Terra Luna Classic(LUNC) suddenly exploded in the past two days—its price nearly doubled.

The cause is quite interesting: CoinDesk reporter Ian Allison attended the Dubai Blockchain Week event wearing a T-shirt printed with the vintage Terra Luna logo, casually chatting and interviewing executives from projects like Mastercard, Ripple, and TON. Within hours, photos went viral on X and Telegram, with people joking, "Is this a sign of a nostalgic revival?"

Of course, the real driver was substantial positive news. A major platform announced support for LUNC's upcoming network upgrade—the upgrade period will see deposits and withdrawals paused, but this precisely demonstrates the platform's strong operational support for the chain. As soon as the news broke, trading volume exploded, with speculative funds pouring in.

Looking at the price chart from December 5, LUNC completed a textbook short-term rally. Network upgrade + topic hype + liquidity support—these three factors combined to create this rapid market move.

The token burn mechanism is also still in operation. The market seems to still hold a glimmer of hope for this once-glorious, now fallen public chain. But remember—sharp increases often come with the risk of sharp declines. Don’t let FOMO cloud your judgment.