Bitcoin Forum

By that, I mean the whole Terra Ecosystem: Luna Classic, Terra, Mirror Protocol, Anchor Protocol and even their stable coin UST !! ( Now renamed USTC )
 
So news of Do Kwon now getting arrested, his assets frozen etc, pretty much as bad as you can get.. yet the whole Terra Ecosystem is pumping !?
WTF is this !!
I think this is something so odd that may have never been seen in the history of trading ? I am aware that they are burning tokens but the supply is still ridiculously high... also Luna Classic is ranked 33 ? Ahead of many amazing projects with a clean record, huge volume and high revenue like AAVE !!

There is something going on here, and I don't think Do Kwon is involved anymore as he's pretty much on his way to prison, so what do you guys think ? Binance is behind this ? Luna fans ?
Worth noting we're not in a bull run, we're in fact very near the bottom of a brutal bear market ! This makes this story all the more unbelievable.

What pump?

Did you see all-time chart is dead, If 24 hour training is increase just 5% that's doesn't mean is pumping. That's just a small pullback for next all-time low, price is not always down because there has some trader who try buying everytime price is down and make a small pullback.

STILL DEATH IN MY PERSPECTIVE.

If a few persons who have either been deceived or misinformed or refusing to come to terms with the current
realities facing the project still go ahead to buy the coin, can you really still refer to it as a pump? I don't think it qualifies and fits the description of a coin pumping.

DK is no longer involve with LUNC that’s why we saw a pump few days ago and that is because of the news that Binance will adopt the tax system proposed by the community. DK arrest issue might still affect the whole Terra ecosystem but still this is not enough to compensate those who lose a lot of money. The issue will remain especially with the trauma so it will be hard for Terra to pump that much, better not to expect.

Because, why did most of all these alts pump?  Pure greed.  Most are just ponzis and that's all this is.  No one believes in the project they are just riding the situation and hoping to sell it for more than they bought it for and then move on. 

in the last few days i have only seen Lunc pumped, when binance announced support to burn Lunc tokens, and as far as i know Lunc is not under the control of DK nor his team. so his recent news won't affect it, the most influential person on it right now is none other than finance

in my prediction, binance will not give up on Lunc, they are trying to support this token as well as Lunc investors. lunc's future is uncertain, but with the support of binance, things may be going in a different direction

Still pumping because the pump and dump group, and because of the whales who are enjoying the trend for this Terra platform since they are making a lot of money from this.

Yes the news about the arrest of DK is very disturbing yet many still want to get involve because they want to have a profit in short term which I think is really possible. If you want to be more safe then don’t join the hype but if you still believe for the long term trend, then it’s your choice to buy or not.

It's not pump I guess when the volume is too low, maybe people are still thinking that it will bounce back from where it goes the ATH. There should be a thing behind it but saying it was Binance is still a mystery to us considering that maybe more are involve or it's just the market that pushes it for them to get into the breakeven point or to cut their losses.

Same opinion 5 TO 8% can't be considered a pump TERRA will go down the drain, OP should not try to make it appear that it is still a good project to invest in, although some investors considered Do Kwon's fall as redemption for Terra Luna when its actually not, whales can pump, but there's no denying that this is one project that caused the misery of thousands of its investors, this is one big example of what a project should not be and Do Kwon what a developer should not behave.

Terra is dead. A lot of people already abandoned it and I think only a few fanatics who made lots from it are going to pump the hell out of that coin and no one will even follow. There's very little natural trading action from that coin too, and I don't think that interests a lot of people from other markets. Terra will need a miracle if it needs to stay relevant on the scene, and I don't think that will happen given a lot of negativities surrounding the reputation of the said coin.

In the last few days Luna has gone up in value roughly 70%, so some could consider that a pump, a small one but still a pump, and about the question of the OP about why this is still happening? What can we say other than greed and ignorance? Speculators which know what is going on do not care about Luna at all, and as long as they can make some cash they will trade the coin so they are motivated by greed alone, but there are also a lot of people which have lost everything and which want to believe the coin will recover, so they keep holding or even investing even more money in Luna hoping for the impossible, so it seems ignorance is the main motivator for those people.

It's also worth noting how much the coin dropped from its ATH. Any pump is probably just a classic strategy for traders to scoop up anything that's literally on the floor and bounce after some gains. There are also some people that throw in a hundred or two in these types of projects expecting they could get like 1000x or more.

Where is the pump? I can't see it. Most likely it's just the day %+ that you're looking at and that means nothing actually if you'll head over and see its chart.
And if it's pumping then thanks to the community of it that are only remaining there because there's still movement, market cap and community on it.
When it goes down, we'll see the entire death of it because it's already dying.

Right now there is no pump, maybe you are pertaining for the whole trend for the Month of September.
Actually there's a lot of happenings right now with Terra and the whole project related to DK. It's a pump and dump project already which is too risky to jump in without having any analysis. DK with his arrest will put this project on total collapse, though with LUNC many are still optimistic since it is already a community owned and with a great support from Binance on their tax system. Well, to be more safe better to deal only with the money you can afford to lose.

You shall ask scalpers about when they will be stopping to pump this piece of shit. Those whales are garbage scalpers who keep pumping this shit with the garbage news. The burn didn't give lots of impact to the price. The only thing that remain the same is. Some stupid whales wasting their money on this garbage shit scam coin created by criminal. yeah do kwon was a criminal that will be jailed very soon. How dumb people who bought this piece of shit.
Scam coin with hyper inflation. A small pump like this can occur anytime. Look at how people give non sense reaction about the pump in luna.

Clearly someone is manipulating the price from behind in this last couple of weeks. Someone big, or then pump and dump groups pushing it to the limit and trying to put their 'stable coin' on the map again.

But obviously, all the Terra coins that you have mentioned wouldn't sustain its run. Again, sooner or later we will see a huge dump taking their profits in short term. And as others have mentioned already, if there is a pump then it might have subsided already. And with that, it's dangerous to invest with Terra right now, Do-Kwon lost his reputation already and so all his projects with his name on it.

The price kinda strange for now. It was going up without any news. The burn was taking so many years to give impact to the price but people keep believing this coin will reach 1$ again which is a non sense thing after it has decreased from 100 to the 0.
The price is still being manipulated by the whale for now. I think that you can't expect something big from lunc again. It's done for now.

I can also not really understand why the prices of Terra and Terra classic are performing so well in an overall bear market. You should think that no one would buy those coins now after what has happened with Terra a few months ago but still those projects have huge trading volumes. While i can still partly understand that fact for the new Terra, because it is just at a fracture of the old price and you could speculate that it maybe will at least reach 10% of its old ATH, i can not understand people that are buying Terra classic, because that project is pretty much abandoned.

I think whales have found a toy to play with, they must be behind the occasional pump and dump of luna if not what else could make a worthless project with infinite supply to keep pumping in price?
Traders don't care about anything else than making profit and it is clear luna is doing that for them. Despite this artificial pump, this is not a safe project to invest in. Always DYOR.

no pumping happened I think, just a small movement, it's normal if there is a small movement at least LUNc is still a have  transaction so it's not a dead project even though it can be said that it will go extinct , when Do Kwon becomes a suspect

IMO, Do Kwon has not been involved in this since his arrest. Moreover, the perception of "Pumping" only occurs for people who invest in this coin when the price has fallen. If we look at the entire project, it is very clear that this project is no longer viable, and is far from being called a pump.
I also feel that this is just a dying coin, where people just take advantage of rapid price changes to make a profit. Meanwhile, no one else will hold this coin in the long term, or maybe very few people will.

Don't get deceived. It's pumping to take away your money for the 2nd time. That project was dead that moment when everything fell.
Now, because people were posting Luna has pumped, some people rushed in accumulating hoping for their lucky chance, that actually adds up to the pump. But, nah people should stay away from it, otherwise people in the internet will be posting about their complains and disappointment towards a dead project lol.

I dont see any pump at all. Even Do Kwon finally embraces prison, there are some who traded their project tokens and do it for wash trading or pump and dump. Binance should at least review or reconsider trading of this due to such case of Do Kwon but instead they are continuing it which shows the volume is great and its good for them. Any exchange actually wouldnt delist something that are busy making trading fees.

That's why investors want to release it immediately before the coin actually dies,
actually we never know what will happen to the coin but if you look at it so far maybe it won't last long,
What's clear is that you just keep following the progress

2.4% increased today is this what you call pump, and even if there are pump it's not going to last and this coin will eventually die, it's the whales that do this not because there is a new interest on Luna project backed by Do kwon we should totally ignore this coin, we should not support projects that will only remind us of the mismanagement of their developers, it's only a matter of time before Do Kwon goes to jail and all projects associated to him will banish, the volume is still huge but it will eventually diminish over the course of time.

Manipulation. There are some people or teams behind this. They are using the current issue with Terra Luna, especially the issue of Do Kwon with interpol. Since the hype is still there, it's their time and a good opportunity to make money by scamming other people.
Expect that there are still lot of projects out there that related with this, and newbies must be aware.

I doubt that this pump will have any significant effect in Terra Luna.

Source:  (https://www.coindesk.com/business/2022/09/28/terraform-labs-calls-korean-authorities-arrest-warrant-for-do-kwon-overreach-report/?utm_source=Sailthru&utm_medium=email&utm_campaign=Money%20Reimagined%20-%20September%2030%2C%202022&utm_term=Money%20Reimagined)

With the news of the CEO getting arrested I don't believe a lot of people will still want to continue their Investment in such project.
Terra Luna is dead.

the answer is because the big whales are making money there, those who bought cheap in the past of course played there, not accusing but can also binance play there, so they will keep the price and play by making fomo everywhere to make a profit when the small traders come in into it they can throw it at any time

It was not pumping yet, old investors who have bought Terra have been selling their coins, and only a few have the courage to stay and hold but the majority are gone pushing the price of Luna now declining. In this scenario, you can no longer expect a price increase but a terrible drop in its price someday. We just hope that Do Kwon will give himself in peace to the authorities and settle the issue or else, this will be the reason for not trusting this project anymore or die.

Terra Luna coin is trying to do correct as a result of heavy dump of the coin for past few months ago, which was implement burning mechanism towards luna coins transaction that was implemented and was seen that Luna is pumping, the truth is that is doing pull back as the result of new development that was functioning towards the ecosystem.

First of all I don’t think the ecosystem is fine tuning itself on the chain. The pump and dump cycles are really normal with them. With altcoin and it’s low valued tokens they are always used for pump dump aggression so that whales can get some bucks out of it. Nothing is as surprising as we may want to connect the dots with his arrest and “no-neg” effect of the same. It’s far better to stay away from such coins as they are possibly target of whales for easy pump dump track.

Yes, we can't deny that and maybe they think that pumping up Luna's price can give or attract more sympathy from previous investors and new investors to invest in Luna. But it will depend on every investor, especially old investors, if they want to return to investing in Luna or leave it because they have had bad experiences investing in Luna. And as long as they could still benefit from what happened with Luna, they would use it to their advantage. And if that means investing for the short term, that's okay because what matters is how they can make a profit.

Actually the Luna ecosystem is indeed pumping before the announcement of Do Kwon arrest. The pump just stop and back to the original price before the recent pump occur by the time the news about Do Kwon being arrested release on the public. The current price is really a pump price because all the crypto market is dumping while Luna and the gang price is still a bit above now there pre pump price.

I think Luna community along with the whales is trying to pump the whole ecosystem to get again the momentum but they failed because of the timing of Do Kwon arrest news.

It's obviously a dead coin, but the amount of news coverage it got is of course going to lead some curious individuals to the slaughter.  One thing I've learned about new investors is that they love to try and grab a falling knife.  They see that when things hit bottom they typically bounce, and new investors want to catch that bounce for easy profits.  However, that bounce can go down quickly and leave them as bagholders.  It's far better to actually invest in good things and have patience.  New investors don't care about that though.  They want to get rich overnight and so they do dumb things like invest in Terra with the thought it will bounce and they'll get rich.  I doubt anyone buying it cares anything at all about the underlying tech or use case.

True Terra is a dead coin but sadly there are adventurous investors that wanted to try their luck by investing in dead coins.  Aside from that, there are pump group that uses the news as an opportunity to pump and dump a dead coin and this Terra is not exempted.  I also think that the volume of this project is fake,  insiders just do wash trading in order to create volume and be seen on the exchange .


True, lots of old investors lost a lot of money in this terra crash.  I doubt they will reinvest in the shit that makes them lose huge amount of money.  The Luna burning mechanism is just a gimmick to make the investors think that LUNC will be scarce in the futre.

The biggest recent influence is that binance supports the burning of Lunc tokens, thus increasing the interaction of traders and investors with the assumption that Lunc tokens will be very rare someday, but even though binance is involved in it but we must consider the risk of huge losses from investment lunc coins , i have ignored any coin related to luna and also luna news because if we care about updating luna information it will bring investment loss.

What is happening with Luna at this time as confusing, they almost died but can pump and the case has not been completed because Do Kwon is a fugitive police, but a good fact is Lunca can rise this week more than 47%, I hope that Lunc will soon be ranked top 15 in 2022.

It’s called a dead cat bounce, it doesn’t mean LUNA now has a future again. It’s a dead token & it’s not advisable to start investing in it.

If it does pump I’d say it’s a good opportunity to sell & get out whilst you can. LUNA is going nowhere bullish fast.

This happens before and "Whales" are trying to pump fewer volume altcoins and obviously they target LUNC and LUNA which are very controversial crypto. Mostly, traders will get into the trap in which and ride on the trend that "Whales" will surely drop the value once BTC moves towards the uptrend again.

Luna Classic is pumping because they are trying to rebuild the ecosystem through reenabling staking, slowly burning through the trillions of tokens that were brought in through Do Kwon hyperinflation, adding back apps to the ecosystem, and eventually trying to repeg some stablecoin. Mostly the pump the past week and a half has been because the burning started (though it will take many years to burn the supply down from 6.9 trillion to 10 billion which is when the burn will end).

Only time will tell if these measures bring the ecosystem back alive and make it a major player in crypto again. But that is why it has pumped lately.

Investors who invest mainly on analysis are not getting any reason in the way of Luna appreciation. The biggest news that came out of Luna was that they would be burning a large amount of Luna tokens. There is no other news except Burning news, but what is the secret of increasing the price of Luna? Assuming it could be any trap and another way can rise if the community supports it highly.

in fact many day traders prefer to speculate on the LUNC coin. because the movement is highly volatile can make a quick profit. and if we trace the crypto signal channels on telegram, many of them say that LUNC will go higher again. so do not be surprised if the small pump is always the case. but actually the current volume cannot be called a pump. because the graph looks to be rising healthily. and when it goes down, it doesn't dump alias it still goes down healthily. and many people are buying to bet on this coin. they know it's risky. but they do it anyway.

This is a coin from which it is better to stay away, while supposedly its market cap is still big enough to place it in the 33rd place we know what has happened during the last 6 months, the collapse it suffered, and how their developers are now wanted by the authorities of south korea, so in my mind it is just a matter of time before we see this coin completely collapsing, and as such there is not too much of a point in trading such a coin, as you do not know if you will be one of the unfortunate people which will end up holding useless coins in your wallet

We should avoid those coins and you better ignore the luna coin list, because some backgrounds currently don't support luna coin investment because whales can sell their luna coins from buying luna coins at lowest price, they currently have luna coins with estimated hundreds of thousands up to billions of dollars. I advise you to get out of investing in Luna due to the fact that critical reporting if DK is caught will experience a very significant decrease and you will become the next victim of investment.

^ Because there are too many greedy people who support terra which is considered whales.
Once all of these people will sell and dumped terra, this coin becomes shitcoin and those poor investors who did not know what happen might be a victim to them. Considering there will be a pump and dump and this project is very risky if you will include the list. I don't know when it comes to the utility of this project (LUNA) if worth it in the long run.

I don't understand people who still believe in Terra, even though it's very clear how LUNA has harmed many people. Even the founder was
found guilty, which means we can already judge that Terra is a problematic project and should be avoided. If Terra can still pump, it means
that there are whales who take advantage of it, so we should not be tempted to invest in Terra just because of our greed. I really believe in
investors who can think intelligently, definitely won't be interested in buying Terra again. Because we don't want to make a second mistake,
let alone long-term investment in Terra, I don't recommend even short-term investments. It's better to focus on projects that are really safe
and have a bright future. If we do the right research and analysis, there are actually many other projects that we can buy instead of having
to take the risk of buying Terra.

 I'm sure that we're heading close to a breakout in October
right, of course, we started that one on October because of the Binance burns because there's no way finally it's here now it's been seven-plus days and the price is just right just slowly.

No, you are not correct about the burn because it is being proposed by the Luna classic community not the Luna team and its up to the developers with the node operators if they will implement such proposal but I do not think that it will happen because in my opinion Luna is already considered an abandon ware because its being under investigation. I think there wont be any developer gonna dip their toes into the project as they could face issues with the authorities.

If I am honest I do not really understand the  people which are trading Luna right now, in a way I can get that people want to obtain profits above all and if they think they can get some money while trading Luna then they are going to do it, but the risks are incredibly high, just as Luna collapsed out of nowhere and destroyed the lives of a lot of people in the process the same can happen again, and this time around I do not see how it could survive at all.

This is because big influencer are still hyping the coin and now making investors to believe it can do a 100x times your money if you invest now that is very cheap. Binance exchange has also launched a burning mechanism that will help reduce the supply of tokens in circulation and other exchange are buying into the hope. Luna was held by lots of people and they all got destroy when the crash happened, now they are just hoping on any positivity they see and this new bueno mechanism just gave them that hope.
Do Kwon was very stubborn if not the crash won't have had this much effec as itt did. Imagine if he hasn't launched the new Luna and try to revive this old one, maybe they would had been trading above the current price now but they have to share the cash flow with another project now.

Luna has always been a shitcoin it is just that people did not realized this before it was too late for them, but now we can see with complete clarity this is the case, and it is clear that the only ones that care about the coin are speculators that do not care at all about the risks they are taking and the poor people which were caught in the crash of Luna and now they are hoping that against all odds Luna somehow recovers its former glory, something we know it is never going to happen.

Since binance was announcing to reduce the taxation for burning luna and the hype is slowly going to disappear. it seems like that luna's supporter were so mad caused by that. that's a good decision for binance. It's caused by binance doesn't need to implement a big tax for the shit scam coin like that. the price is slowly going down again to the bottom. Lunc was a scam coin that will never going up again. People that were so stupid to invest in this scam coin twice.

Yeah, and so the pump has stop, and for those who have been in the market too long enough to know that this is clearly a pump and dump scheme by someone from behind. And so I don't understand why people still investing on this project as it has collapsed already and I don't see it reviving anytime soon.

And for those who have been scam twice, then shame on them, they have been a victim before. So they should stay away from it because it will be the same outcome as the first. And hopefully those who have lost their money have learn a valuable lesson in crypto market.

Bitcoin reserve have Terra team seems to have been sold out due to an error in depegging UST, I can see from this article belowhttps://www.coindesk.com/business/2022/05/14/what-happened-to-the-35b-terra-reserve/

For increase price LUNC I think because of the burn tax in some exchanges, for details can be seen here https://twitter.com/LunaBurnTracker

Terra, as the biggest scam of 2022, is still popular because the project attracts so many speculators, counting on big profits due to the fact that the coin collapsed badly and is now gradually being burned, leveling the supply. Also interest in the coin is fueled by the constant news about the Do Kwon investigation and his escape from the authorities and Interpol. In any case, long-term this project is definitely not worth considering, as sooner or later this story will end, as McCaffey's escape ended in its time.

The only reason I can see is that Luna is trying every possible means to win back the trust of investors, and even with all the efforts of pump activities, the price of the token is still significantly down compared to its previous position.
And even if Dowen goes to prison I don't think that will change anything there are s many whales in the luna market already making every attempt just to recover they lose and some big exchanges may also be behind this.

luna isn't having that much support currently unfortunately, you see binance was supporting luna out of their good will meanwhile it's already being abandoned by the team that it quite literally became shit coins right now, you wouldn't see some real developments unlike coins that's still making innovations like matic and sol.

People are forgetting we have two projects now which are Luna and Lunc. Lunc is an abandon project and people who lost so much just want to recover their losses which is why they have faith in the project. Even Binance can't save it as I noticed they're the ones pioneering this movement of burning the supply of lunc with transaction fees coming from trading lunc on the Binance exchange. The community are yet to realized that this is just a marketing strategy by the Binance team to attract traders to their platform and when they do realize then the lunc project will dies off finally.
Dowen made a mistakes Introducing another project. They would had just stuck to reviving this one as they gain back the community trust. Now which project are we to concentrate on that we have two different coins.

This is one of the reasons why Binance is still keeping the LUNC since they lost a lot of money when they didn't swap it for USDT if you read what CZ said before in his tweet. They are still earning fees for every trade of LUNC and LUNA that's why it's still active on the exchange.

Trading it on the future platform can also be taken advantage of since it can be easily read on the chart when it will go up or down just relying on the BTC value. A lot of whales also take advantage of it filling a lot of volume to attract traders.

The issue of Luna seems to be over now but the scars still lingers and those affected may never recover from the shock and loss that came with it. My only advice is that we should all be careful with our investments in this space because there are no guarantees, one could wake up to be a millionaire as a result of the possessed assets and another could wake up to be broke.

It's not all of bitcoin has been sold by terra team to repegging UST. I saw that do kwon still owning 3k bitcoin on his wallet. he was making the transaction a few weeks ago. So many people are still tracing that guy caused by do kwon wanna be catched by FBI. The fact that if we didn't know about the truth until the terra developers will be jailed and take them to the court. The truth is not yet being revealed

Why is it still pumping? because there are so many people who lost money thru it and some whales taking advantage for this situation, they make a fake pump to trap new buyers for this coin and that new buyers are also the loser and they hope to recover the lost.

It's very risky to invest in LUNA, but if you just want to take a little profit from each trade that's fine. The important thing is not to let LUNA enter long-term trades, it will make you restless every time if the same thing will happen again someday. Be careful while everything is still safe and there is no need to rush.

Correct, if for some reason a person cannot stop himself from trading luna they need to always remember about this simple rule, they must never hold luna for the long term, we already know what happened and it is likely it will happen again, so there is no point in joining all of those people which lost their money, especially when they have a huge warning that all of those people did not have, however it would be better to find another coin to trade and to stay away completely from luna.

I'm yet to get a full grasp of what transpired few weeks ago that must have initiated the pump, but from the information I have the pump was short lived and its back to base presently. I personally have lost trust in the project and the pump won't make much difference since the market is bearish and the developers are not trustworthy.

Its just a hypw bubble due to small pumps many of the investors jumping into the he hype to book some profit and they are successful for soem how as LUNA is nothing more then a shitcoin now. Powerful projects never destroy their own ecosystem by tricks I don't trust this project at all.

Terra I think the coin is worth buying and hold, I'm sure Terra's surprise will often occur and slowly we will see the zero behind the coma will disappear, there is no harm in gambling and I have invested around $ 280 since July and if I sell now me Profit about 40%.