Do Kwon Facing 12 Years in Prison — While USTC, LUNA & LUNC Pump Hard
US prosecutors are pushing for a 12-year prison sentence for Terraform Labs co-founder Do Kwon, calling the TerraUSD collapse a “colossal fraud” that wiped out $40 billion in value. His official sentencing is set for December 11 in New York.
But here’s the wild part… While the founder is on the verge of a decade-long prison term, the very coins tied to the collapse are exploding:
$USTC: +35% $LUNA: +70% $LUNC: +120%
This isn’t organic growth — it’s classic speculative manipulation around a high-profile court date. Nothing fundamental has changed, yet the tokens are flying purely on hype, nostalgia trades, and coordinated volatility plays.
These pumps usually end the same way: Fast up. Faster down. ⚠️
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Do Kwon Facing 12 Years in Prison — While USTC, LUNA & LUNC Pump Hard
US prosecutors are pushing for a 12-year prison sentence for Terraform Labs co-founder Do Kwon, calling the TerraUSD collapse a “colossal fraud” that wiped out $40 billion in value.
His official sentencing is set for December 11 in New York.
But here’s the wild part…
While the founder is on the verge of a decade-long prison term, the very coins tied to the collapse are exploding:
$USTC: +35%
$LUNA: +70%
$LUNC: +120%
This isn’t organic growth — it’s classic speculative manipulation around a high-profile court date. Nothing fundamental has changed, yet the tokens are flying purely on hype, nostalgia trades, and coordinated volatility plays.
These pumps usually end the same way:
Fast up. Faster down. ⚠️