LUNA +50.14% Daily: Binance Upgrades Spark Market Response

On DEC 5, 2025, LUNA rose by 50.14% within 24 hours to reach $0.1115. The token also recorded a 53.88% rise over the past seven days and month, despite a 73.21% drop over the year. This sharp short-term rebound coincided with major developments in the Terra ecosystem.

Binance Suspend LUNA Transactions for Network Upgrade

Binance, one of the largest cryptocurrency exchanges, announced it would temporarily suspend LUNA deposits and withdrawals beginning at 20:05 UTC+8 on Dec. 8, 2025. This action was taken to support the Terra network’s scheduled upgrade, which is expected to occur at block height 18,660,000 around 21:05 UTC+8 on the same day. The exchange emphasized that the maintenance window was necessary to ensure the integrity and continuity of the protocol transition.

The upgrade is a key step in the Terra project’s ongoing efforts to improve its blockchain infrastructure and align with the broader goals of the Terra ecosystem. Users are advised to monitor Binance’s official channels for updates and confirmations following the completion of the upgrade.

Legal Proceedings Continue for Do Kwon

Do Kwon, co-founder of Terraform Labs, is scheduled to be sentenced on December 11, 2025, for his role in the 2022 collapse of the Terra and LUNA tokens, which wiped out over $40 billion in value. U.S. prosecutors are seeking a 12-year prison sentence for Kwon, the maximum under his August plea agreement. They argue that the scale of the fraud and Kwon’s subsequent evasion of responsibility justify a lengthy term.

Kwon was extradited to the U.S. in December 2024 after being arrested in Montenegro for traveling with forged documents. He was previously found guilty in a civil trial of misleading investors and defrauding the market through false claims about Terraform’s blockchain products. U.S. prosecutors have also highlighted the broader market impact of the Terra-Luna crash, which contributed to the “Crypto Winter” of 2022.

Kwon’s defense requested a five-year sentence, citing his time in custody in Montenegro and the complexity of the case. However, prosecutors have rejected this as insufficient given the magnitude of the financial losses and the need for deterrence in the crypto industry.

Adverum Biotechnologies Reports on LUNA Clinical Trial

Separately, the term “LUNA” appears in a non-cryptocurrency context in a biotech report from Adverum Biotechnologies. On December 4, the company announced two-year follow-up data from its LUNA Phase 2 trial for Ixo-vec in patients with wet AMD. The results showed a ~90% reduction in anti-VEGF injections and sustained visual acuity in both dose groups. This development is unrelated to the Terra blockchain but highlights the versatility of the term “LUNA” across industries.