In the last few days, Terra Classic (LUNC) appears to have been on a steady price recovery path. Following the arrest warrant against Terraform Labs founder Do Kwon, the price of Terra Classic (LUNC) dropped sharply. Currently, the cryptocurrency is halfway through the recovery. As of writing, LUNC price stands at $0.0003109, up 1.56% in the last 24 hours, according to price tracking platform

Arrest Warrant Issued

On September 14, the South Korean government has issued an arrest warrant against Kwon, including five others. The founder was booked for violations in the market rules. As per the arrest warrant, all six individuals named are located in Singapore. This led to a sudden drop in the LUNC price, with the token losing around 15% in a short time. From trading at $0.00034 range prior to the news of the arrest warrant, LUNC dropped to nearly $0.00027. In the meanwhile, the token has recovered to an extent. Following the price drop, the LUNC community sancerns

Meanwhile, Kwon responded to claims that he was hiding from the authorities. He clarified that he was not on the run, as being claimed. Kwon said his team was fully cooperating with the gover