LUNC surged over 50% in just one day, directly impacted by the impending sentencing of Terraform Labs founder, Do Kwon, with U.S. prosecutors recommending a 12-year prison sentence. Driven by this news, LUNC and related tokens experienced a short-term price surge, with 24-hour trading volume and open interest rising sharply. The market is focused on the uncertainties surrounding the Do Kwon case and LUNC's independent narrative. The community has engaged in lively discussions, with some members viewing LUNC as "MVP", while others voiced concerns about selling pressure, indicating a clear psychological divide.
Market sentiment
Optimistic sentiment is prevailing, the long-short ratio of LUNC is approaching 2:1 and the funding rate is negative, indicating that the buying side is dominant but there is significant downward pressure from speculation. The community is very active, with discussions focusing on LUNC's future plans and the impact of the Do Kwon verdict. Some funds have not been able to maintain their positions, leading to tense short-term trading.
