As the cryptocurrency market continues to swim in an ocean of red, the embattled Terra Classic (LUNC) is suffering an exceptionally poor performance after the news emerged that the Terraform Labs founder Do Kwon was hiding in Serbia.

Indeed, LUNC was at press time changing hands at the price of $0.0001644, recording a 3.62% drop on the day, adding up to the weekly loss of 6.56% and 8.92% across the previous 30 days, as per data retrieved by Finbold on December 12.

(by Ana Nicenko)