Do Kwon Will Appear in Court in the U.S. Today, Will the Price of LUNC Rise?

Do Kwon, co-founder of Terraform Labs, is expected to appear in federal court on Wednesday. Kwon pleaded not guilty to criminal fraud charges earlier this year, with the case currently in the pre-trial phase. Judge Paul A. Engelmayer has postponed the hearing multiple times since March to address a joint letter from both parties. Additionally, prosecutors from the U.S. Department of Justice have requested more time to review a large volume of new evidence before them. This also allows the defense to reassess the substantial discoveries and prepare their defense in the case. The case hasn’t even reached the main point yet, as the full evidence will be revealed to the public in court during the hearing of the conference. However, the federal court has required the parties to file for trial by July 1, 2025, and the jury trial has been rescheduled for February 17, 2026. The Terra Luna Classic community is waiting to see if a new prosecutor in this case will bring additional charges or change the existing ones. The hearing before the upcoming trial will be very important for LUNC, USTC, and LUNA. Some believe that Kwon could be pardoned by U.S. President Donald Trump, according to predictions from Kalshi and Polymarket. The community is also discussing reactivating the market module that was disabled during the Terra-Luna crisis in 2022. The developers Vegas and StrathCole have submitted a proposal to reactivate the market module, which is said to be aimed at preventing the depletion of the oracle pool. LUNC price increased by 1.7% in the last 24 hours, with the current trading price at $0.00005624. The low and high in the last 24 hours were $0.00005515 and $0.00005635, respectively. However, trading volume has decreased by 40% in the last 24 hours, indicating a decline in traders’ interest.