Analysis: The conviction of Do Kwon – Is it beneficial or detrimental for Terra Classic?
1. Legal pressure relieved — A significant "turning point"
Over the past 2 years, the Terra Classic system has been hanging in the balance due to legal factors related to Do Kwon. His conviction helps to end the uncertainty, reducing systemic risk, especially: • No worries about the possibility of "one fine day" Do Kwon being acquitted and declaring a return to Terra 2.0 or interfering with LUNC. • Creating a more transparent environment for validators, developers, and the community.
⟶ In terms of market psychology: beneficial. ⸻
2. Terra Classic has completely separated from Do Kwon
The Terra Classic system (LUNC/USTC) is now operated by the community, no longer dependent on or related to Do Kwon.
His sentence inadvertently reinforces the narrative that:
“Terra Classic is a self-recovering community project, no longer involving the founder.”
This helps attract a new group of investors who favor “community-driven” projects.
⟶ Beneficial in terms of narrative & communication. ⸻
3. Reduced legal risks for exchanges
Some exchanges have been cautious with LUNC due to concerns related to the Do Kwon lawsuit. Now that everything is clear, the likelihood of: • Re-listing, • Opening margin, • Opening staking, • Or reducing trading restrictions… will be higher.
⟶ This is a positive signal for long-term liquidity. ⸻
4. However: No immediate large impact
The Terra Classic system still needs to truly revive: • Technology updates, • New cash flow, • Real-world applications, • Community unification, • Clear USTC & LUNC burn roadmap.
Do Kwon's conviction does not cause an immediate price pump, but it removes one of the biggest "bottlenecks". ⟶ Positive $LUNC $USTC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.
