LUNA - LUNC 🔥⚖️ Consequences of a Prison Sentence for Do Kwon in the crypto ecosystem.
📉 Impact on the Crypto Ecosystem (Terra/Luna)
End of His Direct Influence: A prison sentence would end any operational or leadership role he may have indirectly retained in the original Terra ecosystem or its successors (such as Terra 2.0 or Luna Classic - $LUNC .
Market Perception: Although Terra projects have already forked and attempted to distance themselves from the events of 2022, the sentence would formalize the severity of the charges to the market.
$LUNA and $LUNC : The price of related cryptocurrencies (LUNA and LUNC) could experience volatility. In the short term, there may be a drop due to negative news, but in the long term, for some, the conclusion of the legal process could be seen as a factor that removes uncertainty (although the reputational damage is permanent)
End of His Direct Influence: A prison sentence would end any operational or leadership role he may have indirectly retained in the original Terra ecosystem or its successors (such as Terra 2.0 or Luna Classic - $LUNC .
Market Perception: Although Terra projects have already forked and attempted to distance themselves from the events of 2022, the sentence would formalize the severity of the charges to the market.
$LUNA and $LUNC : The price of related cryptocurrencies (LUNA and LUNC) could experience volatility. In the short term, there may be a drop due to negative news, but in the long term, for some, the conclusion of the legal process could be seen as a factor that removes uncertainty (although the reputational damage is permanent)
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LUNC
0.00005516
-16.52%