Coinspeaker
8 hour ago
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Terra LUNA Surges 25% Amid Sentencing News and v2.18.0 Upgrade

Terra (LUNA) Price Surge and Market Dynamics

  • Terra (LUNA) has seen a 25% increase today, reaching $0.24.
  • Daily trading volume surged by 116%, nearing $800 million.
  • The recent v2.18.0 upgrade is supported by major exchanges like Binance and Bybit.
  • LUNA's price has increased by 190% over the past week.
  • This surge occurs despite a general crypto market downturn following a Fed rate cut.

Do Kwon's Legal Situation

  • Do Kwon pleaded guilty in August 2025 to fraud allegations related to the LUNA ecosystem crash.
  • Kwon agreed to forfeit over $19 million as part of a plea agreement.
  • Prosecutors suggest a 12-year sentence, while Kwon's legal team argues for no more than five years.

LUNA Technical Analysis

  • LUNA has recovered 286% over 21 days, from $0.06415 to approximately $0.23.
  • Significant resistance is projected in the $0.30–$0.38 range.
  • Upcoming sessions will determine if LUNA forms a sustainable bottom or experiences a temporary bounce.

Bitcoin Hyper (HYPER) Developments

  • Bitcoin Hyper, built on Solana’s Virtual Machine, is near raising $30 million in its presale.
  • The project aims to introduce smart contracts to Bitcoin and enhance its transaction speed and programmability.