LUNA Token Slides 3.4% Amid Binance Listing News and Terra Legal Developments

LUNAUSDT experienced a 3.40% decline in the last 24 hours, trading at $0.1050, driven by ongoing volatility ahead of Binance's upcoming listing of the LUNA/USDC pair and continued legal developments surrounding the Terra ecosystem. The recent price drop can be attributed to heightened market uncertainty, profit-taking after a period of strong monthly gains, and bearish sentiment following notable news about legal actions related to Terraform Labs and its co-founders. Trading volume remains robust, with the asset fluctuating between $0.1156 and $0.1060 over the past day, a market capitalization of around $127.8 million, and monthly performance still up over 50% despite the weekly downtrend.