Terra Classic (LUNC), which started its upward run with the support of fundamental analysis, has increased by nearly 120 percent in the last 20 days.
With the decision taken regarding the extradition of Terra’s founder Do Kwon, Terra Classic (LUNC) continues its sharp rise. In line with the decision taken by the court in Podgorica, the capital of Montenegro, the court approved the extradition of Terra’s founder Do Kwon to South Korea or the USA.
Kwon was arrested in the country in March after being caught with forged documents at Podgorica airport. It was stated that the final decision on Kwon’s extradition will be made by the Montenegrin Minister of Justice after he serves his four-month prison sentence in Montenegro for forgery of documents.
In light of these developments regarding Do Kwon, a great activity was observed in the Luna ecosystem. The ecosystem, which stands out with various metrics, has become a hot topic after a long time. In particular, LUNC’s 119.67 percent increase in the last 20 days attracted attention.
It exploded with the support of fundamental analysis!
Following his arrest in Montenegro, Kwon faced multiple fraud charges by US federal prosecutors, in addition to existing civil charges in the US and an ongoing investigation in South Korea into last year’s TerraUSD collapse.
In early November, the Supreme Court of Montenegro upheld the four-month prison sentence of Kwon and his partner Han Chang-Joon for document forgery. However, despite all this, the decision to extradite Do Kwon to South Korea or the USA turned the needle positively and triggered the increase in coins in the LUNA ecosystem, especially LUNC.
LUNC, which was traded at $0.000058591 on November 7, started to rise with the positive course of the fundamental analysis side. Finally, the popular coin, which made an attack with the developments regarding Do Kwon, experienced an increase of almost 120 percent by hitting $ 0.00012940 on November 27.
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