LUNC and LUNA surge significantly, leading the market rally, potentially linked to the speculated possibility of SBF's pardon

LUNC and LUNA surge significantly, leading the market rally, potentially linked to the speculated possibility of SBF's pardon

2025-12-06 17:57

ChainThink news, December 6: According to market data, LUNC surged 70.3% over the past 24 hours, with its current market cap at $342 million; LUNA rose 38.2% in the same period, now valued at $131 million. The recent rally in LUNC and LUNA may be linked to growing market speculation about the potential pardon of SBF, founder of FTX.


LUNC (Luna Classic, formerly LUNA) is the native token of the Terra Classic chain (formerly the original Terra mainnet), rebranded following the collapse of LUNA in May 2022, which triggered a prolonged bear market. LUNA (the new version of Terra's token) is the native token of the Terra 2.0 chain, reissued via a community proposal after the LUNA collapse in May 2022.


In 2022, the UST depegging event caused LUNA’s price to plummet from $80 to near zero, erasing approximately $45 billion in market capitalization—among the largest crashes in crypto history. SBF, founder of FTX and Alameda Research, is suspected of orchestrating this collapse. Recently, SBF has intensified public statements after a fellow inmate received a pardon, fueling speculation about his potential clemency.

Disclaimer: Contains third-party opinions, does not constitute financial advice

Recommended Reading
24-hour Spot Funding Flow Ranking: BTC Net Outflow of $220 Million, SOL Net Outflow of $23.62 Million
24-hour Spot Funding Flow Ranking: BTC Net Outflow of $220 Million, SOL Net Outflow of $23.62 Million
Bank of America: Market May Quickly Digest Expectations of Fed Rate Cuts in January
Bank of America: Market May Quickly Digest Expectations of Fed Rate Cuts in January
21Shares Founder: Bitcoin Is Unlikely to Recapture the Momentum That Took It to New Highs in January
21Shares Founder: Bitcoin Is Unlikely to Recapture the Momentum That Took It to New Highs in January
Data: Buy/Sell Ratio on Ethereum Fusaka Upgrade Reaches 4-Month High
Data: Buy/Sell Ratio on Ethereum Fusaka Upgrade Reaches 4-Month High
As of the week ending November 29, the number of Americans filing for initial unemployment benefits stood at 191,000, compared to an expected 220,000.
As of the week ending November 29, the number of Americans filing for initial unemployment benefits stood at 191,000, compared to an expected 220,000.
The Bitcoin Policy Institute Calls for Amnesty for Samourai Developers, Petition Surpasses 3,200 Signatories
The Bitcoin Policy Institute Calls for Amnesty for Samourai Developers, Petition Surpasses 3,200 Signatories
Raoul Pal: The Four-Year Bitcoin Cycle Narrative Will Be Broken, Strong Liquidity and Altcoin Season May Arrive in 2026
Raoul Pal: The Four-Year Bitcoin Cycle Narrative Will Be Broken, Strong Liquidity and Altcoin Season May Arrive in 2026