LUNA +21.88% Amid Network Upgrades and Kwon Sentencing

LUNA Sees Strong 24-Hour Surge Amid Upcoming Do Kwon Sentencing

LUNA, the native token of the Terra blockchain, saw a significant 21.88% increase within 24 hours on DEC 9 2025, reaching $0.1421. This follows a 112.3% surge over the past week and a 117.59% increase over the past month, though the token remains down 62.12% on a yearly basis. The price movement has been attributed to two key developments: the upcoming sentencing of Terra founder Do Kwon and a major v2.18 network upgrade supported by Binance.

Market Response to Kwon's Impending Sentencing

The sentencing of Do Kwon, scheduled for December 11, is widely viewed as a potential turning point for the Terra ecosystem. Investors and traders are closely watching the proceedings, as the event may signal the end of legal uncertainties stemming from the 2022 collapse of Terra and its stablecoin UST. Kwon pleaded guilty to fraud related to the $40 billion loss event, and the resolution of his case could bring a sense of finality to a long chapter of legal and financial turmoil. Despite the positive short-term movement, market participants remain cautious, with many emphasizing the importance of post-sentence price behavior in determining longer-term sentiment.

v2.18 Network Upgrade Provides Technical Support

Adding to the momentum, the Terra network successfully rolled out the v2.18 upgrade, which has been supported by Binance. This upgrade is expected to enhance the network's security, scalability, and user experience, offering a stronger foundation for future development. Analysts and developers have noted the importance of such upgrades in attracting institutional interest and improving Terra’s competitive positioning in the broader crypto market. The upgrade coincided with strong on-chain activity, as evidenced by a breakout of key price levels and rising trading volume.

Bullish Indicators Suggest Continued Short-Term Strength

Technical indicators reinforce the recent bullish trend, with momentum metrics showing heightened buying pressure. The price of LUNA broke above a critical resistance level, supported by a strong volume surge, indicating a shift in market sentiment. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) both signal growing bullish momentum, though traders are advised to monitor for potential consolidation or volatility following the Kwon sentencing. While the current price trajectory appears positive, analysts project that the market will remain sensitive to regulatory and legal developments in the near term.