{"id":270455,"date":"2024-03-23T19:30:43","date_gmt":"2024-03-23T14:00:43","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=270455"},"modified":"2024-03-23T19:30:43","modified_gmt":"2024-03-23T14:00:43","slug":"terra-luna-skyrockets-over-26-after-do-kwons-release-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/terra-luna-skyrockets-over-26-after-do-kwons-release-crypto-news\/","title":{"rendered":"Terra (LUNA) Skyrockets Over 26% After Do Kwon’s Release – Crypto News"},"content":{"rendered":"

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Montenegro authorities have announced the release of Terra (LUNA) founder<\/a> Do Kwon from prison, under house arrest, following a forgery case. The Supreme Court confiscated Kwon\u2019s travel documents for security. Both the US and South Korea seek Kwon\u2019s extradition, with Kwon preferring South Korea. The Montenegrin Supreme Court postponed extradition pending review. Kwon\u2019s legal team contests the appellate court\u2019s ruling. This coincides with a 26% surge in Terra\u2019s price, reflecting investor sentiment amid legal developments.<\/p>\n

Market Analysis and Performance of Terra (LUNA)<\/h2>\n

The announcement of Do Kwon\u2019s impending release has coincided with a notable surge in the price of Terra (LUNA). Investors have responded positively to this development, leading to a significant 26% increase in Terra\u2019s price. Currently valued at $1.16, with a circulating supply of $630,798,184.69 and a market cap of 690,802,291 LUNA.<\/p>\n

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Terra\u2019s recent performance has been impressive, with a 22.4% increase in price over the past 7 days and a remarkable 72.7% surge over the last month. These figures indicate a strong upward trend, suggesting favorable conditions for potential investors. The market sentiment surrounding Terra (LUNA) is optimistic, with many recognizing its growth potential amidst recent developments.<\/p>\n

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Also Read: Toncoin (TON) Price Drops As Spain Bans Telegram<\/strong><\/a><\/p>\n

Background and Context of Do Kwon\u2019s Legal Situation<\/h2>\n

The legal saga surrounding Do Kwon traces back to a forgery case involving a fake passport, which ultimately led to his imprisonment in Montenegro. Following his arrest, Kwon was convicted by the court in Podgorica and subsequently served a prison sentence. However, the situation has been further complicated by conflicting extradition requests from the United States and South Korea, each presenting different charges against Kwon.<\/p>\n

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The ongoing legal battle has underscored the importance of the Montenegrin Supreme Court\u2019s review in determining Kwon\u2019s extradition fate. This review process will be crucial in assessing the legality of the extradition requests and addressing the concerns raised by Kwon\u2019s legal team. Furthermore, the announcement of Kwon\u2019s release holds significant implications not only for his personal circumstances but also for the trajectory of Terra (LUNA) and the broader crypto market.<\/p>\n

Also Read: Cathie Wood Offloads $123M Coinbase & Robinhood Stocks This Week<\/strong><\/a><\/p>\n

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article. <\/p>\n<\/p><\/div>\n

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

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Montenegro authorities have announced the release of Terra (LUNA) founder Do Kwon from prison, under house arrest, following a forgery case. The Supreme Court confiscated Kwon\u2019s travel documents for security. Both the US and South Korea seek Kwon\u2019s extradition, with Kwon preferring South Korea. The Montenegrin Supreme Court postponed extradition pending review. Kwon\u2019s legal team […]<\/p>\n","protected":false},"author":2,"featured_media":270456,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-270455","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/270455","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=270455"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/270455\/revisions"}],"predecessor-version":[{"id":270458,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/270455\/revisions\/270458"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/270456"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=270455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=270455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=270455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}