Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Markets
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
LUNC Surges Over 160% in a Week as
Markets
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
LUNC Surges Over 160% in a Week as
LUNC Surges Over 160% in a Week as Do Kwon Sentencing and Token Burns Draw Traders
LUNC Surges Over 160% in a Week as Do Kwon Sentencing and Token Burns Draw Traders
The rally is driven by speculation that a final verdict could bring clarity to the project, as well as technical factors like token burns.
By Francisco Rodrigues, AI Boost
Dec 6, 2025, 1:00 p.m.
(Midjourney/CoinDesk)
What to know:
- Terra Classic (LUNC) surged 74% to $0.0000072, up 160% in the past week, on exploding trading volume, ahead of Terraform Labs founder Do Kwon's sentencing on Dec. 11.
- The rally is driven by speculation that a final verdict could bring clarity to the project, as well as technical factors like token burns, with 849 million LUNC destroyed in the past week.
- The token's momentum is also fueled by Binance's pause on LUNC withdrawals ahead of the Terra Chain's v2.18 upgrade, which aims to improve network stability, despite the token remaining volatile.
LUNC$0.0₄6315, the rebranded token from the collapsed Terra ecosystem, posted one of the largest gains in the crypto market over the past 24-hour period, climbing more than 74% to $0.0000072 on exploding trading volume. The token is up more than 160% in the past week.
The rally comes ahead of the Dec. 11 sentencing of Terraform Labs founder Do Kwon, who has admitted to financial fraud charges in the U.S. and faces up to 12 years in prison. Traders appear to be speculating that a final verdict could bring clarity to a project long mired in legal uncertainty. On top of that, Do Kwon’s hearing brings in attention the project has long missed.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Sign me up
At the same time, technical factors are driving attention. Token burns, where coins are permanently removed from circulation, have picked up speed.
In the past week alone, 849 million LUNC were destroyed, with Binance contributing by burning half of the fees from LUNC trades. December's pace has already passed 959 million tokens burned. According to a tracking dashboard, a total of 75.89 billion LUNC has now been burned by Binance.
Though relatively small compared to the token’s circulating supply of 5.49 trillion, the burn activity has energized a community still hoping to revive the ecosystem after the 2022 collapse that wiped out $40 billion in value.
Adding to the momentum, Binance paused LUNC withdrawals ahead of the Terra Chain’s v2.18 upgrade scheduled for Dec. 8. The upgrade aims to fix interoperability bugs and improve network stability.
Still, the token remains volatile while outperforming the wider market. Based on the performance of the CoinDesk 20 (CD20) index, it dropped by nearly 2.3% over the same period.
TerraTerra ecosystem
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
Protocol Research: GoPlus Security
Commissioned byGoPlus
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
View Full Report
More For You
XRP Faces Downside Risk as Social Sentiment Turns Wildly Negative
The turn in crowd mood comes after a two-month slide of roughly 31%, leaving the token vulnerable to further downside if risk appetite weakens across majors.
What to know:
- XRP's price approached the $2 mark as social sentiment around the token turned sharply negative, according to Santiment data.
- The token has experienced a 31% decline over two months, making it vulnerable to further losses if market risk appetite weakens.
- Santiment's sentiment model indicates XRP is in a 'fear zone,' where negative commentary significantly outweighs positive talk, potentially influencing market positioning.
Read full story
Latest Crypto News
Euro Stablecoin Market Cap Doubles in Year After MiCA, Study Finds
XRP Faces Downside Risk as Social Sentiment Turns Wildly Negative
Japan’s Higher Rates Puts Bitcoin in the Crosshairs of a Yen Carry Unwind
Small Texas Lender Monet Joining Field of Crypto-Focused Banks
New IMF Report Warns of Stablecoin Risk, Sparking Criticism From Experts
Trump’s Security Strategy: Impact on Bitcoin, Gold, Bond Yields
Top Stories
Euro Stablecoin Market Cap Doubles in Year After MiCA, Study Finds
Small Texas Lender Monet Joining Field of Crypto-Focused Banks
U.S. Prosecutors Seek 12-Year Sentence for Terraform Founder Do Kwon in Crypto Fraud Case
Trump’s Security Strategy: Impact on Bitcoin, Gold, Bond Yields
Turkey's Paribu Buys CoinMENA in $240M Deal, Expanding Into High-Growth Crypto Markets
Crypto Sector Lit Up Bright Red as Bitcoin Slips Back to $90K
Market Opportunity
Terra Classic Price(LUNC)
$0,0000359
$0,0000359$0,0000359
USD
Terra Classic (LUNC) Live Price Chart
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.
You May Also Like
Why The Green Bay Packers Must Take The Cleveland Browns Seriously — As Hard As That Might Be
The post Why The Green Bay Packers Must Take The Cleveland Browns Seriously — As Hard As That Might Be appeared on BitcoinEthereumNews.com. Jordan Love and the Green Bay Packers are off to a 2-0 start. Getty Images The Green Bay Packers are, once again, one of the NFL’s better teams. The Cleveland Browns are, once again, one of the league’s doormats. It’s why unbeaten Green Bay (2-0) is a 8-point favorite at winless Cleveland (0-2) Sunday according to betmgm.com. The money line is also Green Bay -500. Most expect this to be a Packers’ rout, and it very well could be. But Green Bay knows taking anyone in this league for granted can prove costly. “I think if you look at their roster, the paper, who they have on that team, what they can do, they got a lot of talent and things can turn around quickly for them,” Packers safety Xavier McKinney said. “We just got to kind of keep that in mind and know we not just walking into something and they just going to lay down. That’s not what they going to do.” The Browns certainly haven’t laid down on defense. Far from. Cleveland is allowing an NFL-best 191.5 yards per game. The Browns gave up 141 yards to Cincinnati in Week 1, including just seven in the second half, but still lost, 17-16. Cleveland has given up an NFL-best 45.5 rushing yards per game and just 2.1 rushing yards per attempt. “The biggest thing is our defensive line is much, much improved over last year and I think we’ve got back to our personality,” defensive coordinator Jim Schwartz said recently. “When we play our best, our D-line leads us there as our engine.” The Browns rank third in the league in passing defense, allowing just 146.0 yards per game. Cleveland has also gone 30 straight games without allowing a 300-yard passer, the longest active streak in the NFL.…
Share
BitcoinEthereumNews2025/09/18 00:41
The Definitive Analysis On Whether XRP Can Realistically Reach $5
The post The Definitive Analysis On Whether XRP Can Realistically Reach $5 appeared on BitcoinEthereumNews.com. XRP Price Prediction 2026-2030: The Definitive Analysis
Share
BitcoinEthereumNews2026/02/08 02:11
XRP Millionaires Are Back to Business — BlackRock XRP ETF Whispers Swirl ⋆ ZyCrypto
The post XRP Millionaires Are Back to Business — BlackRock XRP ETF Whispers Swirl ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement     XRP
Share
BitcoinEthereumNews2026/02/08 02:31