LUNC and LUNA Prices Soar Amid Speculation of SBF Pardon

2025-12-06 18:00

LUNC and LUNA experienced significant price surges on December 6, with LUNC climbing 70.3% to a market cap of $342 million, and LUNA increasing 38.2% to $131 million. The price spikes are speculated to be linked to rumors of a potential pardon for FTX founder Sam Bankman-Fried. LUNC, the native token of the Terra Classic chain, and LUNA, the token of Terra 2.0, have seen renewed interest following these developments. The original LUNA's collapse in 2022, caused by the de-pegging of UST, resulted in a dramatic price drop and significant market losses, with SBF suspected of involvement in the crash. Recent discussions about pardons have fueled speculation about SBF's potential release, impacting market sentiment.

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