LUNA rose to about $0.2076 (+~39% in 24h; 7-day +188%, 30-day +129%). Daily spot volume increased to $418M (+38%), derivatives volume to ~$816M (+5%) and open interest to $29M (+18%), indicating traders are building fresh positions. The move is event-driven ahead of Do Kwon’s Dec. 11 U.S. sentencing (prosecutors seek 12 years) and was amplified by viral false “release” rumors. Recent ecosystem developments — the v2.18 upgrade (security and ATOM interoperability) and passed Governance Proposal #4844 (discounted OTC liquidity) — provided additional support. Technicals show a breakout from long consolidation, rising momentum (RSI near 80) and higher volatility, but analysts warn the verdict could trigger rapid reversals.

Price rose ~39% to $0.2076 with 24h spot volume +38%, derivatives volume ~$816M (+5%), and open interest +18%, indicating fresh position-building; rally is driven by Do Kwon’s Dec. 11 sentencing (prosecutors seek 12 years) and amplified by false “release” rumors; protocol developments (v2.18 upgrade and Governance Proposal #4844) provided support; technical breakout and RSI near 80 show strong momentum but analysts warn a harsh verdict could trigger rapid reversals.