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Hello,

I read today's news that South Korea has arrested the founder of Terra Do Kwon and five other people because the founder of Terra Luna is facing allegations of violating the country's capital markets law
I hope that the Luna Classic coin will not be affected by this news of the arrest, it is sad to be surprised by this news after the Luna Classic coin witnessed great heights and delighted the crypto community :(

What do you guys think?
What is the fate of the Luna Classic coin after the arrest of Do Kwon? Will after this bad news investors will continue to HODL the LUNC coin?

Source: https://cointelegraph.com/news/south-korea-issues-arrest-warrant-for-terra-founder-do-kwon

Why are you asking this just now? Isn't it that when the original Luna has dropped together with UST, that's already a sign that people should have their enough from these projects? And now with the arrest, it's obvious that you should have just dumped the token when it was pumping.
After that problem they've got, there's really no more credibility on the people behind these projects. Think of a stable coin that has dropped to zero, damn, that's already a total red flag.

The effect will still be there even if LUNC is no longer under the same developer of LUNA, DK should face that consequences and this should be serve as a lesson to everyone. The arrest of DK will put more risk on the project LUNC, I don’t know but if LUNC can’t survive from it’s current correction most probably we will not see its pumping again in the coming days, if you recently bought LUNC, better to cut loss now.

After being over bought, now LUNC enters into a correction phase which I think is a good one so better not to panic and analyze the trend with the effect of this news.

Honestly, the arrest might bring back the trust of investors to LUNC since many will enjoy that justice and of course this is a new opportunity for the new developer of LUNC to make their name for their own and better for them to totally disassociate this project to DK. We can’t tell the future trend correctly, if you didn’t trust this project anymore better to sell now and regret nothing.

This arrest can mean a lots of bad news for this project and I think investors will start dumping it with time if things are not resolved properly. I know some persons that had made some good profits from the rise of the Luna even though it looks literally a big risk to investors who might see it as an opportunity.
This is a bad news and this could create an end for this project and the partners. Some many investors had already been in a big loses since the first dump of terra and now things are getting worse.

More death trap for all-investor.

You already got a scam at the beginning but still investing on the 2nd token? hell nah. I feels bad for a lot people who are a victim of LUNA but for the people who are still investing with the 2nd token (Why you never take a leason).

Trust is important, If the trust already lost no matter how good you are not gonna work.

Do Kwon has an arrest warrant but not sure whether he is arrest, but it is not a surprise because he was a scammer from the beginning withdrawing millions monthly and with the rug pull i am surprised that there are users believing that the coin would pull through. Just move on rather than investing again in this scam as it is not going anywhere and i hope Do Kwon will be behind bars  :P.

If there is justice in the arrest then surely people will start investing in this platform.If they can update this Luna platform more and if they can fix it after the arrest then Luna platform can be a bit self-sustainable.But I think Luna is on the mend a little bit.But we are always hopeful that corrections can be made after arrest.

maybe teraform has disbanded and needs to be vigilant if you still want to maintain the asset network. This is surprising even though a few moments ago LUC experienced a significant pump. If you have enough assets in LUC and the like, please calculate your risk. DWYOR. If the purpose is for a collection like mine, it is to commemorate the history that the event has ever happened, that's the right for the holder.

speaking in good terms, maybe in the future someone will acquire or continue the developer, in my opinion, you have to work hard, improve reputation, trust investors and remove stains by being born again.
I think if it's another bad thing then this network will be legally frozen for evidence.

The arrest would have happened before now. I was expecting South Korea to get him locked up before the creation of terra's classic. Was he expecting to be scot-free after he rugged pulled everyone? This arrest is the pure end of luna's classic. What remains now is for every investor hodling Terra Classic to dump it and move on. Luna should be taken as the worst investment gone wrong in the history of crypto.

It's just sad, seems everything is planned and manipulated. The Terra Luna Classic was pumping last week before the news about arrest warrants for the founders have been released. They were celebrating about the pump until this bad news happened.
I'm sad for those people who trust again this project, one is enought.

If lunc founder arrested and this news published on media it will be very bad for Lunc project and also lunc price. Tornado cash was down 3x because of this news and lunc will also down after this news.
I recommend to sell lunc and buy other coin which has no risk  Matic and Lido is good investment for now.

I really hope that this means this coin is finally going to disappear, I know there are people that decided to take the risk and invested in that coin after it crashed, but that was their decision, no one made them do it, out of their own volition they decided they wanted to take that huge risk knowing that the arrest of the Luna founder was just a matter of time, so if someone happens to lose money in this coin when we all knew it was a scam then the only thing I can say is that I'm not really sorry for them and that they should have known this was coming.

Why do we still need to speculate as to what is going to happen to LUNC?
We've seen what it had done to the market and to it's investors already, so not sure if people are still willing to put their hard earn money on this project. Unless they wanted to have a pump and dump and take that profits right away so at least lessen the money that they have lost.

So it will be obvious that when the founder is going to be arrested and sent to jail, it very well collapse. But then again, there are manipulators around, who are going to play people's sentiment and again do their thing, keep it running through pump and dump scheme.

Why hoping that Luna Classic will not get affected by this news? Are you holding Luna Classic like other ignorant investors out there?

This might be harsh for you, but you have been in the forum for a long time already and yet you don't know that news like this will always have a negative effect towards the project. Just after the article was posted, 2 of their shitcoins LUNA and LUNC dropped double digit percentage which is a good thing and they deserved to get arrested after what happened in their previous project.

Fate of Luna Classic? I just hope that it will be removed in Binance and other huge exchanges. Do Kwon is simply trying to regain the trust, but he can't and will never regain it after what happened last time. There is no sense in holding their shitcoins and traders will just use these coins as a pump and dump coin.

The immediate reaction of market was very negative to news of Du Kown arrest warrant. It is better to take exit because its price may fall further in coming weeks unless you have invested small amount which you can afford to lose if LUNC crashes again and makes new bottom. The idea of Burn Tax was not bad and some exchange had supported it but if DU Kown is arrested then massive selling is likely to happen & some exchanges may delist it.

Almost all coins when the owner has legal problems the price immediately plunges drastically and there are almost all market delist trades, ever I hold Centra coin have been listed with Binance exchange market but when developer under arrest price drop drastically and Binance announce for delisting trade without few days after the owner get problem.

Terra Luna network looks will drop drastically few days later but depending with cases faced by Do Kwon, he will get second chance for explaining what happen with all Terra Luna Network price drop drastically last several months and he tries replace with new Terra Luna coin version.

I told you guys months ago to stay away from Luna. It’s pretty ironic that right after it pumps there is news of him getting arrested. Why didn’t they do this months ago?

Luna had a huge pump, largest alt pump I’ve seen in a while and shortly after this news comes out. I think someone led this pump because they knew what would happen.

This was a dead project that has not been in development for a time, what you are seeing is nothing more than the hype of the sharks at the moment. With the news that the arrest of Luna's CEO will have a short-term price impact but no long-term impact as Lunc is indeed dead.

No coin is 100% safe here, mate. I completely disagree with you when you say that matic and Lido are risk-free, even bitcoin has no guarantees that it is risk-free. The nature of investment is inherently risky and cryptocurrencies are considered the riskiest investment channel.

-   Maybe when the value of Luna classic pumped up they already knew that this would be the result of the court verdict, now before this announcement, its value is gradually decreasing according to the Binance exchange, imagine it pumped 0.00049 $ and now it falls playing between 0.00027$.

But I think even if there is an arrest warrant, the only thing that will happen here in luna classic is pump and dump, it's quite risky to buy it or we don't know if it will be listed in the exchanges where it is listed in cryptocurrency.

that's all that will happen to Luna and Lunc's assets. even its stable assets have also decreased. schemes that occur in the market like that will just pump and then throw. like that continues. and I'm increasingly convinced that it's part of the team's manipulation.
they already look at risk after their case. it would be unreasonable that they would get investor support again. so it's just part of the pump and dumps to make more money for them.

In my opinion if lunc will be dead but it's already dead. Only those gamblers and stupid scalpers who are always taking the advantage from the uncertainty of luna classic and new luna. It seems like do kwon only is not enough. All of team that involved in terra luna foundation must be jailed as well. I hope that south korea will consider to create a partnership with interpol to catch all of those people behind terra foundation platform. People who bought at hundred bucks will never get their money back again. The future of lunc is full with uncertainty.

What difference does it make to you what investors will do, but it is easier to call them forced hodlers. The price of the coin is small and there is no point in selling it. The main thing is that new users do not lose money on this and do not buy this coin. Now only speculators make good money in this market.

True that it is almost impossible to recover for a project  after 99.9% crash which had shook the whole crypto industry. Whatever new idea Luna team comes up with this project not attract investment from genuine investors, only speculators will make money by trapping the small investors. It remains to be  to be seen how All 6 accused of Terra Farm Labs are arrested as they have have already moved their offices to Singapore.

Currently the price of the LUNC coin is experiencing a price decline although in the last few days if we see there is a slight price pumping, I think the decline experienced by the LUNC coin is probably due to the news of DoKnow's arrest which made LUNC coin investors panic and decide to sell together in large quantities, if you are a LUNC coin holder you should immediately resell it if the price has risen past the price when you bought it, because it will be useless if you plan to hold on to a project that is already in trouble.

Just like its owner who will gonna be worthless after his arrest. Now people should really take heed of what's really going on here because this is a big lesson for everyone who jumps to invest in some hype coins, especially newbies. They got arrested because the evidence against them is solid and no matter what they say about their point of view doesn't matter anymore because in the first place they already plan to do such a thing in order to get away with their scams and thankfully the authority acted fast before they get out from the country.

The Terra Classic blockchain will continue to run and life will keep going without Do Kwon. The arrest can result in forced dumps on the market but in long term, Terra Classic won't need Do Kwon to be alive and recover.

However, there are correlations between Terra and Terra Classic and you can imagine it like correlation between Ethereum and Ethereum Classic even after years since the DAO hack and hardfork, they are different projects. Similarly, if by any reason, Do Kwon will never involve in Terra Classic, it is good for LUNC community but don't forget by one way or another, Terra and Terra Classic will still have correlation on market. Good or bad news for Terra will have impact on Terra Classic.

This news came to my attention when I went to find out the reason for the high price hike of Luna Classic. But Luna Classic was still trying to raise its prices at that moment. I was a bit confused as they are being cheated how these coins are increasing in price? Anyway Luna decline started and continuing to the dip again.

No OP, news like this is not surprising already because they already have a warrant of arrest even before so everyone is expecting already that they will be caught one day and sent into jail and here it is finally. The day has come for them. I hope that people who lost millions before and those who lost their own lives will get their justice now.

For those who invest in the new luna coin, well that was already their fault if the coin collapsed badly because of this news. We never fail to gave them a constant warning about the possible risk of this luna classic and yet they still insist to continue. There are some people who really have a hard head.

LUNC is not doing anything with the founder not arrested neither, so it would not make sense to expect anything more from them when he is arrested too. The only answer would be they would arrive where they would normally arrive a bit quicker, that seems like the case, aside from that they are a coin that will go down and be zero eventually anyway, I am not really seeing them being "zero" but they will be basically not in anyone's mind and only have a few thousand followers like a brand new project, nothing bigger than that.

It may take a bit of time to get there but I guarantee you that it will get there for sure, and you should get out before that happens.

Can't guarantee with Terra Classic blockchain will continue without Do Kwon as the owner, usually I have comparison with other altcoin network become scam when the owner have under arrested, but still different with Terra Classic blockchain because not have official announcement yet with Do Kwon will spent his life under arrested. I think Terra Classic Blockchain team will try to help Do Kwon what problem faced before with old Luna and UST coin drop drastically.

Until several days after announcing about Do Know under arrested still not have new update what happen with Do Kwon, he has spent his life under arrest for longer time or he has chance to proof about not any mistake and fault made after Luna and UST price drop drastically last several months.

It is obvious, when a founder is arrested the market will crash to oblivion.  One best example is Centra, when their founders got arrested and jailed, Centra become worthless.  Now I feel sorry to those who blindly follow and trust the founders of LUNA.

In my opinion, I believe it is best for the holders to sell what they have before it declines fast.
We don't know what will happen afterwards. The owner can easily abandon the LUNC if he will be jailed.
Few months from now, I think that the price of LUNC will drop hard, better get out before it is too late.
I think, some of his co-owners are already securing their own pockets before they are totally gone in this market.

I am also been very vocal about the LUNC shits.  I keep on stating about the possibility of the founder to be issued with warrant of arrest.  We have seen the previous development in South Korea preventing their staff to go out of the country.  It is obvious when a country does that, they have something preparing and now we know, a formal complaint and an arrest of the suspected people.

I believe the group behind the current pump of Luna has info about this and they just made the last attempt of milking the market by pumping it and it looks like they are somehow successful.

I don't know what kind of news is still needed or will be enough for you just to act the right way.

If they don't know anything about some legal stuff with SK's capital markets law, how can they even manage smoothly their coin?

What to do? It's up to you. Observe the market or decide to pull out.

Since everything is uncertain, investors should think out of the box.

It's better to still have a good return rather than still hope for the project's good development and in return, their hope didn't happen.

Simply, if investors will pull out, that will bring the price to went down. If ever those LUNC guys are able to redeem themselves, the hype will build again and these investors can buy back at a much lower price. For those who bought at the peak, lesson learned is all I can say.

To be honest, I no longer expect anything from the Luna projects, but there are many people who are still with Luna in the hopes of making a profit in the long term or possibly in the short term. Actually, I believed that there were some traders who actually traded on Luna on a short-term basis. There are also some long-term holders of Luna because of the binance and FTX because they support Luna openly. But what actually happened is that they lost the trust of the people. Now the recent news of the arrested luna founder, well, I didnt want to comment on whether it was a good decision or a bad decision via the government, but it is not good for the market. Maybe there is an end to the luna or maybe another person will come and take the luna to the next level. Though what I already said, I do care and that's my opinion. Others might be different. Thank you.

Bullshit right? A huge pump few days back due to the burn tax and now a news of him issuance of warrant to arrest Do Kwon. It seems like some shady activity happening on the inside. Its not that they should have arrested him long time ago but the sequence of the events is kinda feel fishy.

Its like they cashout first due to massive pump and then dragged it down to let the price dump hard again. Really a pnd with a very bad founder.

Their questionable pump shocked some investors thinking about what really happened to this project. We can speculate that this so-called arrest is somewhat like a drama pretending into something that can't urge the Owner to bring back the money of their investors - an exit scam story, again. I wasn't surprised anyway, as in the first place I have no trust in them but am too sorry for those who put in their money and help these scammers to grow as now they realize their mistakes of choosing a non-reputable project.

Normally the price of the LUNC coin will surely drop, the normal reaction of its investors or holder of the coin is that they will surely dump the coin, and it will lead to a very bad market response because of the situation. No one will think positive right now because of this news so if i were you i will sell the coin.

I think, once is enough.
I admit I bought a bit of LunC for like $10 after the fall, just in case the team will miraculously finds a solution. Maybe the burning mechanism would help recover even at least at 50 cents. But, it would very bad idea if you'd put another huge amount into it after it collapsed. There was an issue there that the founder is well aware of, but he let it happen. Now, he got arrested. Things are pretty clear now. He got exposed.
Do you think people would still trust this project even after the arrest of the founder?

Just closed my deal on Binance, shorted 1000LUNC from 0.4563 after the pump. It was good deal.

I don't think that this coin will be profitable for investment, like XRP. They can rename the coin, but result will be the same.

Of course the price will continue to drop if it's proven legit, if it's proven wrong then LUNC price will arise a bit. Even the case has nothing to do with LUNC since it's about the founder and his country law, many weak hands obviously will panic and sold all of their coins.

Have you remember XRP lawsuit case last year? I think it's quite similar since previously the coins can be in top 3 and after that case happen, the coin goes around top 20-30.

If we look at the price of LUNC which has dropped drastically since the news of Do Kwon's arrest, I think we can predict the possibility that the LUNC price
will continue to decline lower and lower. There is even a possibility that it will be close to zero and if it is like that it is already impossible to recover again,
the next thing that will happen with LUNC is it will be kicked out of from exchanges. Eventually LUNC will disappear and be replaced by other projects.
So don't even think about buying LUNC, although I admit the price is very cheap nowadays, but if we buy it, there is only make us lose money.
So if there are still investors holding LUNC, it is better to sell LUNC immediately, before LUNC could not be sold because there was no demand and
the volume was already very low.

I am still remember when first Luna coin version drop until left one buy order on Binance with lower price, I invested $10 and few days later earn profit above $500 after price pump drastically although later change with new Luna version. I am waiting re investing if Luna or Lunc coin back drop drastically and left few buy order on Binance. I think have new chance with Lunc or Luna back to higher price but I don't brave for investing bigger amount with Terra network coins again.

Enough with how many time price drop drastically and developer change their coin to new version and make many investor loss much money after investing with old Luna coin.

I think the future of Luna Classic is still full of uncertainty, meaning that investing in LUNA and LUNC is a risky thing, especially Do Kwon, who is currently facing an arrest warrant from the South Korean authorities. in the Terra network will leave, because public trust in the new or old Terra network has not returned to its original state.
And my advice before buying and selling Crypto you study and analyze it first and every investment decision is in your hands bro.

It could possible be a dead project with no developer or a successor will inherit the failing project. If Do Kwon is arrested, I'm sure Luna Classic value will be affected especially that Terra community is very uncertain right now. I don't expect much from that failing project, People are just taking advantage right now at Terra but I don't see people who will b e attached to it's main project idea after the it failed it's project fundamental.

Yeah, that should be the normal trend, market-price dumping, if an arrest warrant is issued against its founder.  But to my surprise, LUNC even has a 27.5% gain today.  Isn't that abnormal?  Somehow this increase in price reminds me that this cryptocurrency is now shitcoin subject to whale manipulation. 


LUNC is already been a dead project ever since a new LUNA is forked.  Dev are just keeping this project probably because they still hold majority of these token and might serve as a cash cow.

It is very confusing because actually the project related to Luna is in critical condition because the government has issued an arrest warrant against the founder, but the market conditions are different because of the hype from the community even though their project is in a state of uncertainty if Do kwon will be prosecuted in court. So I think the Luc and Luna pumps just increased the community hype to recover the losses and maybe they have a whale group to increase the price and take profit when it reaches a certain profit so be careful if you are involved in scalping or coin investing related to Luna.

It is certain that the price will surely fall because many investors might be forced to sell there holdings and that is if they are much aware of what is currently happening now.

Some persons might still keep holding not minding what the media is saying but all depends on the team if they can buy back any sell off to make sure that the price does not fall drastically which could be another reason that will make more users to hold on to the project one more time if they noticed that after the scene of the arrest, the coin still keep growing them many investors that might have think of losing hope on Terra will now start taking a move on it.

Nothing is impossible in crypto. We already heard that five people involved in scamming Luna have been arrested. This was supposed to cause the price of Luna to collapse, but today it has seen a further increase of around 26 percent LUNC. So it is not very easy to predict anything.

Yes, I was surprised by the price surge of this project after the arrest. I thought and I think many will think about the abrupt drop of its price but it was too wondering why it goes like this. But even it shows like that I was still don't have the confident of this coin for I believe that there is someone who use to hype this project and certainly, it was not sustainable, I'd see a trap waiting for those who tried to invest this project now.

Don't be too happy to see the LUNC price suddenly rise, this could be a trap. I also have the same suspicion as you. Looks like someone is
manipulating the price of LUNC to pump and dump, don't be in a hurry to buy LUNC right now. Because the arrest of Do Kwon as the founder of
LUNC should have made the price of LUNC continue to fall. There's a possibility that Terra teams will want to make a profit one last time before
LUNC really dies. So my guess is that Terra teams manipulated the price of LUNC, later after a lot of people bought LUNC, they would dump LUNC
and run away. I hope that investors who want to buy LUNC please think carefully and analyze before deciding to buy LUNC. Because I think
the increase in LUNC is most likely a trap, therefore I am not interested in buying LUNC. I'm sure the price will fall again in the near future.

I hope LUNA changes teams and is handed over to a more professional person and there is never a bad background on the CEO that will affect investor confidence in the future or what happened to LUNA could happen again. but so far LUNC price is no problem.

LUNC doesn't show that he's dropped drastically like the attack on LUNA that happened to make the old LUNA worthless. but looking at Do Kwon background it seems very difficult to trust the project he is holding considering he has a bad background which also affects his project.

A court in South Korea has sued Terra Lunar fraud. The court issued an arrest warrant against Luna co-founder Do Kwon. This warrant included five more people. They have been accused of violating capital market laws. Terra Luna scam took place on the currency platform on Crypto about four months ago. Which made thousands of investors financially bankrupt.

Do Kwon just recently been spotted tweeting after the news about this warrant circulate. There’s an speculation that the founder is still not arrested for the time being. This is a major blow up for LUNA in case Do Kwon was arrested because this project revolves to Do Kwon command and investors will leave if he will be put in prison for good on a long time.

I think he can easily bail out on this messed since he save a lot of money before the attack occur. I think he pocketed most of the LFG funds that mysteriously vanished during the attack.

that's bad news, I'm sure LUNC is over in the crypto world, the founders are caught in disarray no one cares about LUNC anymore, these coins will end up destroyed and worthless in the crypto market.

Except: there are other parties who want to adopt LUNC.

There have been many cases such as Luna before, the project owner was arrested for allegedly many cases, such as fraud, money laundering and so on, but with a solid team and experienced experience, whatever cases that occurred with the owner Luna will not make Luna destroyed, the marketing team will be able to convince Investors that everything will improve soon.

It's going down the drain, the arrest was expected to happen after the fall of Terra Luna, and Luna and all the other projects associated with it will fall, dump it if you have Lunam this is not the kind of project worth holding for long term profit, we've seen how it spiked in recent weeks but it will eventually go down, it's being used for pump and dump by unscrupulous traders, just ignore it there are a lot of good coins in the market and the arrest is just the beginning of Do Kwon woes, he will be sentenced for being responsible in the biggest Crypto fall out.

If the people on the project can still work together to continue the project, maybe the project can still run without Do Kwon. But if they don't have the same vision and goals anymore, maybe it will be a dead project that will add to the long list of projects that eventually disappear from the crypto market. We'll see what happens later and maybe there will be a notification from the team from the project.

Unfortunately there are some people who are still keeping some hope because it went down so much that their millions turned into cents, and there are of course a lot more people who invested thousands and didn't even worth a cent. Which means that if we end up with something that is this low, they could wait for it to go up. What is the point of cashing out a few cents?

I mean it is not going to make you rich to get out right now, it is too late, so the only hope for them would be Luna or LUNC going back up,  and they could profit from it finally, or even if not profit they would drop their losses at least. Which is why I honestly expect it to be a lot of people hoping the best for luna team.

Then this pump is likely a trap. I really don't think there is a reason for its pump as this is not usual in the situation that the owner had faced nowadays.
I certainly expect a few days from now terrible drops are possible to see due big sell-off from the investors. I don't think it is a whale's activity but I could assume this was been a fake pump created by the members of this project.
Maybe it was best to ignore this pump and this project as we can expect nothing good from this project anymore.

LUNC is up by 20% as of this writing. But don't be deceived by it thinking the arrest of its founder is not that giving a big impact on its price.

It's just that many traders are still playing in their market since the volume is still interesting.

In the long-term, the arrest of the founder will have a bad effect if there's no good progress happened on the way.

It's good to still trade LUNC up to this point but to hold it for long, no way.

I'm not sure to get into the LUNC coin. because it's too risky. but when the arrest warrant was issued by the South Korean government against Do Kwon, I actually felt strange about the LUNC coin. because yesterday the LUNC Coin actually rose again and the pump looks very healthy and positive. so I assume that behind the LUNC pump is not directly influenced by Do Kwon. but indeed from the belief of the community itself.

This is likely, whales are incredibly powerful so I’d not be surprised if they were able to find out about the upcoming arrest of Kwon and they decided it was the time to manufacture yet another pump so they could get out of their LUNA positions for a high price and make a huge amount of money just before the final crash of this coin, it may seem to not be a very logical move to some but at least to me it makes all the sense in the world.

It is very suspicious that the price of LUNC increased after the news of Do Kwon's arrest, the price of LUNC should have gone down with the news.
What happens now that the price of LUNC suddenly rises, it is clear that there are parties who take advantage of this situation for certain purposes.
So I really have to be careful with LUNC, for me it is very clear that someone is manipulating the price of LUNC, so I choose not to invest in LUNC.
But as you said if we really want to take advantage of this increase for trading, it's not a problem. Most importantly, don't even think about
long-term investment in LUNC,  because there is a possibility that in the near future LUNC will actually be a very deep dump. Just waiting for people
who manipulate the price of LUNC to do dumping, if that happens the LUNC price will definitely fall very drastically and probably won't recover again.
So if we trade LUNC and have made a profit, immediately sell it before the price dumps.

idont know it will be like an shitcoin forever beacause of the the dev look like scam lot of money they dump the btc . idont know what is the future of the project of lunc luna and ustc its imposible the terra will be back on the ath.

Obviously it was just ordered like that. They have a good chunk of money and they knew that they are getting out of one big crash and couldn't handle another one so they used the money they have to keep it high, so that people wouldn't be worried about it. I never found that to make sense but using the money you are given to improve something on keeping it high and losing it never made sense.

Let it fall and make the coin so great that people should want to buy it instead of selling it. LUNC is long gone and would never really comeback, I assume that it would be quite terrible in the long run for many people and probably will not end up being worth anything.