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- 🎨 Gate AI Creation Contest | One Sentence, Draw Your 2026
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Gat
Quan Dao Quan receives a 15-year prison sentence, LUNA/LUNC soars—pardon rumors or market speculation?
【Crypto World】Terraform Labs founder Do Kwon has been charged with fraud and money laundering in connection with the $40 billion collapse of the UST stablecoin and LUNA tokens. A US court ultimately sentenced him to 15 years in prison.
Once this verdict was announced, the crypto community immediately erupted. Many speculated—President Trump has recently shown a more lenient attitude toward crypto-related individuals—could he also grant a pardon to Do Kwon someday? As this expectation spread, the prices of LUNA and LUNC surged, and the market directly voted with their wallets.
Honestly, this story is quite dramatic. From the spectacular collapse of the UST-LUNA ecosystem, to Do Kwon’s imprisonment, and then to this wave of token price rebound, the entire narrative is full of twists. Whether the market is betting on a pardon or just experiencing emotional volatility, it’s hard to say for sure. But this move once again proves that in the crypto market, policy expectations often have a greater impact than reality.