#Terraclassic Terra Classic is gearing up for a significant event related to its founder, Do Kwon. On June 25, an interim hearing will take place in the US regarding fraud charges against him. This preliminary hearing will focus on procedural matters, such as evidence examination and witness testimonies. A final verdict isn't expected until the sentencing hearing in February 2026.

*Recent Developments in Terra Classic:*

- *Parity Upgrade*: Terra Classic developer L1TF announced the official date for the CosmWasm v1.1.0 upgrade, which was initially planned for May 31 but was pushed to June 14 to allow for additional testing. This upgrade aims to bring Terra Classic to parity with other blockchains like Cosmos and Terra 2.0.

- *Revival Plans*: Six engineers, known as the "Six Samurai," are working on a revival plan for the Terra Classic ecosystem, aiming to break away from Do Kwon's legacy and rebuild the project.

- *Token Burns*: Terra Classic has been burning tokens, with a recent proposal to reinstate the 1.2% burn tax and increase staking rewards. This could potentially boost the token's value.

- *Price Movement*: Terra Classic's token, LUNC, has seen fluctuations in price, with recent surges and declines. The token's price is currently around $0.000248, with some predictions suggesting potential gains ¹ ² ³.

*What's Next for Terra Classic?*

The outcome of the interim hearing and the sentencing hearing in February 2026 will likely impact the project's future. Meanwhile, the Terra Classic community is working on reviving the ecosystem and exploring new opportunities ⁴.