$LUNA

The Terra ecosystem remains firmly back in the spotlight, with both Terra Luna (LUNA) and Terra Classic (LUNC) showing extreme volatility. The initial surge has sustained momentum, with both tokens breaking multi-month downtrends.
​LUNA has recently traded around $0.1202, maintaining its significant price rally. LUNC has seen its price surge to recent highs around $0.00006135 before experiencing expected profit-taking, still showing massive gains over the past week.
​The sudden jump is still driven by a confluence of social media frenzy, aggressive deflationary activity, and key upcoming events.
​A Viral T-Shirt Sparked the Initial Frenzy
​The initial rally was heavily fueled by a social media moment: CoinDesk journalist Ian Allison was seen wearing a vintage Terra Luna logo t-shirt while interviewing major executives in Dubai.
​This image went viral, tapping into nostalgia among retail traders and leading many to call it a "Terra comeback sign," which helped push LUNC into its initial sharp surge.
​LUNC's Deflationary Engine and Supply Shock Add Fuel
​Beyond the narrative, the Terra Classic token has seen its rally sustained by strong market dynamics, specifically an extreme supply/demand shock.
​Massive Burn Rate: The community's aggressive burn mechanism, supported by exchanges like Binance, has been highly effective. Over 849 million LUNC tokens were burned in the last seven days alone, significantly reducing the circulating supply.
​Trading Volume Explosion: This shrinking supply has met parabolic demand, with 24-hour spot trading volume for LUNC spiking hundreds of percent, forcing the price upward.
​LUNA Also Rises Ahead of Scheduled Chain Upgrade
​Alongside LUNC, Terra (LUNA) saw its strong rally continue, reaching the $0.12 zone. A major reason behind this renewed confidence is the technical progress underway.
​Upcoming v2.18 Chain Upgrade: The major v2.18 chain upgrade is still scheduled for December 8, 2025.
​Binance Support Confirmed: Major exchanges like Binance have officially confirmed support for the upgrade, temporarily pausing deposits and withdrawals during the process. This exchange support signals institutional confidence and contributes to bullish sentiment.
​Technical Targets Remain: Popular crypto trader Captain Faibik's technical signals remain relevant, suggesting LUNA could target $0.20–$0.30 if momentum persists.
​Do Kwon’s Sentencing Adds Volatility Ahead of December 11
​The legal drama surrounding the Terra collapse continues to keep both tokens in the spotlight as a speculative catalyst.
​Sentencing Date Confirmed: Do Kwon’s sentencing is still scheduled for December 11, 2025, in the United States, where prosecutors are pushing for a 12-year prison sentence.
​Traders are viewing the approaching legal conclusion as a potential "reset point" for the ecosystem, contributing indirectly to the renewed volatility around both LUNA and LUNC.
​Technical Outlook Remains Bullish
​LUNC: After breaking its 2-month downtrend, top analyst JAVON MARKS continues to project a potential 270% upside toward $0.00021 if the current bullish momentum can be sustained.
​LUNA: The technical break out of a long-term falling wedge, highlighted by Faibik, suggests strong upward moves remain possible.
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