Big Day for LUNA & LUNC – Do Kwon Court Update

$LUNA $LUNC

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Today’s update is about Do Kwon — the founder of Terraform Labs, the company that created LUNA and LUNC. As many of you remember, in 2022, LUNA had a historic crash — the price dropped from the top to almost zero in just a few days, causing huge losses for investors.

After the crash, legal cases started piling up against Do Kwon in multiple countries. In 2023, he was arrested in Montenegro for trying to travel with a fake passport. Since then, he’s been facing charges in both the USA and South Korea, with allegations of fraud and market manipulation.

Now, the latest news is that tomorrow a U.S. federal judge will hold a court hearing for Do Kwon. In this hearing, he might change his plea agreement — which is basically when someone declares whether they are guilty or not and sometimes negotiates a deal with the court.

Why is this important for $LUNA and $LUNC holders? Because a strong court decision can make the price move quickly. If the decision is negative, prices might drop sharply. But if a deal is made and the market sees it positively, we could see a small recovery.

⚠️ Reminder for traders: Legal updates like this bring high volatility. Trade carefully.

#LUNA #DoKwon #Blockchain