📢 $LUNA /LUNA Alert: High-Stakes Volatility Ahead of Do Kwon Sentencing
Date: December 11, 2025
Focus: Speculation around Legal Developments and Extreme Trading Volume
The Terra ecosystem—split into the older Terra Classic (LUNC) and the newer Terra 2.0 (LUNA)—is experiencing an extreme surge in speculative activity, driven almost entirely by the impending legal settlement for its co-founder, Do Kwon.
⚖️ The Core Driver: Do Kwon's Sentencing
The most critical event driving price and volatility for both LUNA and LUNC is the final sentencing hearing for Do Kwon (scheduled for December 11th).
Market Bet: The market is treating the tokens as a high-stakes gamble on the outcome of the sentencing. Traders are speculating that a decisive close to the legal chapter—regardless of the severity of the sentence—might remove a major psychological overhang and potentially allow the ecosystem to move forward.
Extreme Volume: In the 24 hours leading up to the sentencing, the total trading volume of LUNA contracts (futures and perpetuals) across the market has reportedly reached nearly $1.8 billion USD. This is an absurd amount of speculative money for an asset without recent fundamental updates.
Funding Rate Warning: The high negative funding rates on futures contracts $(-0.0595\% \text{ to } -0.0789\%)$ indicate a significant amount of funds are aggressively shorting the tokens, creating a compressed trading environment highly prone to short squeezes.
📈 Token Performance & Ecosystem Activity
Token Recent Price Action Key Driver LUNA (Terra 2.0)Surged over +100% in the past week. Speculative trading tied to the legal verdict and the recent v2.18 upgrade. LUNC (Terra Classic)Surged over +190% in the past two weeks. Fueled by strong community-led token burn activity (reducing supply) and speculation conflating it with the $LUNA 2.0 upgrade.
