The story of Terra Classic has taken a dramatic turn. In a decisive court ruling, Terraform Labs is required to burn all remaining LUNC in its wallets—a staggering 249 billion tokens have already been destroyed, effectively eliminating Terraform Labs' direct involvement in the project.
From this moment on, $LUNC is fully community-owned, with governance handled transparently via validators and on-chain proposals. No more Do Kwon. No more Terraform Labs. The future now belongs to the community.
However, while this decentralization milestone signals growth and independence, some major investors remain cautious. They're closely watching the outcome of Do Kwon’s ongoing legal battles, with a decisive court ruling expected this December. Encouraging developments from recent hearings hint that the path ahead may be clearing.
Should legal risks dissipate, analysts anticipate: 🚀 Major institutional investments entering the space
🚀 Significant inflows of capital into $LUNC
🚀 A potential surge in the token’s price
For the first time, the fate of LUNC rests squarely in the hands of its global community. With Terraform Labs out of the picture, $LUNC begins a bold, new chapter—fully powered by collective will and decentralized governance.
