LUNA +96.17% 7D: Surge Attributed to Rumors of SBF Receiving a Pardon

LUNA Price Movements and Recent Performance

As of December 6, 2025, LUNA experienced a slight decrease of 0.45% over the previous 24 hours, settling at $0.1353. Despite this minor dip, the token has soared by 96.17% in the past week and climbed 84.49% over the last month. However, looking at the bigger picture, LUNA is still down 67.88% compared to its value a year ago.

Weekly Surge Linked to SBF Pardon Speculation

The native asset of the Terra 2.0 blockchain, LUNA, has staged a dramatic comeback, nearly doubling in value over the past seven days. This sharp rally comes after a prolonged period of decline, with the market still recovering from a significant annual loss. The recent price spike appears to be fueled by rumors that Sam Bankman-Fried (SBF), the founder of the now-defunct FTX exchange, could receive a lighter sentence or even a presidential pardon. Although there have been no official announcements, these rumors have sparked renewed optimism among crypto traders, especially those involved in the Terra ecosystem.

This wave of speculation has not only boosted LUNA, but also reignited interest in Luna Classic (LUNC). LUNA’s recent price action, despite a slight daily drop, points to a cautious sense of hope and stabilization following a year of steep losses.

Comparing Terra 2.0 and Terra Classic

LUNA’s recent gains set it apart from LUNC, the token representing the original Terra Classic chain. Over the last 24 hours, LUNC has jumped 70.3%, reaching a market capitalization of $342 million, while LUNA’s market cap stands at $131 million. This contrast highlights the split legacy of the Terra ecosystem: LUNC remains tied to the original blockchain that collapsed in 2022, whereas LUNA is the face of the new Terra 2.0 network.

Following the catastrophic crash in May 2022, which saw the UST stablecoin and LUNA plummet from $80 to nearly worthless—erasing $45 billion in value—the community relaunched LUNA to distinguish the new chain from its predecessor. The downfall was partly attributed to actions by SBF and Alameda Research, who were implicated in the events leading up to the collapse.

Investor Sentiment and Legal Uncertainties

Speculation about a possible pardon for SBF continues to influence market sentiment, though no concrete legal developments have been confirmed. Some analysts believe that a favorable outcome for SBF could help ease market nerves and attract fresh investment into the crypto sector. Nonetheless, the Terra community recognizes that LUNA’s prospects depend more on its technical progress and governance than on external legal news.

Despite the recent rally, LUNA’s value remains far below its previous highs, with investors watching closely to see if the token can maintain its momentum amid ongoing regulatory challenges and uncertain economic conditions.

Outlook

LUNA’s impressive 96.17% weekly gain signals a short-term resurgence, largely driven by speculation around SBF’s legal fate. Although the token is still trading at a fraction of its former value, the recent surge indicates a renewed appetite among investors to support Terra 2.0’s future. The coming weeks will be crucial in determining whether this optimism leads to broader institutional participation or remains limited to speculative trading activity.