LUNC spikes 40% to $0.00004947 amid Jane Street lawsuit, then retreats 15.6%

Terra Classic's LUNC surged up to 40% over recent days after a lawsuit was filed by the bankruptcy administrator overseeing Terraform Labs' wind-down. The complaint, brought in Manhattan, targets Jane Street over alleged May 2022 trades; LUNC later peaked near $0.00004947 before dropping 15.6%, with some traders shifting attention to the Bitcoin Hyper (HYPER) presale.