DO KWON SENTENCING HEARING – LIVE UPDATES ⚖️🔥
Big tension today in Manhattan federal court (Dec 11, 2025):
Prosecutors are pushing for 12 years in prison plus $19M in forfeiture over the $40B UST/Terra collapse.
Defense team is arguing for a maximum of 5 years, framing the case as “hubris, not greed,” and requesting credit for the 17 months already served in Montenegro.
Market expectations are clear:
If the sentence is lenient → potential +50% relief rally
If harsh → short-term dip followed by a strong rebound on the “final closure” narrative
Price is reacting early:
LUNA up 40%
LUNC up 20%
Market sentiment: 85% bullish (DYOR)
LUNC
0.00005185
-15.26%