LUNA Token Slides 4.88% as Terra Network Upgrade and Do Kwon Sentencing Drive Volatility

The recent volatility in LUNAUSDT is primarily attributed to the Terra network upgrade and significant news regarding Terraform Labs co-founder Do Kwon’s sentencing. The Terra v2.18 network upgrade introduced enhanced security and interoperability features, while ongoing proposals in the Terra Luna Classic community further fueled activity. Do Kwon’s legal developments brought heightened attention and speculation to the ecosystem, resulting in price surges and subsequent corrections. In the last 24 hours, LUNAUSDT on Binance recorded a price decline of 4.88%, opening at 0.1926 and currently trading at 0.1832, with substantial trading volume reflecting continued investor engagement amid high market volatility.