Do Kwon sentenced to 15 years, Terra ecosystem tokens collectively plummet over 10%

HashBandit · 2025-12-12T00:18:19+00:00

【CoinPush】Terra-based tokens all plummeted today.LUNA dropped over 11% in a single day, with its market cap shrinking directly to $138 million; LUNC fared even worse, evaporating 14% within 24 hours, with a market cap remaining at $336 million; the stablecoin USTC also couldn't withstand the pressure, falling 15%, with a market cap of only $57 million.Behind this sell-off is a major news story—on Thursday, the Southern District Court of New York announced that Terraform Labs founder Do Kwon is in trouble. Due to the incident involving the collapse of Terra and Luna back then, this guy was sentenced to 15 years in prison.Interestingly, the prosecutor initially only requested a 12-year sentence (, citing that this person had a prior record and that the scam scale was too large ). His own legal team even pleaded for just 5 years. But the judge made the final decision—15 years, even harsher than the prosecution’s expectations.The market indeed moves quickly with its feet, and as soon as the sentencing news broke

HashBandit

2025-12-12 00:18:19

【BitPush】Terra ecosystem tokens plummeted collectively today.

LUNA dropped over 11% in a single day, with market capitalization shrinking to $138 million; LUNC fared even worse, evaporating 14% within 24 hours, with a market cap of $336 million; even the stablecoin USTC couldn’t hold, falling 15%, with a market cap of only $57 million.

Behind this sell-off is big news—on Thursday, the Southern District Court of New York announced a ruling that Terraform Labs founder Do Kwon is in trouble. Due to the collapse of Terra and Luna back then, this guy was sentenced to 15 years in prison.

Interestingly, the prosecutor originally only requested a 12-year sentence (, arguing that this person had prior convictions and that the scale of fraud was too large ), while his own legal team even pleaded for only 5 years. But the judge decisively sentenced him to 15 years—more severe than the prosecution’s expectations.

The market’s reaction was swift—once the verdict was announced, tokens within the entire Terra ecosystem immediately declined. It seems investors have completely lost confidence in this once “most stable” project.

LUNA-3,18%

LUNC-6,21%

USTC-3,72%

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MrDecoder

· 2025-12-14 10:44

15 years... This guy really plays big, but to be honest, going to jail can't save those retail investors who are trapped.

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notSatoshi1971

· 2025-12-12 04:12

Fifteen years, the judge is really ruthless. Do Kwon is completely doomed this time, he deserves it.

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GateUser-e19e9c10

· 2025-12-12 00:48

15 years. The judge directly sentenced Do Kwon to death... Luna holders have long awaited this moment.

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PseudoIntellectual

· 2025-12-12 00:43

Do Kwon must be sentenced; this time the judge was not lenient. It's just unfortunate for those retail investors who took over the losses, now suffering even greater financial damage.

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PumpStrategist

· 2025-12-12 00:36

The chip distribution shows that this wave of sharp decline is not supported by technical factors, but is simply an emotional release. That LUNA pattern, it should have died long ago. Wait, 2015? The judge's move was even harsher than the prosecution's, very interesting. The market reacts so quickly, indicating that retail investors have been caught again. A 15% drop in USTC is the most ironic—stablecoins can drop like this, a typical panic sell. Looking at the trading volume, it's clear that this isn't a true bottom signal. Honestly, Do Kwon's situation was bound to happen today. But seeing these data, I recall—those who chased in have already lost in terms of probability strategy. It hasn't fallen enough. For events of this judgment level, there is still support technically. The bottom has not yet formed, everyone stay calm.

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