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LUNC and LUNA Climb as Market Awaits Do Kwon Sentencing – #CryptoUpdatesGNIT

Summary by GlobalNewsIt
Luna Classic (LUNC) and Terra Coin (LUNA) is back in focus as traders brace for the sentencing of Terra founder Do Kwon. The token has traded with heightened volatility, and the latest rebound reflects renewed speculation around one of the most closely watched legal cases in the crypto industry. LUNC & LUNA Rises Ahead of Do Kwon’s Court Ruling Traders increased their positions as speculation returned to the Terra ecosystem. Market data from sev…
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After admitting to cheating investors, Do Kwon, founder of Terraform Labs, was sentenced to 15 years in prison in New York on December 11, 2025. The collapse of the cryptocurrency TerraUSD and Luna in 2022 resulted in losses estimated at $40 billion, while prosecution is still waiting for him in South Korea.

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NFT Plazas broke the news in on Tuesday, December 16, 2025.
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