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The recent surge in LUNC was sparked by something rather unexpected—a CoinDesk moderator wore a T-shirt with the “old LUNA” logo at a blockchain week event hosted by a major exchange, which set the market abuzz.
Meanwhile, the legal battle over at Terra is still ongoing. Prosecutors are insisting that Do Kwon should serve at least 12 years in prison, while his defense team just pleaded with the judge last week, hoping for a 5-year sentence instead. With such a wide gap between the two sides, the sentencing hearing on December 11 is expected to be intense.
On one hand, renewed hype is being fueled by old stories; on the other, the founder’s fate remains uncertain. LUNC holders are probably feeling quite conflicted right now.