Terra claim price: what buyers weigh

An Allowed claim is a right to a pro rata share of what the estate pays to Class 5, the Crypto Loss Claims. It promises neither the full amount nor a date. When you sell, the buyer pays you now and takes over both questions: when the estate pays, and how much.

So every buyer prices a claim below its allowed amount: the price is today's value of an uncertain payment at an unknown date. A buyer who expects an earlier or larger payout can pay more; one who expects delays or dilution pays less. Who buys Terra claims describes the buyers, and Terra claim value covers what the claim may be worth to the estate.

Every buyer looks at these public facts. None is settled yet, which is why prices move with the case.

Beyond the case itself, buyers look at the claim in front of them:

• Status. Only Allowed claims can be sold through TerraClaim. A pending or disputed claim has no price yet; check yours with the claim status guide.
• Size. Each claim is priced on its own, and large claims get personal handling from the desk. See large claims.
• Paperwork. Your CLC form, the Kroll determination email and your ID must match. A claim that checks out cleanly against the Kroll register is simpler for a buyer to take on.
• The allowed amount, not the token. Once allowed, every Crypto Loss Claim sits in the same Class 5 pool and is paid pro rata. Which token you lost mattered when the claim was reviewed; the buyer prices the allowed amount.

Transfers closed through TerraClaim are on the transfers page, each filed notice linked to its entry on the public court docket.

Be careful with a price that has no named buyer behind it, such as a number in a chat group. A price only means something if a buyer commits to it in writing and pays it; see is selling a Terra claim safe.

1. Download your CLC form from claims.terra.money (tick your claim, then click Download Claim Image). The CLC form guide shows where.
2. Upload it on TerraClaim. The holder and the allowed amount are read from the form.
3. Confirm from your email. A link goes to the address on the claim. Once you click it, an institutional buyer's firm cash offer appears on the page and in your inbox. No account is needed to see it.

The offer is firm, not an opening bid that is cut after diligence. Sellers pay no fees, so the amount you accept is the amount you receive. Seen a better price? Tell the desk in the chat: it will try to match it, and if it can, your offer link is updated. How to get the best price shows how to compare quotes.

Claim prices follow the case. News that brings a distribution closer or adds money for creditors tends to help; news that adds delay, cost or claims tends to weigh. Events buyers have watched include the first Initial Determinations (August 2025), the classification of the $1.3B 3AC claim as a Crypto Loss Claim (October 2025) and the lawsuits against Jump Trading and Jane Street.

Token prices matter too. Do Kwon's $204.3M settlement with the SEC was paid partly in tokens, so the fund is worth about $83.5M to $85M at recent prices, and that value moves with the market. See the SEC Settlement Fund guide.