LUNC Market Cap Crosses $500M Again
Terra Luna Classic's $LUNC token is up 12% in the last 24 hours, according to Coingecko.
Further, the asset has crossed 500M in Market cap for the third time in the past month.
With a 50%+ surge over the past 30 days, the question is whether $LUNC can sustain this momentum and hit its previous peak...
🚨This could be the largest insider trading scandal in crypto history.
Jane Street made $134 million by shorting Luna and UST right before the Terra collapse.
Newly unsealed court filings reveal that Jane Street did not just use their insider information to close their UST position but they also used that information to short Luna and cash out $134 million as the entire Terra ecosystem collapsed.
The insider access came through a private Telegram channel called "Bryce's Secret," run by Bryce Pratt, a former Terraform intern who moved to Jane Street.
Their largest single trade was an $85 million UST sale on Curve Finance executed just 9 minutes after Terraform quietly withdrew $150 million from the same pool with no public announcement.
After being identified by on chain analysts, internal communications show traders discussing how to "decommission" their wallets.
Five days after UST hit zero, Jane Street offered Terraform's head of research a job and he started two weeks later.
What is going on with Terra Classic $LUNC?!
@terra_money Classic is currently up an outrageous +77% on the month which, given its market cap of over $450 million, is no joke at all.
The $LUNC token has tumbled over the week, now down -20%, but that isn't enough to mask its strong start to Q2 2026.
Anyone know what's behind the performance?!
🌟 $LUNC has attracted a lot of attention with its recent surge. CZ has been a major supporter of the Terra Classic community. Boosted by CZ's support, the Terra Classic community has been working on this for over four years.
We're curious about CZ's opinion on the current situation. What are his thoughts on $LUNC? Let's get our question to CZ by liking and retweeting this post.
#CZ #Binance #LUNC @cz_binance
In the past 48hrs I've made some of the toughest decisions I’ve ever faced, and now a reckoning is coming for LUNC, bad validators will be rooted out, remaining TFL assets will burn and true decentralization will return to Terra Luna Classic. Mark my words🔥🚀🌕
Binance exchange's April $LUNC burn has taken place. A total of 522,448,770.577114 $LUNC were sent to the burn wallet. Binance, which has been burning $LUNC for almost 4 years, continues its uninterrupted support to the Terra Classic community.
#Binance#LUNC#TerraClassic
👉 Are we ready for a USTC staking system?
👉 Could this be the final path forward for depeg-affected holders?
A chance to turn idle supply into utility.
A chance to rebuild confidence.
A chance to move forward.
💬 What do you think — is this the right direction?
#USTC#LUNC #TerraClassic #USTCRecovery #USTCStaking #USTCRecoveryPlan #Crypto #DeFi #LUNCCommunity $lunc $ustc #lunaclassic
And there it is: Jane Street was behind the 2022 crypto winter, destroying Terraform by first depegging the token and destroying the ecosystem, then pretending it would rescue Terra, while effectively it was soaking up what little value remained.
🚨 THE BIGGEST CRYPTO MYSTERY HAS FINALLY BEEN RESOLVED.
Who crashed Luna and UST to 0 and brought down the entire crypto market in 2022?
Jane Street.
The same Jane Street accused of "10AM manipulation" also front-ran the 2022 Terra collapse.
In February 2026, the Terraform Labs bankruptcy administrator filed a lawsuit in Manhattan.
They accused Jane Street of causing the Terra collapse.
For those who don't remember, UST depegged in May 2022.
This caused LUNA to hyperinflate due to its mechanism, and $40B was wiped out within days.
Later, the same collapse had a domino effect, which started a brutal crypto winter.
As per the lawsuit, UST depeg was a smart playbook by Jane.
Here’s the timeline outlined in court:
• In May, Terraform quietly pulls 150M UST liquidity from Curve
• Minutes later, Jane Street allegedly dumps 85M UST
• Panic spreads
• Depeg accelerated, and a collapse happened.
The complaint also claims Jane Street had advance knowledge via a private group chat called “Bryce’s Secret.”
A Jane Street trader who was a former Terraform intern and provided insider information.
But that's not all.
The suit alleges Jane Street:
• Avoided $200M+ in losses
• Profited during the meltdown
• Positioned themselves while retail was wiped out
Jane Street has denied everything and called the lawsuit “baseless.”
But the timeline indicates that Jane Street maybe behind all this.
And this begs a very important question.
What if the real culprit behind the October 10th crash is also Jane Street?