LUNA Token Slides 2% Amid $4 Billion Lawsuit and Surging Binance Trading Volumes

LUNAUSDT has seen a 2.02% price decrease in the last 24 hours, with the current Binance price at $0.1066 and significant trading activity. The recent decline is primarily attributed to ongoing legal developments in the Terra ecosystem, including a $4 billion lawsuit related to the 2022 collapse and continued scrutiny over the network, which have contributed to bearish market sentiment and heightened volatility. Technical upgrades to the Terra Classic chain and robust trading volumes reflect ongoing network activity, but market indicators such as RSI, MACD, and the Fear & Greed Index currently point to extreme fear and sustained bearish momentum.