LUNC Price Surges by 25% After Jane Street Lawsuit and Anticipation of Binance Burn

Terra Classic (LUNC) has experienced a significant price surge after a civil complaint was filed against Jane Street, a prominent high-frequency trading firm. The lawsuit accuses the company of using non-public information to front-run and accelerate the collapse of TerraUSD (UST). This development has contributed to LUNC's price increase, which is also being fueled by anticipation for Binance's upcoming monthly burn program.

The lawsuit, filed on February 24, 2026, alleges that Jane Street used non-public information to manipulate the market and accelerate the collapse of UST in May 2022. The collapse erased approximately $40 billion in market value within days, triggering a broader crypto market downturn that extended well into 2023.

LUNC's price has broken above the neckline of a cup-and-handle formation on its 4-hour chart, with the token currently trading at $0.000042. This breakout is considered bullish, and analysts are predicting that the next Binance burn could lead to higher highs for LUNC's price.