LUNA +24.4% in 24H: Upgrade Momentum and Inflows Drive Rally

LUNA surged 24.4% within 24 hours on December 10, 2025, reaching $0.1946. Over the past week, the token climbed 95.04%, and it has risen 172.3% over the last month, despite a 52.59% decline over the past year. This recent rally is being attributed to rising on-chain activity, growing capital inflows, and anticipation of an upcoming protocol upgrade.

Network Upgrade Sparks Optimism and Capital Inflows

Terra Luna Classic’s network upgrade is a key factor driving the recent bullish sentiment. Terra Classic developers recently released terrad v3.6.1, a major update aimed at resolving legacy contract issues and improving dependencies. The upgrade, scheduled to activate on block 26,479,000 (estimated December 18), has been successfully tested on the rebel-2 testnet. A rollback option is available via v3.6.0 in case of mainnet issues.

This development has led to increased optimism among investors and validators. The community and validator network are currently reviewing the proposal to approve the upgrade. The enhancement is expected to significantly improve the network’s security, functionality, and long-term reliability, reinforcing its utility as a blockchain platform.

On-Chain Activity Signals Investor Confidence

The on-chain metrics further support the recent price action. Futures open interest (OI) in LUNC increased from $18.15 million to $25.55 million within two days, indicating a rise in both new and existing capital entering the ecosystem.

The growing OI reflects increased participation in the derivatives market and a general sense of bullish sentiment.

Additionally, multiple inflow spikes have been recorded, suggesting renewed interest from investors and capital deployment into the Terra Luna Classic ecosystem. These inflows are likely tied to the anticipation of the network upgrade and the broader development roadmap for the Terra Classic blockchain.

Technical Outlook Points Toward Continued Uptrend

On the technical front, LUNA is currently trading above its 50-week Exponential Moving Average (EMA) at $0.000056 and inside a falling wedge pattern, a bullish formation. The weekly Relative Strength Index (RSI) is at 56, indicating that bullish momentum is building.

Analysts project that if LUNA closes above the 50-week EMA on a weekly basis, it could test the next level of resistance at $0.000098. The price movement of the past week, which saw a gain of 24%, further reinforces the potential for an extended rally.

Legal and Market Context

Separately, the U.S. court overseeing the case of Terra (LUNA) founder Do Kwon has requested further clarification on sentencing and extradition concerns ahead of the scheduled hearing. The court has raised several procedural and legal questions that must be resolved before a sentencing can be finalized. These include considerations around detention periods, victim testimonies, and compensation mechanisms.

While this legal development does not directly impact current price action, it remains a critical background factor in the broader narrative of the Terra ecosystem and investor sentiment.

The current rally in LUNA is being driven by on-chain strength, anticipated protocol upgrades, and growing investor participation. With the network upgrade set to enhance security and functionality, and bullish technical indicators in place, the market appears poised for further upward movement—provided the projected capital inflows continue.