LUNA Token Drops 12.58% Amid Terra v2.18 Upgrade and Do Kwon Sentencing Uncertainty

LUNAUSDT experienced notable volatility in the past 24 hours, primarily driven by anticipation surrounding the Terra chain v2.18 upgrade and the upcoming sentencing of Terraform Labs co-founder Do Kwon. While positive momentum from technical advancements initially fueled speculative trading and a surge in contract volumes, market sentiment shifted ahead of the legal proceedings, resulting in a 12.58% price decline over the last 24 hours on Binance, where LUNAUSDT currently trades at 0.1988 USDT. The asset saw a wide trading range and significant volume fluctuations, with recent market activity influenced by increased token burns and institutional interest, but short-term price action remains sensitive to ongoing developments.