- LUNC surges 14.59% in 24 hours, trading vol up 161% amid Do Kwon’s legal twist.
- Terra Classic market cap hits $1.25B, rallying as extradition uncertainty looms.
- Legal developments fuel LUNC’s 101% monthly growth, and investors eye future potential.
Terra Classic (LUNC) price has been on an uptrend following a Montenegro Court ruling against the extradition of Do Kwon to the US. The reversal has sparked a notable rally, propelling the digital asset to significant gains and capturing the attention of the cryptocurrency community.
Twist in Do Kwon’s Legal Saga
Do Kwon, the founder of Terraform Labs, has found himself potentially avoiding extradition to the United States, as per a recent report. This shift is after a Montenegrin court annulled its original decision, choosing to reconsider the case and render a new judgment.
Do Kwon wins appeal against US extradition $lunc $luna pic.twitter.com/wEiBjBvP25— Lunc_Maxi (@Lunc_Maxi) March 5, 2024
Kwon, who had strongly resisted the extradition, alleging the accusations linked to the collapse of the Terra ecosystem, is still in Montenegro confinement due to a four-month sentence for using falsified documents…
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