LUNC Appreciated by 160% Before Do Kwon's Sentence

Terra Classic Continues Its Rise

Terra Classic (LUNC) has reached a level of $0.0000072 with a 160% increase over the last week and a 74% rally. This rise is highlighted by a surge in trading volume. One of the most significant factors attracting investors' attention is the upcoming criminal trial of Do Kwon, the founder of Terraform Labs, on December 11. This situation is expected to provide a clearer framework regarding the project's future.

Another reason for the rise is the burning of 849 million LUNC tokens within the last week, a technical factor that reduces the token's supply and increases its value. Additionally, Binance has halted LUNC withdrawal transactions to enhance network stability before the Terra Chain's v2.18 update. However, the token still exhibits a volatile trend.