📊Price Volatility of LUNA Increases Ahead of Verdict for Do Kwon, Founder of Terraform Labs📊
📈Price volatility of LUNA and especially LUNC (Terra Luna Classic) increases ahead of the verdict for Do Kwon on December 11, 2025.
📈Do Kwon, founder of Terraform Labs, pleaded guilty to fraud charges related to the collapse of the Terra ecosystem worth $40 billion in 2022, with U.S. prosecutors seeking a sentence of up to 12 years in prison while his defense team requested a maximum leniency of 5 years.
📊Current Price Movement📊
📈LUNC rose more than 4% on December 9, 2025, continuing the previous 9% rally and a 160% increase in a week, trading above the 200-day EMA around $0.00005161 with RSI nearing the overbought zone at 69.
📈The price of LUNA also showed significant spikes earlier, such as 53% in 24 hours in early December, although it remains volatile due to legal sentiment.
📊Drivers of Volatility📊
Anticipation of the verdict triggers market speculation, with buyers targeting resistance $0.0000700 for LUNC while the risk of a drop to the 50-day EMA at $0.00003925 if support breaks.
📈This development is also related to token burns and short-term bullish momentum, but the potential for tighter regulations post-verdict could exacerbate fluctuations.
📊Potential Impact📊
📈The verdict against Do Kwon could set a precedent for crypto fraud cases, affecting investor sentiment towards legacy Terra assets like LUNC and LUNA.📈The crypto market as a whole is vulnerable to ripple effects, similar to the initial impact of Terra's collapse on FTX.
