Three years after the collapse of LUNA and UST, Terra founder Do Kwon is still in the midst of a legal battle, and after today's news that the U.S. Department of Justice (DOJ) is seeking a 12-year prison sentence, Luna Classic (LUNC) is up 130%.

Luna Classic is the original Terra network token at the center of its algorithmic stablecoin model that spectacularly collapsed in 2022. The downfall of Terra’s UST stablecoin is considered a primary contributor to the FTX collapse and 2022-2023 bear market. Following the collapse, the Terra 2.0 hardfork was launched with a new token under the LUNA ticker.

It was reported today that Trump’s Department of Justice, which has been known for its leniency with crypto founders and companies, is seeking a maximum sentence of 12 years in prison for Terra’s founder, Do Kwon.

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