{"id":17608,"date":"2026-02-24T10:50:54","date_gmt":"2026-02-24T10:50:54","guid":{"rendered":"https:\/\/cryptoted.net\/index.php\/2026\/02\/24\/terra-classic-lunc-price-in-focus-as-terraform-labs-sues-jane-street\/"},"modified":"2026-02-24T10:50:54","modified_gmt":"2026-02-24T10:50:54","slug":"terra-classic-lunc-price-in-focus-as-terraform-labs-sues-jane-street","status":"publish","type":"post","link":"https:\/\/cryptoted.net\/index.php\/2026\/02\/24\/terra-classic-lunc-price-in-focus-as-terraform-labs-sues-jane-street\/","title":{"rendered":"Terra Classic (LUNC) price in focus as Terraform Labs sues Jane Street"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/11\/1652258525403-3c33022f-43a9-4b93-ad4a-83fa89730732-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/11\/1652258525403-3c33022f-43a9-4b93-ad4a-83fa89730732-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/11\/1652258525403-3c33022f-43a9-4b93-ad4a-83fa89730732-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/11\/1652258525403-3c33022f-43a9-4b93-ad4a-83fa89730732-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><img decoding=\"async\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2022\/11\/1652258525403-3c33022f-43a9-4b93-ad4a-83fa89730732.jpg\" alt=\"Terra Classic (LUNC) price in focus as Terraform Labs sues Jane Street\" width=\"100%\" height=\"100%\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Terraform lawsuit vs Jane Street puts Terra Classic (LUNC) in focus.<\/li>\n<li>Terra Classic (LUNC) shows technical resilience, eyeing $0.00003925 short-term.<\/li>\n<li>2026 price range is expected to be between $0.0000242 and $0.000510.<\/li>\n<\/ul>\n<p>The price of Terra Classic (LUNC) has been under the spotlight as legal tensions surrounding its parent company, Terraform Labs, continue to unfold.<\/p>\n<p>Investors are watching closely after news emerged that the administrator overseeing the wind-down of Terraform Labs has <a href=\"https:\/\/www.wsj.com\/finance\/currencies\/jane-street-accused-of-insider-trading-that-helped-collapse-terraform-659e6993?gaa_at=eafs&amp;gaa_n=AWEtsqenQb0H4F_5Qw9XpnjSWPwpcj3snTHTGGqQJSItJf3oobn0kpO1fXrm7IKNhlc%3D&amp;gaa_ts=699ceaeb&amp;gaa_sig=2rxI6-7udgVldZVuQVOBXYm1XbA6N1rdHYHpqWLarbkz82NxOC6mYi6nwDWUXOSx36zqEhCdV6T0V_RMTKJdog%3D%3D\">sued trading firm Jane Street.\u00a0<\/a><\/p>\n<p>The lawsuit alleges the trading firm used non-public information from Terraform insiders to profit ahead of the collapse of TerraUSD in May 2022.<\/p>\n<p>This legal move adds a new layer of uncertainty for LUNC holders.<\/p>\n<p>Many remember that the original Terra blockchain was rebranded as Terra Classic after the collapse, while a new Terra 2.0 network was launched.<\/p>\n<p>LUNC now trades at around $0.00003509, down roughly 46% over the past year, with a circulating supply of approximately 5.47 trillion coins.<\/p>\n<h2>Jane Street charges<\/h2>\n<p>The lawsuit centres on allegations that Jane Street gained access to confidential data through back channels.<\/p>\n<p>This allegedly allowed the firm to strategically withdraw significant amounts of UST from liquidity pools just minutes after Terraform executed internal moves.<\/p>\n<p>The complaint claims these trades contributed to the broader collapse of the stablecoin and accelerated losses for Terraform\u2019s creditors.<\/p>\n<p>Jane Street has denied the allegations, calling the claims baseless and emphasising that the market turmoil was driven by internal mismanagement within Terraform.<\/p>\n<p>Legal observers note that the case could have implications not only for the firms involved but also for market perception around LUNC and other related assets.<\/p>\n<h2>LUNC price analysis<\/h2>\n<p>Despite its turbulent history, LUNC has shown some resilience.<\/p>\n<p>The coin has been trading in a range of $0.0000343 to $0.00003516 over the past 24 hours, reflecting a small degree of stability.<\/p>\n<p>Analysts like <a href=\"https:\/\/coinmarketcap.com\/community\/post\/373969024\">For-Exx Kripto<\/a> note that the coin has remained inside a flag formation, though the pattern recently experienced a slight break.<\/p>\n<p>This break could have signalled a sharp decline, yet LUNC did not fall dramatically.<\/p>\n<p>This can be interpreted as a bullish signal in the short term, suggesting that a price attempt toward $0.00003925 could be on the horizon.<\/p>\n<p>While the coin remains far from its historical highs, such technical patterns provide hints about potential upward momentum despite broader market challenges.<\/p>\n<p>Trading volume has also been modest, with about $8.9 million changing hands in the last 24 hours.<\/p>\n<h2>Terra Classic price prediction<\/h2>\n<p>Looking ahead, <a href=\"https:\/\/www.coinlore.com\/coin\/terra-luna\/forecast\/price-prediction\">analysts project<\/a> that LUNC could trade within a wide range in 2026.<\/p>\n<p>The minimum expected level is around $0.0000242, while the maximum target could reach $0.000510 by the end of the year.<\/p>\n<p>Key levels to watch include support near the $0.000024 mark, which may act as a floor in case of market weakness.<\/p>\n<p>Resistance lies around $0.000510, representing a potential upside target for traders seeking gains.<\/p>\n<p>Short-term moves toward $0.00003925 could also provide intermediate targets, especially if the market reacts positively to technical signals or news from ongoing legal developments.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/terra-classic-lunc-price-in-focus-as-terraform-labs-sues-jane-street\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Terraform lawsuit vs Jane Street puts Terra Classic (LUNC) in focus. Terra Classic (LUNC) shows technical resilience, eyeing $0.00003925 short-term. 2026 price range is expected to be between $0.0000242 and $0.000510. The price of Terra Classic (LUNC) has been under the spotlight as legal tensions surrounding its parent company, Terraform Labs, continue to unfold. Investors [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":17609,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[20],"tags":[],"kronos_expire_date":[],"class_list":["post-17608","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"_links":{"self":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts\/17608","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/comments?post=17608"}],"version-history":[{"count":0,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts\/17608\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/media\/17609"}],"wp:attachment":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/media?parent=17608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/categories?post=17608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/tags?post=17608"},{"taxonomy":"kronos_expire_date","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/kronos_expire_date?post=17608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}