📌 Judicial developments concerning the founder of the Terra project/$LUNC
Today, a court ruling was issued against Do Kwon, the founder of the Terra project/$LUNC .
The South Korean court confirmed that LUNC is not a security, which provides some flexibility for the community and developers. However, the criminal cases against him are still ongoing, and the U.S. investigations add more uncertainty and pressure on the project's future.
🔎 Direct impact:
- Trust: The ruling has increased investor concerns about the fate of the currency.
- Price: Negative news has led to volatility and a noticeable decline.
- Community: It is still trying to revive the currency through burning and development plans.
- Law: Acknowledging that it is not a security is an important step, but the legal path remains fraught with challenges.
💡 Summary: The ruling does not mean the end of $LUNC , but it puts it under constant pressure. Its future depends on the strength of the community and development plans, while legal news will continue to impact the price and market confidence.
