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LUNA Jumps 37.8% Amid Rumors of SBF Receiving a Pardon

LUNA Jumps 37.8% Amid Rumors of SBF Receiving a Pardon

Bitget-RWA2025/12/06 19:16
By: Bitget-RWA
- LUNA surged 37.8% in 24 hours on Dec 6, 2025, driven by speculation about a potential pardon for FTX founder Sam Bankman-Fried. - The token, rebranded post-2022 Terra collapse, has risen 92.38% monthly but remains 66.51% below its one-year level. - Market reactions link LUNA's rally to legal developments involving SBF and Terraform Labs founder Do Kwon, whose sentencing is pending. - Analysts highlight renewed investor interest amid regulatory scrutiny and evolving governance models in the post-UST Terra

LUNA Surges Amid Speculation and Legal Developments

On December 6, 2025, LUNA experienced a dramatic 37.8% price jump within a single day, reaching $0.1442. This surge represents a 104.57% gain over the past week and a 92.38% increase in the last month. Despite these recent advances, LUNA has declined by 66.51% over the past year. The latest rally is widely linked to rumors in the market about a possible pardon for Sam Bankman-Fried (SBF), the founder of FTX.

Speculation Around SBF Fuels Market Optimism

LUNA’s recent price action has paralleled growing chatter that SBF could be granted clemency. SBF remains a central figure in the story of the 2022 Terra-LUNA crash, which saw the token’s value collapse from $80 to nearly nothing, wiping out $45 billion in market value.

LUNA price chart

As legal proceedings involving SBF continue, many investors are connecting the overall mood in the cryptocurrency sector to LUNA’s recent performance.

The Evolution of LUNA: From Collapse to Rebirth

LUNA now serves as the primary token for the Terra 2.0 blockchain, which emerged after the downfall of the original Terra network and its predecessor, Luna Classic (LUNC). The catastrophic events of 2022 were triggered by the collapse of the algorithmic stablecoin TerraUSD (UST), which set off a chain reaction that devastated the Terra ecosystem. In response, LUNA was relaunched as part of a new initiative, featuring updated governance and an overhauled economic framework.

Wider Impact and Regulatory Fallout

The Terra-LUNA implosion sent shockwaves far beyond its own ecosystem, contributing to the broader cryptocurrency market downturn in 2022 and prompting increased regulatory attention. Terraform Labs’ founder, Do Kwon, has admitted to fraud and is scheduled for sentencing on December 11. Prosecutors are seeking a 12-year prison sentence, referencing the massive financial losses suffered by investors and the resulting market instability.

Market Sentiment and Analyst Perspectives

Experts believe that LUNA’s renewed momentum is being fueled by speculative trading as well as shifting attitudes within the crypto community. Although the token’s value remains well below its pre-crash highs, the recent uptick suggests that some investors are reconsidering its prospects. Developments in the legal cases involving SBF and Kwon are being closely monitored, as any regulatory decisions could have significant effects on LUNA’s future trajectory.

Future Prospects for LUNA

As the Terra ecosystem adapts and changes, LUNA’s long-term outlook will hinge on the resolution of ongoing legal matters and the success of its new governance structures. While the recent rally is notable, it highlights a market that is still recovering and reevaluating its direction. Investors are approaching with caution but are showing renewed curiosity, especially as the stories of SBF and Kwon continue to unfold.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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