Do Kwon Is Out — What’s Next for Terra Classic ($LUNC )?
The Terra Classic ($LUNC) ecosystem has officially entered a new phase. Recent court rulings have ordered Terraform Labs to burn all LUNC tokens held in its wallets. So far, over 249,692,396,261 LUNC have been burned, signaling the company’s exit from direct involvement.
This marks a significant milestone:
✅ No central authority
✅ 100% community-owned
✅ Governance driven by validators and on-chain proposals
In other words, the future of LUNC now lies entirely in the hands of its community—not Do Kwon, not Terraform Labs.
That said, some institutional investors remain cautious, awaiting the resolution of Do Kwon’s ongoing legal proceedings. Many view legal clarity as the final step before committing substantial capital. Encouragingly, recent court developments are being seen as favorable, with a major ruling expected this December.
Analysts suggest that if the case closes and legal risks are cleared, the implications could be significant:
🚀 Increased investor confidence
🚀 Potential influx of institutional capital
🚀 Strong upward momentum for $LUNC
In summary:
Do Kwon = Out
Terraform Labs = Gone
Terra Classic = A fully community-driven ecosystem, awaiting its next chapter
The question now is: will LUNC seize this opportunity when the moment arrives?
