The post Why Are Terra LUNA and LUNC Pumping Today? appeared first on Coinpedia Fintech News
The Terra ecosystem is suddenly back in the spotlight after months of silence, as both Terra Luna (LUNA) and Terra Classic (LUNC) exploded in price with no major official announcement. LUNA surged nearly 70%, touching the $0.11 zone, while LUNC shocked the market with a massive 122% rally.
The sudden jump has everyone asking: Why are Terra’s crashed tokens rising again now?
A Viral T-Shirt Sparks a Market Frenzy
One of the biggest triggers came from an unlikely moment. At Binance Blockchain Week Dubai, CoinDesk journalist Ian Allison was seen wearing a vintage Terra Luna logo t-shirt while interviewing executives from Mastercard, Ripple, and TON.
Within hours, the image went viral across social media, sparking nostalgia for one of crypto’s most controversial altcoins.
Since CoinDesk has earlier spoken positively about Terra Classic’s community comeback, this moment excited many retail traders.
People started calling it a “Terra comeback sign,” and it helped push LUNC into a big 122% jump.
Do Kwon’s Sentencing Adds Fuel Before December 11
Adding to the attention, Do Kwon’s sentencing is scheduled for December 11, where U.S. prosecutors are pushing for 12 years in prison for the 2022 UST collapse that erased $40 billion in user funds.
This case has brought Terra back into the spotlight, contributing indirectly to the renewed volatility around both tokens.
LUNA Also Pumps as Upcoming Chain Upgrade Boosts Confidence
Alongside LUNC, Terra (LUNA) also saw a strong price rally, rising nearly 70% and trading close to $0.11. A major reason behind this sudden pump is the upcoming v2.18 chain upgrade scheduled for December 8.
Binance has officially confirmed support for the upgrade and will temporarily pause deposits and withdrawals during the process.
Meanwhile, popular crypto trader Captain Faibik also highlighted a key technical signal. According to him, LUNA has finally broken out of a long-term falling wedge, a pattern that often leads to strong upward moves.
Faibik says that LUNA could first rise toward $0.06–$0.08. If momentum builds, the next target is $0.20–$0.30. His biggest target is around $0.31, a 300% jump from current levels.
LUNC Breaks 2-Month Downtrend and Hits a 5-Month High
On the other hand, Terra Classic (LUNC) broke its 2-month downtrend and briefly hit $0.000070, a 5-month high, before easing as traders took profits.
Top crypto analyst JAVON MARKS says this move reset a key bullish divergence, which is often seen before big upward moves. He believes LUNC could still have room to grow, with a possible 270% upside toward $0.00021 if momentum continues.
With both LUNA and LUNC showing strength, the Terra ecosystem is back in focus for traders.