LUNA, LUNC, and USTC, tokens backed by the Terra ecosystem, recently amassed noteworthy attention among crypto market enthusiasts globally as the tokens witnessed a sudden price jump today. The upward trajectory portrayed by the tokens comes in alignment with the recent decision by the Montenegro Appeals Court on Do Kwon’s legal chronicle.
Do Kwon, the ex-co-founder and ex-CEO of Terraform Labs, recently received a ruling from the above-stated court, revoking his extradition to other countries for criminal trials. The revoking of Kwon’s extradition further lined up with the price surge witnessed by the Terra-backed tokens on Tuesday.
In addition, the price surge also aligns with the recovery of the broader crypto market today, coinciding with the anticipation of a Bitcoin spot ETF approval.
Do Kwon’s Appeal Impacts Terra-backed Tokens’ Price
In a gust of developments orbiting around Do Kwon’s legal chronicle, the Montenegro Appeals Court today sided with Kwon’s attorneys.
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