what's terra?
Terra is a blockchain protocol and payment platform designed for algorithmic stablecoins, enabling efficient peer-to-peer payments and decentralized finance applications. Launched in 2018 by Terraform Labs co-founded by Do Kwon and Daniel Shin, it utilizes a proof-of-stake consensus mechanism. The ecosystem features stablecoins like TerraUSD (UST) pegged to fiat currencies and the native LUNA token as a reserve asset for maintaining stability. In May 2022, the protocol experienced a catastrophic collapse when UST depegged, leading to a loss of nearly $45 billion in market value and a temporary halt of the blockchain. Following the event, the chain forked into Terra Classic (with LUNC token) and a new Terra chain (with revived LUNA token). Terraform Labs filed for bankruptcy in January 2024, marking the end of centralized development.
Nansen ends validator support on February 12, 2026.
Terra Luna Classic experienced a +15% price movement reaching a $270M fully diluted valuation on February 27, 2026.
Sued Jane Street Group in a 2026 lawsuit from Terraform's bankruptcy estate for insider trading and market manipulation tied to 2022 UST and LUNA collapse, alleging withdrawal of 85 million UST minutes before May 2022 depeg, manipulation of USDT, front-ran a $150 million UST withdrawal from Curve by dumping $85 million UST within 10 minutes, avoided over $200 million in losses, and ran a daily 10AM BTC sell algorithm.
Nansen ends validator support on February 12, 2026.
Burned approximately 1.67% of total supply after receiving coins from the dev wallet on January 21, 2026.
Launched token with former Reddit CEO Yishan Wong (founder of Terraformation) announcing support for Terraformation's mission on 2026-01-16.
Launched a chain-wide portfolio tracker that displays all Terra assets and Astroport LPs across different staking locations including Astroport app and Terra Liquidity Alliance.
Creda Finance launches money market on Terra with Astroport LP collateral support and Terra Liquidity Alliance integration.
Korean prosecutors pursue separate trial against Do Kwon for Capital Markets Act violations, seeking additional sentence of over 30 years beyond the 15-year U.S. sentence, citing 200,000 Korean victims and $204 million in losses.
HTX exchange launches futures trading contest featuring LUNA with $20,000 prize pool for traders.
Terra posts 114.85% gain and Terra Classic increases 22.34%.
Court documents reveal UST peg was artificially maintained by a trading firm in May 2021 despite claims of algorithmic stability, with hundreds of millions of dollars misappropriated from LFG and Mirror Protocol prices manipulated through automated trading bots controlled by Do Kwon and Terraform.
SDNY DOJ release charges Do Kwon with criminal fraud including artificially propping up UST's $1 peg with a trading firm in May 2021 and misappropriating hundreds of millions of dollars from Luna Foundation Guard. The charges also detail market manipulation through automated trading bots on Mirror Protocol.
Justice Department filing reveals Do Kwon artificially restored UST's peg in May 2021 using a trading firm after the protocol failed, misappropriated and laundered hundreds of millions from Luna Foundation Guard, and manipulated Mirror Protocol prices with automated bots funded by genesis stablecoins.
TERRA drops 21% in price action while LUNC (Terra Luna Classic) ranks #1 trending coin on CoinGecko this week.
Do Kwon sentenced to 15 years in federal prison for Terra-Luna fraud.
Do Kwon officially sentenced to 15 years in prison for LUNA fraud, above the previously expected 5-12 years, with the second half to be served in South Korea.
LUNA-WBTC liquidity pair on Terra Liquidity Alliance offers up to 317% APR through Astroport LPs via Neutron and Phoenix dashboards.
Terra LUNA ranks #1 on today's LunarCrush AltRank, which combines social momentum with market activity to surface assets capturing real attention.
LUNA is up more than 200% on the week as Do Kwon faces his sentencing in New York court.
Do Kwon will be sentenced tomorrow to an expected 5-12 years following his clemency letter submission.
On December 9, LUNC gains 22% and Terra gains 44%.
LUNC ranks #9 on today's LunarCrush AltRank™, measuring social momentum and market performance.
Recent crypto founder sentencing outcomes show prosecutors' requests significantly exceed actual sentences: SBF received 25 years (requested 40-50), Mashinsky received 12 years (requested 20), and CZ received 4 months (requested 3 years).
Terra-Luna co-founder Do Kwon's sentencing is scheduled for Thursday, December 11th.
Prosecutors seek a 12-year jail term for Terra founder Do Kwon, followed by price jumps in Luna and Luna Classic.
LUNA2 ranks in the top 10 coins by 24-hour trading volume.
Ranks 4th in global perpetual contracts with $2.52B in 24h volume, 82% of which trades on Binance.
The Orbit Labs proposal advances while the community backs a proposal to unfork modules by removing forked components from Terra Classic.
Records 187% price jump with high burn rates, progress on the Orbit Labs proposal, and a moment at Binance Blockchain Week. Community supports ongoing token burns and a proposal to remove forked modules. Achieved mainstream social media reach with TikTok mentions.
Do Kwon faces sentencing on Monday with prosecutors seeking 12 years and defense seeking 5 years, coinciding with a 100%+ price pump.
Ian Allison wore a LUNA T-shirt at Binance Blockchain Week, which some attribute as a catalyst for the recent price movement. LUNC is up 68% in 24 hours.
LUNC increases over 100% (2x) in value. Do Kwon's sentencing hearing is scheduled for December 11.
Featured on LunarCrush AltRank leaders list for unusual resilience and attention during weak market conditions.
Prosecutors seek no fewer than 12 years in prison for Do Kwon, significantly exceeding the 5-year sentence his defense requested.
LUNC increases 29.2% in a single day.
ASTRO-LUNA liquidity pool on Terra Phoenix via Astroport offers ~66% APR yield.
A governance proposal for Terra Phoenix is live on-chain to deploy over $2M in Protocol Owned Liquidity to USDC-ampLUNA and LUNA-ampLUNA pools on Astroport Terra outpost.
Technical performance problems in the Cosmos/Tendermint infrastructure contributed to UST's depeg alongside the flawed stablecoin design. Fraud was involved in the collapse, but the system would have failed regardless due to fundamental design issues.
Do Kwon pleaded guilty in the Terra collapse case, with sentencing scheduled for December 11 after requesting a 5-year sentence cap.
South Korean prosecutors seek up to 40 years in prison for Do Kwon in a separate case beyond the US proceedings where he requested 5 years.
Filed Do Kwon's sentencing memorandum seeking a 5-year sentence for the $40bn UST collapse in May 2022, detailing Terraform's withdrawal of 150M UST from Curve's 3pool on May 8, 2022, leading to UST depegging below $0.15 and LUNA near zero.
Warning signs resembling Do Kwon's behavior before the LUNA collapse emerge, with an upcoming token launch imminent.
A trader openly refers to LUNA as a "scam pump" while expressing intention to participate in the price manipulation.
A trader admits to actively memeing about the project as part of their social media engagement strategy to grow their account.
The token is down 10% on Day 2 of the community takeover. Trading on Coinbase appears disabled with a request to re-enable it pending response.
A community member promotes a coordinated effort to pump the token, comparing it to GameStop and ZCash rallies, while admitting the initiative originated from a shitpost and describing it as "really fucking stupid."
Wrapped Luna Classic is up 65% this week.
Virtuals launches Luna.fun as an AI token launchpad platform.
Yield farming opportunities offer up to 75% APR on LUNA-wBTC pair via Terra Liquidity Alliance and up to 65% APR on USDC-maxBTC through Neutron BTC Summer program using Astroport LPs.
Achieved +21.30% weekly gain, placing 10th among top performers.
Three Arrows Capital founders Zhu Su and Kyle Davies filed a $1.3 billion claim for damages from the Terra collapse.
Terra loss claims documentation is now available and includes multiple eligible crypto tokens in loss calculations.
New privacy-focused encryption protocol launches August 26th with features for secure messages, payments, and file storage. Contract address: 0x7dfc1c097b2c51Ad6EACf84732768ddED042C0d8
Do Kwon pleads guilty to conspiracy to defraud and wire fraud, faces maximum 25-year sentence.
Jump Trading received vesting LUNA tokens in exchange for a secret bailout in May 2021, attempting to prevent UST depeg through market interventions.
Do Kwon pleads guilty to conspiracy to defraud and wire fraud charges related to $40B collapse.
Do Kwon faces maximum 130-year sentence; plea deal discussions may reduce prison time significantly.
Do Kwon revealed as angel investor in TreehouseFi's seed round alongside Jump, Mirana, and Wintermute VCs.
HyperLiquid becomes latest crypto platform to face issues, continuing pattern of major platform failures.
New two-week extension requested for pretrial motions amid ongoing productive discussions with prosecutors.
ASTRO-USDC LP on Neutron offers 72% APR while ASTRO-LUNA LP on Terra provides 6% APY plus additional LUNA rewards.
Prominent trader GCR faces allegations of AWS server hacking for front-running trades and Binance listings.
New protocol launches Banchor app with 20% APR on HONEY tokens and LUNA-backed collateral system.
Do Kwon's defense delays pre-trial proceedings with new two-week extension request.
Historical market maker @metanallok controlled 20% of UST trading volume through stablecoin market making strategies, indicating significant market concentration in protocol's early days.
New BTC yield farming opportunities available through Astroport on Neutron and Terra's Liquidity Alliance.
Pre-trial conference set for June 25 following lead prosecutor's resignation from Do Kwon case.
US government shifts policy to accept stablecoins, emphasizing controlled decentralization for operational resilience and jurisdictional neutrality.
CFTC case reveals Jump allegedly extracted $1B+ through undisclosed agreement with Do Kwon before collapse; Jump pleads Fifth Amendment.
Stablecoin search interest on Google Trends reaches highest level since May 2022 collapse.
New educational initiative launches in Korea as Hashed Open Research and FourPillarsFP collaborate to improve policymaker understanding of stablecoins amid presidential election discussions and negative regulatory sentiment.
Associated chains are now distancing themselves from the original protocol following the 2022 ecosystem collapse, with continued ecosystem fragmentation observed into 2024.
Treasury buybacks create observable price floor for LT UST futures, with three bounces off this level in past 12 months.
Crypto Loss Claims for affected creditors must be filed by May 16, 2025, at 11:59 PM ET. Late submissions will not be accepted.
Concerning promotional activity detected: Claims of risk-free 20% APY returns on Anchor protocol represent potential misinformation and risky investment advice.
New U.S. legislation moves to ban algorithmic stablecoins entirely through GENIUS Act and impose 2-year moratorium through STABLE Act.
Major algorithmic stablecoin collapse led to $48B meltdown over one week in May 2022.
New BTC yield farming opportunities available through Astroport on Neutron network and Liquidity Alliance staking.
Founder's trial postponed to February; prosecutors confirm charges will proceed regardless of new DOJ crypto policies.
Critical structural flaw identified: Project classified as insolvent stablecoin with fundamental sustainability issues.
Galaxy faces regulatory fine for alleged Terra-LUNA promotion activities.
stATOM liquidity deployment opportunity offers up to 40% APR across four platforms for next 2 days.
New claims portal opens for recovery of losses while founder faces legal proceedings.
Referenced in context of negative market sentiment.
Referenced as failed experiment that reached 20B market cap.