LUNA Price News | LUNC Price Prediction | Do Kwon Legal Case
and hello everyone! I hope you’re all doing well.
Today’s focus is on a major development in the legal case of Do Kwon, the founder of Terraform Labs—the company behind the LUNA and LUNC cryptocurrencies. Many in the crypto community still remember the dramatic 2022 collapse, when LUNA’s value dropped from its peak to nearly zero in just a few days, wiping out billions of dollars and leaving countless investors with huge losses.
After the crash, multiple legal actions were launched against Do Kwon across different countries. In 2023, authorities in Montenegro arrested him for attempting to travel with a fake passport. Since then, he has faced ongoing legal battles in both the United States and South Korea, with accusations of fraud and market manipulation.
The latest update is that a U.S. federal judge has scheduled a court hearing for tomorrow. Reports suggest that Do Kwon may change his plea—either admitting guilt or negotiating a plea deal. This is significant news for LUNA and LUNC holders, as any court decision could trigger sharp price movements.
If the verdict is harsh, market sentiment could turn negative, pushing prices down.
If a favorable deal is reached, a short-term recovery in LUNA and LUNC prices might occur.
Investor Tip: Traders should remain cautious, as legal updates like this can bring high volatility and market risk.
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