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Terra Classic Market Cap Drops Below $1 Billion As SEC Formally Charges Do Kwon

Terra Classic (LUNC), the original chain of the collapsed Terra (LUNA) ecosystem, is experiencing a capital outflow after the United States Securities Exchange Commission (SEC) formally charged founder Do Kwon.

The capital outflow has resulted in LUNC’s market cap dropping below $1 billion, with value standing at $986.31 million by press time. The value represents a loss of about $54 million from the $1.04 billion recorded in the last 24 hours, according to data by CoinMarketCap.

(By Paul L.)

Get the latest news here: Cointime channel — https://t.me/cointime_en

Terra Classic Terra Classic $0.00
-2.84%
Terra Classic SEC LUNC
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