LUNC Price Skyrockets 160%: Do Kwon Sentencing & Massive Token Burns Fuel Rally

The price of Terra Luna Classic (LUNC) has experienced a meteoric rise, surging over 160% in the past week. This dramatic rally is capturing significant attention from traders and investors, driven by two pivotal events. Firstly, the impending sentencing of Terraform Labs co-founder Do Kwon has introduced a wave of speculation and potential market closure for a long-running saga. Secondly, and more impactfully, the community has executed substantial token burns, actively reducing the massive circulating supply of LUNC. This aggressive deflationary mechanism is a direct response to the hyperinflation that followed the ecosystem's collapse. The combination of legal developments and proactive supply reduction is creating a potent bullish narrative, drawing renewed trading volume and interest to the once-dormant asset. Market analysts are closely watching whether this surge represents a sustainable recovery or a speculative spike, as the community's burn initiatives continue.