejections from this trendline indicating the traders are actively selling at this level.

The crypto community was abuzz with excitement when the core developer of Terra Luna Classic, Joint L1 Task Force (L1TF), proposed the creation of a community-owned wallet. Interestingly, this proposal coincided with the token's price reaching its weekly high, indicating a positive sentiment among investors.

LUNC News: Terra Luna Classic core developer Joint L1 Task Force (L1TF) on Friday said it has collaborated with Hexxagon, a validator and a team of developers. The community has mixed reactions about the collaboration due to Hexxagon having links to the developer group Terra Rebels, which the community doesn't trust.

The Terra Luna Classic (LUNC) community may be on the cusp of a significant price rally, buoyed by the positive price breakout pattern the token has been exhibiting recently.

Crypto News: The Terra Luna Classic (LUNC) community could be up for a price rally, going by the price breakout pattern the token is following lately. Last week, CoinGape reported that Terra Luna Classic core developer Joint L1 Task Force (L1TF) recommended that a community owned wallet be created.

The Terra Luna Classic community is currently engaged in a pivotal discussion that could shape the future direction of the project. At the heart of the debate lies the fate of 800 million USTC tokens residing on the Ozone Protocol chain.

Terra Luna Classic community's prominent member Vegas proposes the return of 800 million USTC tokens from a wallet linked to Ozone Protocol to the Terra Luna Classic community pool. However, some prominent members such as Alex Forshaw believes these tokens should be sent to burn address rather than returned to the community pool.

On July 24, Arkham Intel Exchange, a platform with a specific focus on investigating blockchain, announced that they have received their inaugural submission concerning wallet addresses. The submission is directly associated with Do Kwon and Terraform Labs, marking an intriguing start for the service.

As the freshly appointed interim CEO of Terraform Labs, Chris Amani is staring down a steep ascent. His biggest obstacle?

LUNC News: Terra Luna Classic validator Happy Catty Crypto has come up with another proposal after the community passed a revised proposal to build a community-owned Station wallet by core developer Joint L1 Task Force. The new proposal aims to increase governance and decentralization transition from Agora to Commonwealth.

The submission by two "on-chain sleuths" includes evidence of wallets owned by Kwon and Terra.

Arkham Intelligence, a crypto data provider, has disclosed crucial information regarding the crypto holdings and wallet activity of Terraform Labs and its founder, Do Kwon. The revelation came from an anonymous sleuth and renowned crypto analyst, ErgoBTC.

The highly controversial Arkham Intel Exchange has approved its first-ever bounty hunt, with crypto sleuths set to go after crypto wallets belonging to Terra co-founder Do Kwon. With Do Kwon currently languishing in a Montenegrin jail, crypto users have long been trying to seek out any information regarding his crypto wallets.

Arkham Intel Exchange on Monday said two blockchain sleuths had won the bounty for new evidence of wallets owned by Terraform Labs and its imprisoned co-founder Kwon Do-hyeong.

Arkham Intel Exchange has awarded a bounty for submitting evidence of a wallet associated with Do Kwon and Terraform Labs. The platform awarded 9,519 ARKM to the bounty hunters.

In a surprising revelation, an early contributor to the Terra Classic (LUNC) protocol, Tobias Andersen, has come forward with a bold claim that a single actor is sabotaging the token's growth. This alleged manipulation has led to doubts about LUNC's potential to regain its former value.

The first-ever bounty hunt has been facilitated by the Arkham Intel Exchange, a platform that uses a bounty system to encourage users to discover on-chain data which launched on July 10.

Key Points: Arkham Intel Exchange has proudly announced its first approved submission: a treasure trove of evidence shedding light on the wallets owned by Do Kwon, the visionary mind behind Terraform Labs.

Terra co-founder Do Kwon is currently in Montenegrin prison as the platform remains under scrutiny in South Korea, but crypto users continue to seek out information on wallets.

The payout for the approved bounty submission is 9,519.26 ARKHM, which is worth $4,950.

One of the early Terra Classic (LUNC) developers, Tobias Andersen, made a bold claim that might explain why the protocol is seeing a limited growth pace. The Alleged LUNC Sabotage According to Tobias, LUNC's potential to grow back to a price of $1 is unlikely compared to the likelihood of the token touching 0.