LUNA Token Surges 21.60% After Major Network Upgrade and Founder Sentencing, $336M Volume

LUNAUSDT experienced a significant 21.60% price increase in the past 24 hours, with the current price at 0.1959 USDT according to Binance. The primary drivers of this surge are the recent network upgrade (v2.18), which improved efficiency and transaction capacity, and heightened market attention following the sentencing of Terra founder Do Kwon to 15 years in prison for fraud related to the 2022 ecosystem collapse. These events have contributed to increased trading activity and volatility, with the latest 24-hour trading volume reported at $336 million and market capitalization around $214.91 million. Despite the short-term rally, long-term technical indicators remain mixed, reflecting continued uncertainty and market sensitivity to ongoing developments.