Do Kwon in Court as LUNC Eyes Price Shift

Today, Do Kwon, one of the founders of Terraform Labs, will go before a U.S. federal judge. This is a big step in the long-running legal battle that started after the collapse of the Terra ecosystem. Kwon had already said he wasn’t guilty of fraud charges related to the crash in 2022 that cost the crypto market billions of dollars. The case is still in the pretrial stage. Judge Paul A. Engelmayer has pushed back hearings several times so that both the prosecution and defense can look over new evidence.

The Department of Justice says that they are still looking over a lot of paperwork and digital communications, which is slowing things down. The Terra Luna Classic (LUNC) community is also paying close attention, and there are heated debates about whether this appearance could change the course of the case or even the market. Some prediction markets, like Kalshi and Polymarket, have even suggested that Donald Trump might pardon Kwon, but that’s just a guess.

LUNC Moves in the Face of Legal Uncertainty

The Terra Luna Classic community is moving forward even though legal motions are still going on. Developers Vegas and StrathCole recently sent in a proposal to turn the market module back on. This feature was turned off during the first crisis to stop the oracle pool from losing more money. The goal of the move is to restore functionality and make the ecosystem more stable.

LUNC has seen some movement in the market, with a 1.7% rise in price in the last 24 hours. It is now trading at about $0.00005624. However, trading volume fell by 40%, which shows that investors are feeling mixed about the situation.

By July 1, 2025, the federal court has told both sides to file motions before the trial. There is still a lot of time for more legal twists before the real jury trial on February 17, 2026. The current hearing may not be thrilling, but it could affect the courtroom and LUNC price chart.

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