The post Why Terra Luna Price Is Up Today: Key Factors Behind LUNA’s 100% Weekly Surge appeared first on Coinpedia Fintech News Terra Luna, a decentralized payments network, is once again in the spotlight after the token jumped 29% over the last 24 hours and nearly 100% this week. But what’s really driving this surprising comeback?  Let’s break down the key reasons behind LUNA’s latest surge. Terra Chain v2.18 Upgrade One of the main reasons behind the …The post Why Terra Luna Price Is Up Today: Key Factors Behind LUNA’s 100% Weekly Surge appeared first on Coinpedia Fintech News Terra Luna, a decentralized payments network, is once again in the spotlight after the token jumped 29% over the last 24 hours and nearly 100% this week. But what’s really driving this surprising comeback?  Let’s break down the key reasons behind LUNA’s latest surge. Terra Chain v2.18 Upgrade One of the main reasons behind the …

Why Terra Luna Price Is Up Today: Key Factors Behind LUNA’s 100% Weekly Surge

2025/12/09 15:39
Why Terra Luna Price Is Up Today

The post Why Terra Luna Price Is Up Today: Key Factors Behind LUNA’s 100% Weekly Surge appeared first on Coinpedia Fintech News

Terra Luna, a decentralized payments network, is once again in the spotlight after the token jumped 29% over the last 24 hours and nearly 100% this week. But what’s really driving this surprising comeback? 

Let’s break down the key reasons behind LUNA’s latest surge.

Terra Chain v2.18 Upgrade

One of the main reasons behind the recent rise in the Terra Luna token is the successful rollout of the Terra Chain v2.18 upgrade on December 8. This update fixed several bugs, improved network efficiency, and pushed trading volume above $200 million. 

Major exchanges also showed strong support, Binance even paused deposits and withdrawals on the Terra (LUNA) network to ensure a smooth upgrade and better user experience.

Do Kwon’s Sentencing Drives Attention

Another major factor behind Terra’s sudden recovery is the renewed focus on Do Kwon’s December 11 sentencing. After pleading guilty to charges linked to the $40 billion Terra crash, U.S. prosecutors are asking for 12 years, while Kwon’s legal team is seeking five years.

This upcoming verdict has created a spike in interest across Terra-related tokens as traders position themselves ahead of the announcement.

Terra Ecosystem LUNC Token Burn Spike

Another big factor boosting sentiment is the sharp increase in Terra Luna Classic (LUNC) token burns. Developers and exchanges like Binance burned nearly 1.57 billion LUNC just last week.

So far, 428 billion LUNC have been burned out of the 6.47 trillion circulating supply. 

Meanwhile, this massive burn helped push the LUNC price up nearly 160% in recent days before cooling off around $0.000052.

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Terra Luna Price Outlook: Can LUNA Hold Its Gains?

After dropping sharply from $0.1644, buyers returned at $0.098, forming a strong recovery candle that pushed LUNA back above $0.13. The token now trades near $0.1247, but a slight pullback shows short-term selling pressure.

If sellers push the price below $0.1218, LUNA could retest $0.1182 or even $0.1124.

On the bullish side, if LUNA breaks above the $0.1276–$0.1300 resistance zone, the move could open the way for a rally toward $0.1400, and with strong momentum, even a retest of $0.1644.

Terra Luna price chart

Meanwhile, the RSI at 47.5 shows LUNA still has room to move higher if buyers regain strength.

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FAQs

Why is Terra Luna (LUNA) rising today?

LUNA is jumping due to the Terra Chain v2.18 upgrade, stronger exchange support, and renewed interest from upcoming legal developments around Do Kwon.

How does the Terra Chain v2.18 upgrade affect LUNA’s price?

The v2.18 upgrade improves speed, fixes bugs, and boosts network stability, helping increase trading activity and strengthen investor confidence.

Can Terra Luna hold its recent gains?

LUNA must stay above key support levels, but breaking resistance could extend its rally. Market momentum and trader demand will determine the trend.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

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