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Home BlockchainJane Street Lawsuit Fuels Late Double-Digit Pop in Terra Luna Classic
Blockchain

Jane Street Lawsuit Fuels Late Double-Digit Pop in Terra Luna Classic

by Decrypt
written by Decrypt 0 comments
Jane Street Lawsuit Fuels Late Double-Digit Pop in Terra Luna Classic

In brief

  • Terra Luna Classic (LUNC) has jumped double digits on the day, up nearly 30% over the past two weeks.
  • Open interest jumped from $100M to $160M as futures CVD signaled short-squeeze dynamics.
  • Bitget’s Lee says the legal narrative, not fundamentals, is driving renewed market attention.

Terra Luna Classic (LUNC) has jumped double-digits over the past day, in a late reaction to this week’s lawsuit filed by Terraform Labs’ bankruptcy administrator against trading firm Jane Street.

LUNC surged 15.5%…

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