LUNC and LUNA surged, leading the market, possibly related to the potential amnesty granted to SBF.

According to Mars Finance, on December 6th, based on market data, LUNC saw a 70.3% increase in the past 24 hours, with a market capitalization of $342 million; LUNA saw a 38.2% increase, with a market capitalization of $131 million. The surge in LUNC and LUNA prices may be related to market speculation that FTX founder SBF may receive a pardon. LUNC (Luna Classic, formerly LUNA) is the native token of the Terra Classic chain (formerly the Terra main chain), renamed after the LUNA crash in May 2022, which triggered a deep bear market. LUNA (the new token of Terra) is the native token of the Terra 2.0 chain, reissued through a community proposal after the LUNA crash in May 2022. In 2022, the UST de-anchoring triggered a plunge in LUNA's price from $80 to near zero, wiping out approximately $45 billion in market capitalization—one of the biggest crashes in crypto history. SBF, founder of the FTX exchange and Alameda Research, was imprisoned for allegedly manipulating the crash. Recently, SBF has been speaking out frequently after fellow inmates received pardons, raising the possibility that he might also receive a pardon. However, currently on the prediction market Polymarket, the percentage of respondents predicting "Will Trump pardon SBF in 2025?" remains extremely low at around 2%.