Aster lists $1000LUNC perpetuals with 5x leverage as LUNC surges 100 percent after the Do Kwon verdict, fueling new momentum.
Author: Chirag Sharma
Aster Perpetual has officially listed Terra Luna Classic (LUNC) through its new $1000LUNC market. It is offering traders 5x leverage and fast execution on its Layer 2 infrastructure. The listing arrives at a moment of intense market attention. $LUNC has already doubled in the past week, fuelled by dramatic developments in Do Kwon’s long running legal saga and a surge in community activity.
The Aster team framed the listing as a strategic addition during a period where $LUNC’s volatility is drawing global trader interest. With more than $15 million in 24 hour volume shortly after launch, the pair is tracking one of Aster’s strongest early reactions for a new listing.
For the Terra Classic community, this moment represents a symbolic comeback. Years after the 2022 collapse, $LUNC is again in the spotlight as traders explore new vehicles to participate in the token’s revived momentum.
Do Kwon’s trial concluded on December 5 with a sweeping guilty verdict on charges including wire fraud and market manipulation. The decision gave investors a sense of closure. For many, the verdict removed the lingering uncertainty that had shadowed $LUNC since the collapse of Terra.
The market reacted instantly. LUNC jumped more than 120 percent within hours of the news. Trading volume hit levels not seen since early 2024. Social sentiment flipped from caution to renewed optimism, with active wallets rising and long dormant holders moving funds on chain.
Community voices framed the verdict as a turning point. Without the overhang of legal speculation, traders viewed the token through a fresh lens. Combined with burn initiatives that removed over 300 billion supply since the crash, the narrative shifted toward reconstruction rather than damage control.
Whale participation supported the rally. Several large buys, including a $10 million purchase tracked by Arkham, added fuel to the surge. Analysts noted that bullish technical signals aligned with the sudden shift in sentiment, helping the move hold through initial volatility.
Aster’s listing arrives during peak demand for LUNC speculation. The $1000LUNC pair offers a simple way to trade LUNC at scale, with accurate oracle pricing and reduced risk of manipulation.
The platform’s 5x leverage cap attracts both retail traders and professionals who prefer controlled exposure in volatile markets. Aster’s Layer 2 execution lowers gas costs and ensures fast order flow, which helps traders respond to rapid price swings.
Early metrics show strong adoption. More than $15 million in volume within the first day signals rising confidence in Aster’s trading environment. Liquidity mining incentives for LUNC pairs add additional reasons for traders to explore the venue.
The listing also introduces new forms of utility. Liquidity providers earn boosted rewards. Traders can build strategies that combine volatility with Aster’s execution tools. These benefits give LUNC a functional role beyond its memetic appeal.
The road ahead holds potential and volatility. LUNC’s sharp surge creates opportunities, yet leverage amplifies downside risk. We expect pullbacks as traders reposition, though active burn activity and rising integration efforts continue to support long term sentiment.
The Terra Classic DAO has outlined future upgrades that include cross chain expansion and NFT ecosystem revivals. If these developments progress, LUNC may extend its utility rather than rely solely on speculative waves.
For now, traders are focused on momentum. Aster’s listing gives them a new arena to express that view, and LUNC’s recent price action suggests enthusiasm remains high. The combination of legal closure, increased liquidity, and derivatives access places LUNC in a unique position as 2026 approaches.
Our Crypto Talk is committed to unbiased, transparent, and true reporting to the best of our knowledge. This news article aims to provide accurate information in a timely manner. However, we advise the readers to verify facts independently and consult a professional before making any decisions based on the content since our sources could be wrong too. Check our Terms and conditions for more info.
Bitmine Purchase $236M in ETH as Lee Calls It Wartime Asset
Welf Finance Launches Regulated Wealth Platform in DIFC
AAVE Token Goes Live Natively on Solana via Sunrise DeFi
Ethereum Foundation Unstaking ETH Sparks Sell-Off Speculation
Bitmine Purchase $236M in ETH as Lee Calls It Wartime Asset
Welf Finance Launches Regulated Wealth Platform in DIFC
AAVE Token Goes Live Natively on Solana via Sunrise DeFi
Ethereum Foundation Unstaking ETH Sparks Sell-Off Speculation
