LUNA Jumps 39% as Bankruptcy-Related Rally Drives Gains

LUNA Soars 39% in a Day Amid Speculation on Bankruptcy-Linked Tokens

On December 7, 2025, LUNA experienced a remarkable surge, jumping 39.09% within a single day to reach $0.1232. Despite this sharp rise, the token remains down 71.35% compared to the previous year. Over the past month, however, LUNA has gained 64.54%, fueled by renewed enthusiasm for so-called “bankruptcy concept” cryptocurrencies.

According to data from HTX, tokens associated with the collapse of the Terra ecosystem and other major crypto failures continue to attract speculative trading. This trend has brought renewed attention to assets that were previously written off following high-profile bankruptcies in the crypto sector.

Bankruptcy-Related Tokens Lead the Rally

The recent momentum in LUNA’s price is part of a broader upswing among digital assets tied to the aftermath of significant crypto collapses, such as Terra and FTX. USTC, the rebranded version of Terra USD, posted the most significant gains, skyrocketing 78% in 24 hours and reaching a market cap of roughly $69.35 million. LUNC, which originated from the original LUNA blockchain, advanced 19%, while FTT—the native token of the now-defunct FTX exchange—rose 18% during the same period.

This wave of activity appears to be partially driven by increased media attention and speculation regarding potential legal outcomes for Sam Bankman-Fried (SBF), the former FTX CEO. Recent statements from SBF, who remains in custody, have sparked renewed debate about the possibility of a pardon or clemency. However, the Polymarket prediction platform currently estimates only a 2% likelihood that SBF will receive a pardon by 2025.

Volatility and Caution in the Crypto Market

LUNA’s impressive 67.09% gain over the past week stands out, but the token’s value is still a fraction of its pre-crash levels. The latest rally seems to be driven primarily by retail traders eager to capitalize on the speculative nature of these bankruptcy-linked assets. Many of these tokens lack fundamental value but continue to attract attention from those following the dramatic swings of the crypto market.

Market analysts point out that these price movements are largely the result of sentiment and hype on social media, rather than any substantial progress or innovation within the projects themselves. There have been no official announcements of new developments, upgrades, or partnerships from the LUNA team or its core developers.

Despite the recent price action, there is no evidence of technical advancements or ecosystem growth to justify the surge. The token’s performance remains largely disconnected from the broader cryptocurrency market, driven instead by speculative trading within a niche community.

Given the extreme volatility and unpredictability of bankruptcy-related tokens, investors are urged to approach these assets with caution and to be aware of the risks involved in trading highly speculative cryptocurrencies.