A recent court ruling has forced Terraform Labs to burn all remaining LUNC (Terra Classic) tokens left in its wallets, resulting in over 249 billion LUNC destroyed by August 18, 2025. This landmark decision officially ends Terraform Labs’ direct involvement in the project and transitions Terra Classic ($LUNC) to full community ownership, with future governance now controlled entirely by its global community through validators and on-chain proposals.

As a result, LUNC is now fully decentralized, with no central entity or founder (including Do Kwon or Terraform Labs) retaining any authority over the network. While this is seen as a positive step for long-term decentralization, some large investors remain cautious, watching for the final outcome of Do Kwon’s ongoing legal battles. A final ruling in that case is expected in December 2025, which could further shape institutional interest and price momentum for LUNC.

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