LUNC Price Drops 16% Amid Terra Classic Upgrade and Do Kwon Sentencing—$177M Volume Fuels Volatility

LUNCUSDT experienced heightened volatility in the past 24 hours, with the price declining by approximately 16.05% to $0.00004749, according to Binance data. The recent drop follows a surge in trading volume and market interest driven by two major events: the Terra Classic v3.6.1 network upgrade, strongly approved by the community and scheduled for December 18th, and the sentencing of Terraform Labs co-founder Do Kwon to 15 years in prison. While the upgrade and legal developments initially fueled a rally and increased open interest, profit-taking and a shift toward seller-dominated activity have contributed to the current price pullback. LUNC has traded between $0.00004318 and $0.00006821 in the past 24 hours, with a reported trading volume of $164 million to $177 million and a circulating supply of approximately 5.49 trillion tokens, positioning it among the top 250 cryptocurrencies by market cap.