LUNC has been quite lively recently, but the excitement is tinged with a sense of complexity.

First, the bad news. Legally, the 15-year prison sentence for Terra co-founder Do Kwon has been finalized, which has had an impact on market sentiment. The more immediate pressure comes from the price performance — LUNC has fallen 12.6% in the past 24 hours, and the current trading price has broken below the 7-day, 25-day, and 99-day moving averages. This technical signal clearly indicates a short-term bearish trend.

On the good side, there is positive news. The community is pushing for a vote on the v3.6.1 network upgrade, which aims to enhance security, performance, and interoperability. The support from validators is strong, and if the upgrade proceeds smoothly, it could theoretically improve the network's fundamentals. From a long-term perspective, such infrastructure improvements are indeed worth looking forward to.

However, if we consider risk control advice, LUNC is currently in a very awkward position. The signals from smart money movements are unclear — the long and short positions of whales are nearly zero, indicating that large holders are on the sidelines and no one dares to take a clear stance. In this environment of high uncertainty, the direction is unpredictable, and the risks are extremely high.

Therefore, overall, while the network upgrade is a positive development, both the recent price trend and the cautious attitude of market participants suggest one thing: now may not be the best time to participate.