LUNA Surges 15% as Terra Network Upgrade and Do Kwon Sentencing Fuel Bullish Momentum

Terra (LUNA) has experienced a notable price increase of 15.20% over the last 24 hours, as reflected in Binance's LUNAUSDT price data. The rally is primarily attributed to heightened anticipation surrounding the upcoming Terra network upgrade scheduled for December 8, which is expected to improve blockchain stability and address technical vulnerabilities. Market activity has also been influenced by broader volatility in the Terra ecosystem, increased social media engagement, and developments related to the impending sentencing of Terraform Labs co-founder Do Kwon. Currently, LUNAUSDT is trading at $0.1281 with a 24-hour open of $0.1112, supported by strong trading volume and significant market interest, signaling increased short-term bullish sentiment in response to these recent events.