Why Is The Price Of LUNC And USTC Up Today?

The prices of LUNC and USTC have both seen a considerable boost in the past day. But although there has been a bit of a recovery in the crypto market, another reason entirely is behind this surge in price and it has everything to do with the currently incarcerated founder of the Terra blockchain, Do Kwon. Terra Founder Gets Released Do Kwon, the founder of the billion-dollar Terra blockchain, which collapsed in 2022, has been in prison in Montenegro for months now after being apprehended with fake travel documents. Since then, there have been numerous efforts by both the United States and South Korean governments to get the founder extradited for prosecution in their respective countries to no avail. Related Reading: Bernstein Analysts Says Bitcoin Will Reach A New ATH By Year End, Here’s The Target Between the two countries vying for extradition, there have been reports that the Montenegrin court is leaning toward extraditing him to South Korea to face charges for the collapse of the blockchain. Despite this, the founder remains in Montenegro as a final decision on his extradition has yet to be made. While the courts deliberate on where to send the founder, Do Kwon has finally secured a release from prison in Montenegro. According to the release reports, Do Kwon is expected to remain in the country until the courts decide his fate. Prison Chief Darko Vukcevic confirmed Do Kwon’s release from prison as he says that the disgraced founder has served the entirety of his sentence for the fake travel documents. He was reportedly released on Saturday, March 23, and is currently under house arrest. LUNC And USTC React To Do Kwon’s Release The prices of USTC and LUNC have reacted positively to the news of …..