Terra Classic (LUNC) and USTC are seeing reassuring demonstrations as federal prosecutors pursue Sam Bankman-Fried for the Terra-LUNA problem.
After suffering from severe FUD after Terraform Labs stopped supporting Terra Station, which threatened Terra Classic's viability, the community has recovered.
For the Terra-LUNA crisis, Terra Classic (LUNC) and USTC are witnessing reassurance demonstrations.
The community has finally recovered life after suffering from severe FUD as a result of Terraform Labs ceasing support for Terra Station, which threatened the viability of Terra Classic (LUNC). The LUNC and USTC Terra Classic blockchain coins have increased by approximately 6% and 20%, respectively, over the past 24 hours.
As part of a cross-chain partnership between the Terra and Feather/Alliance chains, Terraform Labs is switching from the "Terra Station" wallet to a new "Station" wallet to further enhance decentralisation. For the Terra Classic chain to work with the new Station-supporting Cosmos chains, TFL requested that Terra Rebels make a number of L1 adjustments.
To make the community relocate to Rebel Station instead, Terra Rebels made a community pool spend request, which sparked fear in the neighbourhood. In the Terra Classic Revival Roadmap, Terra Rebels has already stated that the LUNC community's goal is to break away from the TFL and Do Kwon.
Finally, Terra Rebels declared that it would stop supporting Terra Station in order to concentrate on Rebel Station, handing over maintenance for Terra Station to developer team TerraCVita going forward. Following network difficulties brought on by the 1.0.4 upgrade because TFL neglected to update the LCD, both Terra Station and Rebel Station are now operating regularly. As developers reopen IBC channels, the 1.0.4 upgrade prepares validators and cryptocurrency exchanges.
All Terra tokens have recovered as a result of the former FTX CEO Sam Bankman-Fried being investigated for market manipulation on whether FTX and Alameda were to blame for the Terra-LUNA catastrophe. Do Kwon, a co-founder of Terra, thinks SBF and Genesis were responsible for the UST depeg's demise in May.
The price of Terra Classic (LUNC), which is currently trading at $0.00017347, has increased by more than 5.3% during the past day. The 24-hour low and high are $0.0001624 and $0.0001759, respectively. In addition, the price of TerraClassicUSD (USTC) increased by almost 20% as a result of the continuing inquiry into SBF's involvement in the Terra-LUNA problem.
Additionally, the price of Terra (LUNA) increased by almost 5% on the previous day, with the price currently trading at $1.6564.
