The price of Terra Classic (LUNC) appears to have been moving in the direction of a gradual recovery during the previous few days. After an arrest warrant was issued for Do Kwon, the founder of Terraform Labs, the price of Terra Classic (LUNC) dropped dramatically.

Following the loss of billions of dollars and the subsequent swarming of regulators, the community was given the opportunity to design and govern LUNA Classic, which was then relaunched. A significant number of investors are continuing to exercise extreme caution, particularly those who have already suffered losses as a result of the scandal.

On September 14, the authorities in South Korea submitted a warrant for the arrest of Kwon, along with five other individuals. The creator was detained for violating market restrictions, which led to the founder's detention. The arrest warrant lists six different people, all of whom may now be found in Singapore.

The result of this was a precipitous drop in the price of LUNC, with the token losing almost 15 percent of its value in a relatively short amount of time. Prior to the publication of the arrest warrant, the price range for LUNC cryptocurrency was $0.00030 to $0.00034.

In the meantime, the token has somewhat regained its previous value. When the price dropped, members of the LUNC community asserted that Do Kwon did not have any connection to the Terra Classic project.

Do Kwon has stated that he is assisting the authorities in their investigation.

In the meantime, Kwon responded to allegations that he was attempting to elude law enforcement officials. He emphasized that he was not, and Kwon stated that his team was fully cooperating with the authorities and did not have anything to hide. After that, he continued by stating that his company is