Do Kwon, the founder of Terraform Labs, is no longer involved with Terra Classic ($LUNC C). This marks a major shift for the project — one that could define its long-term future.
Why This Matters
Recently, courts ordered Terraform Labs to burn all the $LUNC still held in its wallets. As a result, a staggering 249,692,396,261 LUNC has already been burned. This move signals that Terraform Labs is stepping away completely.
Today, Terra Classic is 100% community-owned.
✅ No central authority
✅ Governance through validators and on-chain proposals
This means the future of $LUNC is in the hands of its community — not Do Kwon, not Terraform Labs.
The Catch
While decentralization is positive, some institutional investors remain cautious. They are waiting for the final outcome of Do Kwon’s ongoing legal battles. Until the legal risks are fully cleared, many large investors prefer to stay on the sidelines.
The Good News
Recent court proceedings are giving what many view as a “green light.” A major ruling expected this December could finally close this long chapter and remove the legal overhang surrounding $LUNC.
If that happens, analysts believe we could see:
🚀 Strong institutional inflows
🚀 Significant capital investment
🚀 Potential price momentum for $LUNC
Key Takeaways
✅ Do Kwon: Out
✅ Terraform Labs: Out
✅ Terra Classic: Community-owned and poised for growth
The stage is set for Terra Classic. The only question left is:
Will you be ready when the next b
ig wave hits?
#LUNC #TerraClassic #Crypto
