Terra Luna Classic (LUNC) Price Skyrockets 40% as Do Kwon Sentencing Looms

Terra Luna Classic explodes higher as the courtroom drama reaches its climax.

The Comeback No One Saw Coming

LUNC just ripped 40% off the board. That's not a typo—it's a full-blown rally happening right as the man at the center of its historic collapse, Do Kwon, prepares to learn his legal fate. The timing is either poetic or painfully ironic, depending on your portfolio history.

Sentiment Trumps Fundamentals

Forget the burn mechanisms and governance votes for a second. This move is pure, unfiltered market sentiment. Traders are piling in, betting on a classic 'sell the rumor, buy the news' play—or perhaps a perverse celebration that the saga is finally getting closure. The market has a dark sense of humor.

A Volatile Reminder

The surge underscores crypto's unique relationship with narrative. Bad news for a founder can be interpreted as good news for the token, clearing a perceived overhang. It's a logic that would give a traditional finance analyst an aneurysm—since when does a CEO's sentencing become a bullish catalyst?

Watch the gavel, then watch the chart. This story isn't over.

TLDR

• Terra Luna Classic (LUNC) price jumped over 40% on December 5, reaching $0.000042, its highest level since November 3
• Do Kwon will be sentenced in a U.S. court on December 11 after pleading guilty to fraud charges related to the $40 billion Terra collapse
• The burn rate spiked with 849 million LUNC tokens removed in the past seven days, bringing total burns to 426 billion tokens
• Trading volume surged 910% to $112 million in 24 hours, while futures open interest climbed to $5.46 million
• Binance will support Terra Classic’s network upgrade (v3.6.0) scheduled for December 8, which includes security improvements and Cosmos chain integration

Terra Luna Classic rallied sharply on December 5, with its price climbing to $0.000042. This represents a 72% increase from its monthly low and marks the highest level the token has reached since November 3.

The price surge came during a period when most of the crypto market experienced declines. Trading volume for LUNC jumped 910% to reach $112 million in a 24-hour period.

Futures market activity increased as well, with open interest rising to $5.46 million. This marks the highest level of futures open interest since November 28.

Do Kwon, the founder behind the original Terra ecosystem, faces sentencing in a U.S. court on December 11. He pleaded guilty to charges including conspiracy to commit commodities fraud, securities fraud, and wire fraud.

The collapse of Terra in 2022 resulted in losses exceeding $40 billion for investors. Legal experts expect Kwon to receive a lengthy prison sentence due to the scale of the financial damage.

Token Burns Drive Supply Reduction

The Terra Classic community has ramped up its token burning efforts in recent days. Data shows 849 million LUNC tokens were removed from circulation over the past seven days.

04 December 2025:

Terra Classic $LUNC Max Supply: 6,480,742,753,204 Tokens Burned Previous Day: 83,945,886 (-0.0013%)

Terra Classic $LUNC Price: $0.00002834 (+0.11%) pic.twitter.com/Gwppn0zHZH

— LUNC BURN UPDATE (@LuncBurnDaily) December 4, 2025

Since burn initiatives began in May 2022, the community has destroyed over 426 billion tokens. This represents roughly 8% of the total supply.

Binance leads the burning efforts, having removed over 75 million tokens. The exchange has pledged to burn all trading fees it collects from LUNC transactions.

The circulating supply has dropped to approximately 5.55 trillion tokens. A 0.5% transaction tax contributes to ongoing supply reduction.

Network Upgrade Scheduled

Binance announced support for Terra Classic’s upcoming network upgrade, version 3.6.0, set to launch on December 8. The upgrade brings enhanced security features and improved connectivity with Cosmos blockchain networks.

The update also includes fixes designed to stabilize the LUNC-USTC pairing. Community sentiment has turned positive, with bulls outnumbering bears 86% to 14%.

Over 1 trillion LUNC tokens are currently staked on the network. This locked supply provides additional price support.

Prices of $LUNC made a huge recovery to the divergence break even, setting a larger bull divergence in the process!

This maintains and LUNC could have another +270% upside to $0.00021+ on the way…

(Terra Classic) https://t.co/zlcGHZSUHA pic.twitter.com/ZEsssCvWwJ

— JAVONMARKS (@JavonTM1) December 6, 2025

The token formed a double-bottom pattern on its daily chart before the recent rally. LUNC broke above its 50-day moving average during the surge.

The Relative Strength Index reached 76, entering overbought territory. Trading indicators suggest strong buying momentum, though some analysts warn a pullback could occur.

Support has established at $0.000030, while resistance levels sit at $0.000041 and $0.000045. The network upgrade takes place on December 8, 2025.