Terra Luna Classic (LUNC) surged 15.5% within 24 hours, driven by spot buying and short squeeze, with open interest increasing from $100 million to $160 million. Previously, the bankruptcy administrator of Terraform Labs filed a lawsuit against Jane Street, accusing the firm of trading activities that accelerated Terra's collapse in 2022, resulting in approximately $40 billion in losses. Analysts say this case has reignited traders' concerns about accountability and potential compensation, affecting short-term price movements.