Do Kwon, the founder of Terraform Labs, is no longer involved with Terra Classic (LUNC). This fact has become increasingly clear through several key developments, particularly recent court decisions affecting Terraform Labs.
One significant ruling required Terraform Labs to burn all LUNC coins held in its wallets. This was not a symbolic move, the company has already burned 249,692,396,261 LUNC, demonstrating its compliance and distancing itself from direct involvement in LUNC.
Today, LUNC operates as a community-owned token, governed by validators and on-chain proposals rather than a central authority. This structure reinforces that LUNC is no longer under Terraform Labs’ control.
Even though Do Kwon no longer has any connection to LUNC, some major investors are still watching his ongoing court case carefully. These large holders want absolute certainty that the project is completely free of any legal risk before committing substantial capital.
Recent developments suggest progress. The latest court sessions have given what many see as a green light toward resolving the case. A major decision is expected in December, and its outcome could mark the final chapter in this long legal battle.
When this uncertainty ends, analysts believe major investors will move into LUNC. Terra Classic still holds strong potential in the crypto market, and such a shift could trigger a significant price surge.
