United

Terra Classic

Terra

Terra Classic (LUNC), Terra USD (USTC) and Terra (LUNA) prices experienced a slight increase with the recent news.
The rises came after Vijesti, a local newspaper based in Montenegro, claimed that the sentence of Do Kwon, the founder of the altcoins in question, would be commuted to house arrest and Kwon would be released.
The Terra (LUNA) ecosystem experienced a collapse in May 2022 and deleted approximately $40 billion worth of assets from the cryptocurrency market. A significant portion of the cryptocurrency world thinks that Do Kwon is a scammer running a Ponzi scheme. Kwon printed billions of additional LUNA tokens to maintain the stability of his stablecoin called UST at $ 1, causing the value of this altcoin to almost zero.
However, Kwon was caught trying to leave Montenegro with a fake passport. Since then, both the United States and South Korea have requested Kwon's extradition, but Montenegrin officials have not yet made a decision. Kwon's lawyers favor extradition to South Korea, where sentences are lighter.
Related News: <a href="https://en.bitcoinsistemi.com/breaking-do-kwon-to-be-released-after-conversion-of-sentence-to-house-arrest/" target="_blank" rel="noopener noreferrer nofollow">BREAKING: Do Kwon to be Released after Conversion of Sentence to House Arrest</a>
<figure id="attachment_138182" aria-describedby="caption-attachment-138182" style="width: 100%" class="wp-caption alignnone"><img fetchpriority="high" decoding="async" class="size-full wp-image-138182" src="https://www.bitcoinsistemi.com/wp-content/uploads/2024/03/LUNAUSDT_2024-03-22_21-50-19.png" alt="" width="1342" height="792">
 <figcaption id="caption-attachment-138182" class="wp-caption-text">
 LUNA fiyatının gelişmenin ardından yaşadığı yükselişi gösteren grafik.
 </figcaption>
</figure>
<figure id="attachment_138183" aria-describedby="caption-attachment-138183" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-138183" src="https://www.bitcoinsistemi.com/wp-content/uploads/2024/03/LUNCUSDT_2024-03-22_21-50-08.png" alt="" width="1342" height="792">
 <figcaption id="caption-attachment-138183" class="wp-caption-text">
 LUNC fiyatının gelişmenin ardından yaşadığı yükselişi gösteren grafik.
 </figcaption>
</figure>
<figure id="attachment_138184" aria-describedby="caption-attachment-138184" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-138184" src="https://www.bitcoinsistemi.com/wp-content/uploads/2024/03/USTCUSDT_2024-03-22_21-49-53.png" alt="" width="1342" height="792">
 <figcaption id="caption-attachment-138184" class="wp-caption-text">
 Graph showing the rise in USTC price following the development.
 </figcaption>
</figure>
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/why-did-luna-lunc-ustc-price-surge-here-are-all-that-is-known/" rel="noopener noreferrer nofollow">Why Did LUNA-LUNC-USTC Price Surge? Here are All That is Known</a>

Why Did LUNA-LUNC-USTC Price Surge? Here are All That is Known

Bitcoin Sistemi EN

Other articles published on Mar 22, 2024

Riot Platforms’ Ambitious $640M Texas Mining Project Faces Community Pushback

Surge in Ripple’s XRP Coin as Major Transactions Stir Market Sentiment

Silvergate Bank Confronts Lawsuit Over Alleged FTX Scam Involvement

Fantom’s FTM token surges over 190% ahead of Sonic upgrade

Estonia advances cryptocurrency regulation bill amidst growing industry concerns

Bullish Flag Pattern Sets Worldcoin Price Rally To $12

Join our free newsletter for daily crypto updates!