🔍 $LUNC Update: Legal Process & Community Standpoint
Assets connected to Terraform Labs (TFL), including LUNC, are currently undergoing formal valuation as part of an ongoing court-managed insolvency process. These holdings are being assessed and gradually liquidated under judicial oversight, with the primary goal of repaying outstanding creditor claims.
At the same time, the LUNC community is pushing back strongly against any action that could overwhelm the open market. Instead of large-scale sell-offs, community members are urging decision-makers to explore alternatives such as token redirection, controlled handling, or permanent destruction (burns) to minimize market disruption and protect long-term ecosystem value.
The outcome of these decisions could play a critical role in shaping LUNC’s future supply dynamics and investor confidence.