$LUNA

$LUNA rises by 22.94% as the update on the Terra network drives trading volume to $314 million amid news of Do Kwon

The Terra (LUNAUSDT) experience saw a significant price increase over the past 24 hours, primarily due to expectations surrounding the upcoming update to the Terra network scheduled for December 8, prompting major exchanges to temporarily suspend deposits and withdrawals. Additional momentum has been fueled by increased trading activity following news of the imminent ruling on Do Kwon, the co-founder of Terraform Labs, and technical breakout signals, along with heightened interest on social media. So far, LUNAUSDT is trading at $0.1463 on Binance, indicating a 22.94% increase from the opening price of $0.1190 over the 24-hour period, with trading volumes exceeding $314 million and circulating supplies ranging from 690 to 710 million tokens, demonstrating strong market interest and volatility.