$LUNA and $LUNC have been hammered due to stablekwon's legal troubles
following the crash of the project, Kwon seemingly downplayed the possibility of facing jail time, simply replying that"life is long." He also signaled his intention to remain in the cryptocurrency industry despite suffering a huge reputational hit.
In May, Kwon launched Terra 2.0 to start his project from scratch without an algorithmic stablecoin. Earlier this September, the new LUNA token pumped by more than 200% within hours during a massive speculating frenzy. The massive price uptick was not driven by any bullish announcements. LUNC, the token behind the old Luna Classic blockchain, also went on a wild rally because of a new token burn scheme that would reduce its gargantuan supply.hype wave have been left in the dust once again.
However, given how the cryptocurrency market is completely divorced from fundamentals, one should not rule out that Terra may catch a third wind.
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