Key Notes
- Terraform Labs co-founder Do Kwon has pleaded guilty and has agreed to forfeit over $19 million.
- The LUNA price rally comes with a 116% upside in daily trading volume.
- Analysts caution about a major resistance at $0.30–$0.38, breaking which is crucial to overcome the downtrend.
The Terra (LUNA) cryptocurrency is making headlines again with 25% upside today and surging all the way to $0.24. Moreover, the daily trading volume has also surged by 116% to nearly $800 million. The rally comes just ahead of Do Kwon’s sentencing on Dec. 11, and the v2.18.0 upgrade.
Terra LUNA Price Jumps, Extending Weekly Gains to 190%
Over the past week, Terra (LUNA) cryptocurrency has gained strong momentum, extending gains to 190% during this period. This comes after the v2.18.0 upgrade, with major exchanges like Binance and Bybit supporting the update.
Despite the broader crypto market downturn after yesterday’s Fed rate cut, LUNA managed to seize the upside with strong buying interest. Moreover, the latest interest in Terra Luna has also surged ahead of founder Do’Kwon’s sentencing over the $40 billion LUNA ecosystem crash in 2022.
Earlier in August 2025, Kwon pleaded guilty in the Manhattan federal court over the fraud allegations. As part of his plea agreement, South Korean national Do Kwon has committed to forfeiting more than $19 million.
Although federal guidelines indicate a potential sentence of roughly 25 years, prosecutors have requested a 12-year prison term. Kwon’s legal team has requested a sentence of no more than five years. In their filing, the lawyers contended that his actions were driven by hubris and desperation rather than greed
Some industry insiders believe that Do Kwon won’t get the 12+ years of prison term.
LUNA Approaches a Key Resistance Ahead
The latest pump in Terra (Luna) price comes after an extended period of heavy losses. The token, which had declined 99.88 percent during its drawdown, has recovered 286 percent over the past 21 days, rising from $0.06415 to approximately $0.23, reported analyst Crypto Patel.
Despite the short-term relief rally, a major downtrend line remains in place, with significant resistance projected in the $0.30–$0.38 range. Patel noted that the LUNA price action in the coming sessions will help determine whether it is forming a sustainable bottom or seeing a temporary bounce.
Bitcoin Hyper (HYPER) Close to Raising $30 Million
Dubbed as Bitcoin’s Layer 2 solution, Bitcoin Hyper (HYPER) is close to raising $30 million in presale milestone. Built on Solana’s Virtual Machine, the project plans to bring smart contracts to the Bitcoin blockchain.
The project aims to address Bitcoin’s limited transaction speed and absence of native programmability. It also allows the working of new decentralized finance applications on the network, making it one of the best crypto presales in the market.
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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
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Source: https://www.coinspeaker.com/what-driving-terra-luna-price-rally/
