LUNA went to ZERO, causing inflation. What is going to happen next? Is there any chance it will rise again in the near future?
I hate to say this but I don’t think it will recover. As you can see, Do Kwon is facing a lawsuit from a South Korean law firm and also a tax evasion case of approximately 78 million USD. With these bad news going on, LUNA will plunge even further even with the proposed fork. Most likely those who have hold some LUNA will just simply dump the newly-forked tokens and even drag the original LUNA and UST into it.
His chances of making LUNA relevant again are zero to very slim. This will just end up as a new memecoin instead.