The Terra Classic ($LUNC) story has officially entered a new chapter. Courts have ordered Terraform Labs to burn all remaining LUNC tokens in its wallets — and so far, more than 249 billion LUNC have already been destroyed.
This ruling marks the end of Terraform Labs’ control over the project. From now on, $LUNC is 100% community-owned. No central authority. No Do Kwon. No Terraform Labs. Every decision will now be made transparently through validators and on-chain governance proposals.
💡 Why this matters:
For the first time, the future of Terra Classic lies completely in the hands of its global community.
That said, not everyone is jumping in right away. Big investors are still watching closely as Do Kwon’s legal battles continue. A final verdict is expected this December, and early signs from recent hearings are being viewed as positive.
🚀 If legal risks clear, analysts believe this could open the door for:
Major institutional entry
Huge capital inflows
A possible price breakout for $LUNC
With Do Kwon and Terraform Labs gone, Terra Classic stands at a turning point. The question now is: can the community drive $LUNC into its next big rally?
