Jane Street: $134M Luna Short Exposed in Filings

Jane Street reportedly locked in $134 million by shorting Luna and UST immediately ahead of the Terra collapse, according to unsealed court documents released on May 21, 2026.

The filings detail how the trading firm leveraged non-public information to exit UST positions and initiate shorts on Luna, amplifying profits during the ensuing crypto market crash. Historical context from the 2022 event shows Do Kwon's role in the stablecoin depeg that wiped out billions, with similar patterns now resurfacing in regulatory scrutiny.

Current LUNA price action on the 4h chart sits at $0.06 inside the Bollinger Bands, with price testing upper resistance at $0.06 while RSI at 48.65 remains neutral; this setup points to a likely retracement toward the EMA50 support at $0.07 before any sustained move, especially as the MACD golden cross at -0.0 hints at building bullish momentum against the broader bearish EMA200 at $0.06.