Terra Luna Classic Price Prediction as LUNC Sees $100,000,000 Trading Volume Come In

Terra Luna Classic price prediction is bearish; however, buyers still have hope for a bullish reversal above $0.000169, a support level extended by an upward trendline. The cryptocurrency market has recently been harsh to investors, with most cryptocurrencies unable to produce gains.

Timeline of Terra-luna-v2, Terra-luna

A South Korean Court has frozen Terra co-founder, Daniel Shin's US$104 million in digital assets for allegedly violating the capital markets law and breach of duty. CEO Do Kwon tweets he was wrong, not fraudulent.

A South Korean court has approved the prosecution's request to seize assets belonging to Terraform Labs co-founder Shin Hyun-Seong over his role in the collapse of the Terra (LUNA) ecosystem. 

Luna Foundation Guard released a third-party technical audit on 16 November The audit confirmed the absence of impropriety on the part of Terraform Labs and LFG. When Terra crashed, it caused billions of dollars in losses in the crypto world, both personally and for institutions.

A third-party audit report released by JS Held on Nov. 16 revealed that Luna Foundation Guard spent $2.8 billion after the UST de-peg to come out of the debacle. Notably, it has become clear that the reserves were not used to pay back the investors of the project.

Luna Foundation Guard (LFG), the entity behind the collapsed Terra ecosystem, spent $2.8B (80,081 BTC and 49.8M in stablecoins) to defend UST's peg, a new report by London-based third-party auditing firm JS Held has shown.

The Luna Foundation Guard (LFG), nonprofit managing UST algorithmic stablecoin, has released a technical audit to provide full transparency into assets and efforts to repeg TerraUSD (UST) in May. LFG aims to answer all allegations including misappropriated funds, insiders, holdings funds in other wallets, and funds frozen.

Luna Foundation Guard published an audit today by JS Held showing its efforts to defend the UST peg during the May collapse. The post Luna Foundation Guard says it spent $2.8 billion to defend UST peg appeared first on The Block.

A November 9 technical audit report submitted by JS Held revealed the Luna Foundation Guard spent $2.8 billion to defend UST's peg between May 8 and May 12. The post Audit reveals Luna Foundation Guard spent $2.8B to defend UST peg in May appeared first on CryptoSlate.

The NFT sector has been a hot seat for newer projects trying to clinch the number one spot. And it will soon be welcoming a new entrant from the Terra Classic network, rivalling top guns like Polygon NFTs & Flow.

The price of terra luna classic (LUNC) has fallen by 2.5% in the past 24 hours, with the altcoin also down by nearly 30% in the past week, at $0.00017357. The drops come as the fallout from FTX's collapse continues to weigh down the wider market, with LUNC's momentum from early September unable to carry out through a turbulent period for crypto.