{"id":22622,"date":"2026-02-24T07:52:39","date_gmt":"2026-02-24T07:52:39","guid":{"rendered":"https:\/\/bitunikey.com\/news\/terra-classic-price-prediction-as-terraform-labs-files-lawsuit-against-jane-street\/"},"modified":"2026-02-24T07:52:51","modified_gmt":"2026-02-24T07:52:51","slug":"terra-classic-price-prediction-as-terraform-labs-files-lawsuit-against-jane-street","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/terra-classic-price-prediction-as-terraform-labs-files-lawsuit-against-jane-street\/","title":{"rendered":"Terra Classic price prediction as Terraform Labs files lawsuit against Jane Street"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Terraform Labs\u2019 bankruptcy administrator has filed a lawsuit in Manhattan accusing trading giant Jane Street of playing a key role in the 2022 collapse of Terra\u2019s ecosystem. <\/p>\n<div id=\"cn-block-summary-block_d45040d68059fbe5866113350c94540a\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Terraform Labs has sued Jane Street, alleging the firm played a central role in the 2022 Terra collapse by accelerating the UST depeg and profiting from the fallout.<\/li>\n<li>The lawsuit claims Jane Street dumped 85 million UST shortly after Terraform withdrew liquidity, triggering panic that led to LUNA\u2019s hyperinflation and a $40 billion market wipeout.<\/li>\n<li>Meanwhile, Terra Classic is consolidating near $0.000035, trading below its 50-day moving average, with $0.000032 acting as key support and $0.000038 as major resistance.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<h2 class=\"wp-block-heading\">Terraform blames Jane Street insider trading for collapse<\/h2>\n<p>The <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.courtlistener.com\/docket\/72317589\/1\/snyder-v-jane-street-group-llc\/\" target=\"_blank\" rel=\"nofollow\">complaint<\/a> alleges that Jane Street front-ran the depegging of UST and helped trigger the death spiral that wiped out roughly $40 billion in market value.<\/p>\n<p>According to the filing, Terraform quietly withdrew 150 million UST liquidity from Curve in May 2022. Minutes later, Jane Street allegedly dumped 85 million UST, accelerating the depeg. Panic spread quickly, UST lost its dollar peg, and LUNA hyperinflated due to its mint-and-burn mechanism. <\/p>\n<p>The suit further claims a Jane Street trader, a former Terraform intern, shared insider information in a private group chat dubbed \u201cBryce\u2019s Secret.\u201d The firm allegedly avoided more than $200 million in losses and profited during the meltdown. Jane Street has denied the allegations, calling the lawsuit baseless.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udea8 THE BIGGEST CRYPTO MYSTERY HAS FINALLY BEEN RESOLVED.<\/p>\n<p>Who crashed Luna and UST to 0 and brought down the entire crypto market in 2022?<\/p>\n<p>Jane Street.<\/p>\n<p>The same Jane Street accused of &#8220;10AM manipulation&#8221; also front-ran the 2022 Terra collapse.<\/p>\n<p>In February 2026, the Terraform\u2026 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/E6yeWpcAXI\">pic.twitter.com\/E6yeWpcAXI<\/a><\/p>\n<p>\u2014 Ash Crypto (@AshCrypto) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/AshCrypto\/status\/2026190532440170599?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">February 24, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Terra Classic price analysis<\/h2>\n<p>Amid the renewed headlines, Terra Classic (LUNC) is trading around $0.00003497  at press time on the daily chart. Price remains below the 50-day simple moving average, which sits near $0.00003790, signaling that the broader trend is still tilted to the downside.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">LUNC price analysis | Source: Crypto.News<\/figcaption><\/figure>\n<p>The chart shows a series of lower highs since early January, confirming bearish structure. <\/p>\n<p>However, recent candles suggest short-term consolidation after a sharp early-February sell-off that briefly pushed price toward the $0.00003000\u2013$0.00003200 support zone. That area now acts as key near-term support.<\/p>\n<p>On the upside, immediate resistance sits at $0.00003600, followed by the 50-day SMA near $0.00003790. A sustained break above that level could open the door toward $0.00004000.<\/p>\n<p>The Chaikin Money Flow (CMF) indicator is slightly positive at 0.05, suggesting mild capital inflows, but not strong accumulation. Unless LUNC reclaims its moving average, rallies may face selling pressure. <\/p>\n<p>A breakdown below $0.00003200 would likely expose the psychological $0.00003000 level again.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Terraform Labs\u2019 bankruptcy administrator has filed a lawsuit in Manhattan accusing trading giant Jane Street of playing a key role in the 2022 collapse of Terra\u2019s ecosystem. Summary Terraform Labs&hellip;<\/p>\n","protected":false},"author":1,"featured_media":7696,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-22622","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/22622","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=22622"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/22622\/revisions"}],"predecessor-version":[{"id":22623,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/22622\/revisions\/22623"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/7696"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=22622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=22622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=22622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}