The Terra ecosystem finds itself in a precarious position, with prices of its native tokens, Terra (LUNA) and Terra Classic (LUNC), experiencing a notable decline of over 4% and 2%, respectively, in the past 24 hours. This downturn has left investors apprehensive about further involvement in Terra’s cryptocurrency offerings.
The backdrop of this market turbulence is the ongoing legal battle between Terra and Do Kwon against the SEC. The SEC has requested summary judgment in its complaint…