Kwon is officially a fugitive? New crypto LUNA and LUNC price prediction?

At the request of the authorities of South Korea, his country of origin, all the sources in the world now they are called to arrest him and transfer him to Seoul.

Interpol issued a red notice to locate Do Kwon, the South Korean founder of the Terra cryptocurrency. He is accused of causing investors to lose $40 billion and more than $500 billion in the cryptocurrency market.

The Seoul prosecutor’s office issued an arrest warrant against the businessman a few days ago. make kwon is accused of causing thousands of investors to lose money at the time of the fall of the stable coin TerraUSD last May.

The currency lost parity with the US dollar, causing losses of at least $40 billion for savers who took positions in the ustthe stable coin issued by Terraform Labs.

At the same time, the shock wave caused by this collapse of Terra caused investors to be wary of cryptocurrencies, leading to a general drop in the prices of almost all tokens.

What future for the Luna/Terra project?

To overcome the collapse of the first project, Do Kwon launched a new crypto project a few weeks after the collapse called Earth 2.0.

After a mixed start, Earth (MOON) It has established itself as one of the most popular cryptocurrencies of the moment and is ranked 97me place of the most capitalized cryptocurrencies in CoinMarketCap. The token is up 14.68% over 24 hours and is trading at $2.77 at the time of writing.

TOKENOMICS #4 ⚠️ #LUNA 2.0 comes out of the earth?? 🪦 (Or not after the arrest warrant Do Know… but the thread was written before 😅😂) Let’s see if $LUNA 2.0 is THE crypto to have in your wallet?

During this time, classic landthe name of the old project, it still has a high capitalization, almost $2 billion, but its price is still very low, at $0.00031 at the moment.

read also Crash of Terra: the collective suicide of a family would be linked to the fall of LUNA

Reducing the number to zero after the decimal seems to be the most realistic medium-term goal, although several analysts see that Terra Classic will soon outperform the dollar and trade above $2 in 2023.

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