Terra Classic Price Plunge Ahead of Terraform Labs Bankruptcy Hearing: What Next for LUNC?

Terra Classic (LUNC) price is experiencing a downturn after several weeks of market recovery. This decline coincides with a broader downward movement in the cryptocurrency sector. Many digital currencies are now showing signs of a bearish trend. The drop in LUNC’s value aligns with significant developments at Terraform Labs, preparing for a Chapter 11 bankruptcy plan hearing this September.