LUNA tokens skyrocketed with the news of Do Kwon. LUNA Classic has already doubled as Do Kwon faces a possible 12-year prison sentence, with the DOJ seeking the maximum penalty. Both $LUNC and $LUNA increased with the news. In detail, LUNA rose by 8.13% in 24 hours, reaching $0.1133, with a 60.53% increase over seven days and 50.97% over a month. The burning of tokens has intensified demand, with more than 959 billion LUNC burned in December, including 182.09 million burned on Friday. Do Kwon's sentencing is scheduled for December 11, and U.S. prosecutors have recommended a 12-year prison sentence. However, the South Korean court has requested a 40-year sentence.
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The warning siren for exiting the bull market has long been sounded, yet 90% of retail investors are still frantically bottom-fishing?
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The largest corporate holder of Bitcoin saw its market cap fall $10 billion below the value of its Bitcoin holdings in early December 2025. The stock fell 57% between early October and early December, fueled by Bitcoin's price drop. $BTC 🧡 {spot}(BTCUSDT)
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