๐ฅ Do Kwon Is Out โ Terra Classic ($LUNC) Is Now 100% Community-Owned ๐ฅ
The Terra Classic saga has officially entered a new era. Following a landmark court ruling, Terraform Labs was ordered to burn all remaining LUNC tokens in its possessionโover 249 billion LUNC already destroyed. This marks the end of centralized control and the beginning of true community ownership.
๐ ๏ธ Governance Shift: Power to the People
- No central authority remainsโDo Kwon and Terraform Labs are out.
- All decisions now flow through validators and on-chain governance.
- The upcoming v3.5.0 upgrade (August 15) will reintroduce the Market Module, enhancing LUNC-USTC stability.
โ๏ธ Legal Update: Do Kwon Pleads Guilty
- On August 12, Do Kwon pleaded guilty to two counts of fraud in U.S. federal court.
- He faces up to 12 years in prison, with sentencing set for December 11, 2025.
- Kwon agreed to forfeit $19.3 million and pay restitution to affected investors.
๐ Investor Sentiment & Market Outlook
- Institutional players remain cautious but optimistic.
- If legal clouds clear, analysts expect:
- ๐ Major investor entry
- ๐ Massive capital inflows
- ๐ Potential price breakout
๐ฅ Tokenomics & Community Action
- Over 415 billion LUNC burned to date.
- Community-led burn campaigns continue to reduce supply and support price stability.
๐ง Final Thought
Terra Classic is no longer a fallen empireโitโs a community-powered revival. With centralized actors removed and governance in the hands of its users, $LUNC is writing a new chapter. Whether it becomes a model for decentralized resilience or fades into history will depend on how the community navigates this moment.