LUNA Faces 11.77% Drop After v2.18 Upgrade and 23% Supply Shift Amid Market Turbulence

Terra (LUNAUSDT) experienced significant volatility over the past 24 hours, primarily driven by the recent v2.18 network upgrade and market reactions to the sentencing of co-founder Do Kwon. The shift of approximately 23% of LUNA’s supply into mid-sized wallets and renewed social media attention have contributed to heightened trading activity. Despite these catalysts, LUNA’s price on Binance declined 11.77% over the last 24 hours, now trading at $0.1702 with a 24-hour opening price of $0.1929. Trading volume on Binance reached 152.41 million USDT, while market capitalization estimates range from $111 million to $137.94 million, reflecting continued uncertainty and active participation in the market. Deposits and withdrawals for LUNA remain active.