Nearly four years after Do Kwon was imprisoned, there are still community members steadfastly supporting Terra Luna Classic and looking forward to an "epic revival."
According to Decrypt, although Do Kwon, the founder of Terraform Labs, has been sentenced to 15 years in prison for causing the collapse of Terra, which resulted in approximately $40 billion in losses, the abandoned original chain Terra Luna Classic (LUNC) has not disappeared. A group of community members continues to maintain the network, hoping to achieve one of the greatest revivals in the history of the cryptocurrency industry.
The report states that a core community member known by the pseudonym "Vegas" lost about $50,000 during the Terra collapse and has since been involved in operating validation nodes, governance proposals, and developer coordination. He expressed that despite facing long-term internal power struggles and fraud accusations, and even being maliciously reported to the authorities, he still believes LUNC has the potential to return to the top ten in the cryptocurrency industry.
After the Terra collapse in 2022, Terraform Labs launched a new chain, Terra, through a hard fork, while the original chain was retained and renamed Terra Luna Classic. Subsequently, the community organization Terra Rebels took over the maintenance work and launched a series of proposals, including a 1.2% burn tax, in hopes of revitalizing the ecosystem. However, due to disputes over fund allocation and governance, Terra Rebels eventually disbanded, and several developers left one after another.
Despite this, the community continues to advance the development of projects such as lending protocols, games, and meme coins, and attempts to restore the stablecoin peg mechanism. Data shows that LUNC has risen 17.3% in the past year, but has cumulatively fallen 28.7% since 2022, with a decline of 99.99% from its historical high of $119.
Some community members stated that the shared trauma after the collapse has formed a bond similar to "family," and that price is no longer the only goal. "What if we could achieve one of the greatest comebacks in cryptocurrency history? It's like a last-ditch pass." said a community member.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

USS Washington to Replace USS Lincoln in the Middle East Amid Concerns Over Crew Living Conditions

Stablecoin $825M Pre-Deposit Flash Loan, Whale Entrance with $700M Before Official Announcement?

Trump Media adds 1,510 Bitcoin in Q3 as treasury reaches $1.17B

Bank of Korea: Consider Existing Financial Regulations When Introducing Stablecoins

Dormant Ethereum Wallet Moves $4.6 Million. Scammers Set a Trap in Three Minutes

47% Top Tax Rate Approaches: Seven Tax Reduction Strategies for Australian Crypto Investors

WEEX P2P now supports ILS, BHD, OMR & QAR —Merchant Recruitment Now Open

Hyperliquid Strategies Reports 38.5M HYPE Treasury After $802M Deployment

No Music App on Work Laptops: The Small Rules Behind WEEX Security

SoftBank Reports First Quarterly Net Loss in Two Years, Intel and Data Center Dragging Down Performance
Can You Borrow Against Native Bitcoin (BTC) on Aave (AAVE) Yet? The Babylon Vote Explained
Can you borrow against native Bitcoin on Aave yet? See what the Babylon vote approved, what still needs to launch, and how BTC liquidation would work.

Why Doesn't Bitcoin Always Rise When Stocks Rally?

Financial Commission to Manage Stock Market Volatility with Sidecars and High-Frequency Trading Checks

IMF urges Kenya to make crypto firms share customer data under Travel Rule

Kim & Chang Lawyer: "Excessive Responsibility Should Not Be Imposed on Stablecoin Issuers"
Why Did Avalanche (AVAX) Rise? What the NYSE Settlement Plan Means for AVAX Demand
See why Avalanche (AVAX) rallied after the NYSE settlement announcement, how the dedicated chain would work, and what could create demand for AVAX.

Cryptocurrency Security Checklist: Four Lessons from Phemex Safety Hub Vol. 05–08

Solana's Former DEX Leader Prepares to Go All In on US Stocks

PIEVERSE Price Up Nearly 80% in a Week: Futures Activity, the November 14 Unlock and What Is Confirmed
PIEVERSE rose about 79% in seven days with futures volume far above spot. See what is confirmed about the November 14 unlock and the WEEX Lucky Eggs campaign.

Unauthorized Access to Gnosis Pay's Old Card System Leads to Customer Data Breach

Alchemy Pay Says Mississippi Licence Expands US Money Transmission Coverage to 20 States

Hong Kong Approves Crypto Asset Reporting Rules - Fintech World

Biden's Son's LAPTOP Burns 5.5% as Conditions Met in U.S. Midterm Elections

TRON surpasses 413 million accounts, but what do network stats show?

Countdown to the GENIUS Act: Only USDC and PYUSD Pass Among the Top Ten Dollar Stablecoins

NVDA Stock Falls 4.3% After Board Opens Investigation: What Is Confirmed and What Is Not
NVDA closed at $178.67 on November 9, 2026, down about 4.3%, after Nvidia’s board confirmed an independent investigation. Other claims come from media reports. WEEX’s Lucky Eggs campaign runs until November 25.

How to Resolve Data Center Controversies? This U.S. State Wants to Tokenize Computing Power to Share Benefits with Residents

Lombard Systems Raises $4M to Make Tokenized Assets Easier to Borrow Against

When is the launch date of Bitcoin Hyper? Testnet, tokens, and mainnet are separate milestones






