What will happen to LUNC after its founder is arrested?!

[pieppiep]

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.

[justdimin]

I don't see that as a surprise. Are you holding onto Luna or something where you seem frustrated with this kind of news? This is good news for the community as the scammer has finally been caught, Dokwon should be punished for what he did. I have lost faith in luna since UST collapsed, I always advise people to stay away from it, don't let it fool you again.

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.

[Hypnosis00]

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?

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.

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.

[agustina2]

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?

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.

[BRINIRHA]

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.

[Silberman]

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 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.

[Shasha80]

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?

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.

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.

[Grim149x]

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.

[fullhdpixel]

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.

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.