Terra Classic (LUNC) is entering a completely new chapter. Courts have ordered Terraform Labs to burn all remaining LUNC in its wallets, and so far, more than 249 billion tokens have already been destroyed. This effectively ends Terraform Labs’ control over the project.
LUNC is now fully community-owned. There’s no central authority, no Do Kwon, and no Terraform Labs—just a decentralised network where decisions are made through validators and on-chain governance. The community now has full control over the direction of the project.
That said, some large investors remain cautious, closely watching the ongoing legal battles surrounding Do Kwon, with a major ruling expected in December 2025. Recent updates from the courts seem to be leaning in a positive direction, and if the situation clears up, analysts expect renewed interest, significant inflows of capital, and the possibility of a strong price rally for LUNC.
For the first time, the future of LUNC rests entirely in the hands of its global community. With Terraform Labs out of the picture, a new era begins—and the next steps will be shaped by the people who believe in it.