Nearly four years after Do Kwon was imprisoned, there are still community members steadfastly supporting Terra Luna Classic and looking forward to an "epic revival."
According to Decrypt, although Do Kwon, the founder of Terraform Labs, has been sentenced to 15 years in prison for causing the collapse of Terra, which resulted in approximately $40 billion in losses, the abandoned original chain Terra Luna Classic (LUNC) has not disappeared. A group of community members continues to maintain the network, hoping to achieve one of the greatest revivals in the history of the cryptocurrency industry.
The report states that a core community member known by the pseudonym "Vegas" lost about $50,000 during the Terra collapse and has since been involved in operating validation nodes, governance proposals, and developer coordination. He expressed that despite facing long-term internal power struggles and fraud accusations, and even being maliciously reported to the authorities, he still believes LUNC has the potential to return to the top ten in the cryptocurrency industry.
After the Terra collapse in 2022, Terraform Labs launched a new chain, Terra, through a hard fork, while the original chain was retained and renamed Terra Luna Classic. Subsequently, the community organization Terra Rebels took over the maintenance work and launched a series of proposals, including a 1.2% burn tax, in hopes of revitalizing the ecosystem. However, due to disputes over fund allocation and governance, Terra Rebels eventually disbanded, and several developers left one after another.
Despite this, the community continues to advance the development of projects such as lending protocols, games, and meme coins, and attempts to restore the stablecoin peg mechanism. Data shows that LUNC has risen 17.3% in the past year, but has cumulatively fallen 28.7% since 2022, with a decline of 99.99% from its historical high of $119.
Some community members stated that the shared trauma after the collapse has formed a bond similar to "family," and that price is no longer the only goal. "What if we could achieve one of the greatest comebacks in cryptocurrency history? It's like a last-ditch pass." said a community member.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

USS Washington to Replace USS Lincoln in the Middle East Amid Concerns Over Crew Living Conditions

Stablecoin $825M Pre-Deposit Flash Loan, Whale Entrance with $700M Before Official Announcement?

Dessa, Block's AI Voice That Laughs and Cries Like a Human

US Midterm Elections: What is the Optimal Outcome for Bitcoin? "Breakthrough of $90,000 or Collapse Below $70,000"

Five DeFi Projects Under Observation: From Tiered Vaults to On-Chain Perpetual Order Books

Who actually decides if a major crypto update goes ahead?

Kraken wants to be your bank, but who will protect your money?

Bitcoin 0.1 Reconstructed Byte by Byte: Satoshi Nakamoto's Machine Betrayed by Its Executable

XRP: The number of wallets reaches a record 8.24 million

Buying Homes with Cryptocurrency... Ripple Supports High-Value Real Estate Transactions
![[Column] Robinhood Chain: The Meme Coin Craze May Be Over, But Growth Continues](/public-static/075_ade8940e45.png?format=avif)
[Column] Robinhood Chain: The Meme Coin Craze May Be Over, But Growth Continues

Speculation as a Theme of the Last Decade: Focus on Prediction Markets and Perpetual Futures Exchanges = Delphi Digital

Seizure of Cryptocurrency in Criminal Proceedings: New Rules and Unresolved Issues

BCG Study Puts Custody At The Center Of Banks’ Digital Asset Plans

Firedancer makes bounty hunters burn 1 SOL even for duplicate bug reports

Interpol: 1,462 Arrests and Crypto Money Laundering Networks Dismantled in Africa

NYSE’s owner is backing 24/7 stock tokens without Wall Street’s usual price rules

Bitcoin Hashrate Reclaims One Zettahash As Mining Competition Rebounds

Will Anthropic Delay Its 'Super IPO' Amid AI Trading Collapse? The Scheduled Listing Date in Mid-November Approaches

Researcher Reports Flaw in Cake Wallet That Could Divert Bitcoin Payments

Tokenized Stocks: Why 22 Giants Reject OKX and ICE's Plan

Tenstorrent's round accounts for 85.1% of crypto venture capital funding

Trump Prepares for Possible Escalation of Military Actions Against Iran After U.S.-Israel Elections

Crypto: The Pentagon bans its soldiers from betting on Polymarket and Kalshi

Chain Theory Proposes Deriving the Fine Structure Constant Using Quantum Information

Ethereum sees biggest exchange withdrawal in four months as October ETF losses top $1 billion

Wall Street's $359 billion-a-day repo market has found a use for blockchain

Delay of the Glamsterdam Update on Ethereum Postpones Activation on Hoodi

JPMorgan Now Offers Two Tokenized Money Market Funds on Solana





