LUNC Surges 50% Amid Do Kwon Uncertainty And Massive Token Burns

The Terra Classic (LUNC) token sharply climbed in value, adding over 50% in the last 24 hours. The price jump was fueled by a massive surge in trading volume. This spike is largely attributed to a combination of high speculative activity and concentrated community efforts to reduce the token supply.

What’s Driving The Rally

A primary catalyst for the LUNC rally is the upcoming sentencing hearing for Terra co-founder Do Kwon in the U.S. That court date is currently slated for December 2025.

Traders are viewing the approaching judicial finality as potentially removing the major cloud of uncertainty that has long hung over the project. These market expectations are actively creating a strong bullish environment for LUNC.

Simultaneously, the Terra Classic community and major exchanges, including Binance, are continuing aggressive token burns. Over 959 billion LUNC have been destroyed this month alone. This systematic reduction of the excessive LUNC supply — a relic of the ecosystem’s collapse — is designed to create scarcity. When coupled with rising demand, this becomes a powerful price catalyst.

Reading The Community Vibe

The dramatic influx of trading volume, spiking over 770% in 24 hours, confirms intense interest and sky-high speculative activity among traders. Technically, the token broke through key resistance levels and exited a descending channel — a technical recovery that cemented a strong momentum embraced by algorithms and short-term players.

The coin’s surge has predictably ignited a firestorm of discussion among holders. Social media platforms are flooded with memes and posts about the token possibly returning to its historical $110 price, which predates the crash.

“LUNC just woke up like it remembered who it used to be. The party isn’t over yet!” exclaims a user identified as terra_army.

Read also:

• Do Kwon Requests 5-Year Cap on Prison Sentence — Bloomberg
• Top Crypto Rugpulls And What Are The Signs To Look For To Avoid Investing In Rugpulls?

This post is for informational purposes only and does not constitute advertising or investment advice. Please do your own research before making any decisions.