The $LUNA token is in the spotlight once again, and this time, it is in connection with the Terra saga that seems to finally come to an end. The developments that have taken place in the Terra ecosystem, including the sentencing of the Terra founder, have once again brought LUNA to the limelight and to people's attention. This, however, is connected with what happened in 2022.
With key legal issues resolved, traders are recalibrating risk management. This new development has caused new speculative flows to appear in LUNA, as seen in increasing trade volumes and market responses. To traders worldwide, this news eliminates an overhang that has contributed to negative market sentiment for a very long time.
While there has been a revival, market confidence remains prudent. LUNA is not led by market fundamentals anymore but by market psychology, trading, and cryptocurrency market sentiments.
⚠️ Market Insight: It is a news-driven market and there is high volatility. The market is going to witness strong movements in either direction as it processes this chapter of the Terra story.
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