Luna 2.0 keeps falling

[Oshosondy]

Can you see Luna 2.0, the price was above $19 when the coin was forked from Lunc, it decreased to around $3.4 when bitcoin was below $30000, bitcoin increased to around $32400 and Luna increased to $12. Bitcoin at $31000 now but Luna at $3.9. if bitcoin decreased to like $27000, this will significantly affect Luna price. This coin is not worth holding during this time until if bear market has ended. If you buy this coin, know that you are gambling.

[1714477590]

1714477590

[lobo13hf]

Anyone who still bought this scam coin were so dumb. They were purely gambling on what already verified as scam coin. Some small fish are still expecting a high return from this. I don't know what people think about this and i keep seeing people who feel delusional about this coin in the various telegram trading group. This is so funny to see that and how pathetic these people are. They are keep saying this coin will become big again.
Im sure that the price of luna will be even deeper than the current price. The new token will be released everymonth.

[Bitcoin_Arena]

What did people expect?

That a fake fork of a shitcoin that just dumped less than a month ago making people lose millions of money would be their savior and help them recover their money by pumping?

The only way of recovering some money from LUNA is by shorting it hard

Look what the CEO did to his twitter  
What is he hiding from the public?



Anybody who is still believing this scammer will be Kwonned once again

[Dave1]

I think it's obvious, investors are not going or willing to risk their hard earn money again to this scammers. And as much as we feel sorry for those who lost a lot of money here, I don't think they can recover it back by investing on Luna 2.0.

so I doubt that even if we are in a bull run, they can regain the trust and reputation. Sure there could be occasional pump, but it will be due to the manipulation behind and not investors putting their money because they believed on the project itself. Those days are gone now and we might say that they will become another shitcoin in the congested altcoin market.

[sunsilk]

This project together with its UST is nowhere to go. Everyone has already expected where is this going and sorry for those folks that have put and shown hope for these projects.

It's better to accept the truth that no matter what they do to revive this project, it's already bound to fall and fail. That's the hard reality that they have to accept and just throw their attention and money somewhere else that's more valuable than of these.

[tbct_mt2]

Both Luna and Luna Classic will need months to recover if they won't die in meantime.

Because it does not make sense for whales and market makers to manipulate and pump its price to the Moon. With Luna Classic, such Moony pump will create so many Luna-Classic-made millionaires and even billionaires. It won't happen and it won't be too easily to get rich like this.

With Luna 2.0 (new Luna), people are still fomo about it. However, it takes time for all legal issues to be resolved (if Terra team can resolve it), and fud disappears. It takes time for whales to collect airdropped Luna back. When they finish token re-collection and if Luna won't die in hell, it will shine. I don't expect to see its shine in weeks or a few months. Maybe one year later and if it won't die in mean time.

[Fundamentals Of]

This is expected. But this is going to fail not because the price of Bitcoin is falling or the whole market is in a bear season right now but because it is already a big failure in itself. This is Luna 2.0. This cannot be detached from the original Luna. This is bringing with it all the trauma, distrust, and failure of the first coin. I am not expecting so much from this coin. This isn't just gambling, this is like your probability to win is only 1% and the opposite is 99%.

[Marvell1]

No surprise, it would be stupid for anyone to continue buying this shitcoin. If you lose money the first time with Luna, you might not be out of luck because not only you but a lot of investors even Binance, themselves have reported that they have lost huge when investing in Luna. But if you keep losing with Luna 2.0, it's no longer Dokwon's fault but yours. Obviously Luna2.0 is a trap that Dokwon created to deny responsibility as well as continue to rob investors for the second time that anyone can recognize and you have chosen to gamble to find luck but unfortunately luck has not come to you.

[LogitechMouse]

~
Can you see Luna 2.0, the price was above $19 when the coin was forked from Lunc, it decreased to around $3.4 when bitcoin was below $30000, bitcoin increased to around $32400 and Luna increased to $12. Bitcoin at $31000 now but Luna at $3.9. if bitcoin decreased to like $27000, this will significantly affect Luna price. This coin is not worth holding during this time until if bear market has ended. If you buy this coin, know that you are gambling.

No surprise with this.
What's surprising for me is that, Luna project still have community that is willing to support the project even though their old coin lost a huge amount already and investors lost a huge amount on LUNC (former LUNA).

It's understandable if investors will buy this coin for short term profits only but if there is somebody who will try to hold this coin in the long run, I will say that you're stupid enough to be an ignorant one. Ignoring what happened in the past is just stupid for me. Just don't hold this coin for long term FFS. I'm not an investor of LUNA but I feel pity still for those who lost huge amounts of money.

Look what the CEO did to his twitter 
What is he hiding from the public?



Anybody who is still believing this scammer will be Kwonned once again

Hiding something = red flag already and intelligent investors know that.
Projects must be transparent at all costs especially in social media. I like the term "Kwonned" though . It's another term of getting scammed .

[yazher]

Of course, it does, imagine it managed to switch from version 1 to 2.0 in just a matter of a few months? The investors are being fooled here and I pity them as much as they lose their investment in this kind of scam. They really need to get their money back and for those who suddenly lose their money in a span of a week, they need to sue the CEO and do the necessary things to get back their money or just move on with things that will benefit them in the future and stay away with these kinds of frauds.

[$anounimus$]

The market is indeed very volatile, and this is not only the case with Luna 2.0. Almost all coins/tokens were corrected when BTC fell. So, in my opinion, although Luna may not increase over the next week or two, it could probably increase over the next month or two as long as the speculators on the exchanges aren't freaks who are always trying to make money shorting these coins as they go. decreases over time, and makes up for the shortfall as its value increases.

[cryptoaddictchie]

I think locking out Do Kwon twitter profile is also a bad move for Luna. Im not sure why the founder doing unncessary things to make it worse for his project. Of course people wanted an update on progress of Luna and doing this might cause negative feedback on them. They should be transparent as possible for now to gain the trust again of the community and I think what he did is make it worse than good.

[shinratensei_]

We have not yet seen more tokens being unlocked after the vesting period will end. This may contribute a lot to the next dump that will be happening with luna. It's very hard to face the reality if the future of new luna will be the same like old luna. So far UST holders have become biggest losers in luna's case. They need to find something to be used to get out from the market. They are dumping their luna to make sure they will able to recover some amounts of money to their pocket.
It's so easy to say if luna will be dead for the second time soon.

[traderethereum]

I am not surprised when Luna falls and does not have a good price, even after the fork, the big investors have already left the project and will not return to them.
They are very sad about Luna's loss and will not support the project anymore.
But I am not sure how long this will happen to Luna because if the developer can work hard and try to convince the investors and ask them to back to the project, the project can raise and get a good price.
I think the developer should give more proof to the investors and public about what they did and how they can survive in the hardest situations so the investors and public can know if the project can survive.

[Dr.Osh]

when LUNA 1.0 fails, then I don't think anyone will push LUNA 2.0 any further than the CEO himself. however, heavy losses were caused by LUNA 1.0 a while ago, and it really made people's confidence fade. it will not attract anyone else to invest in LUNA 2.0 other than to return their profits and sell as quickly as possible. Well, maybe this is just an analogy that I made, but personally, I will also do the same thing, which is to try to recover as much of my assets as possible, and look for other more trusted investment places.

[Beparanf]

Can you see Luna 2.0, the price was above $19 when the coin was forked from Lunc, it decreased to around $3.4 when bitcoin was below $30000, bitcoin increased to around $32400 and Luna increased to $12. Bitcoin at $31000 now but Luna at $3.9. if bitcoin decreased to like $27000, this will significantly affect Luna price. This coin is not worth holding during this time until if bear market has ended. If you buy this coin, know that you are gambling.

Simply no one trusts them anymore and this scenario is almost the same when they first experience the massive dump. I Luna hype is over and they will need more time to gain again the trust of traders and investors to buy the Luna 2.0. I don't actually expect that they will recover easily after the airdrop because those whales that got back again their extra token will surely exit immediately once the new fork token is listed which really happened on the first week of luna v2 listing.

Don't buy this coin unless there's a clear sign that the team has already gained the trust of investors. This token is a death trap!

[Widdop37]

The chances of surviving on the longer term for luna 2.0 is 1000 to 1% chance, very slim if you ask me, this isn't a project you should invest money on right now unless the price tanked once again, many are already dreaming for 100$ per Luna 2.0 just like before but I believe it's never going to happen again.

[Wexnident]

Did people actually even expect anything here? A serious question. Honestly, the only people I see that would actually buy this would be people who expect themselves to be the ones to profit off of the late investors, kind of like a small-scale event of what happened to the original Luna. Kinda bizarre really how people still didn't seem to learn that this coin is dead, and any fork that comes out of it. I honestly think this Luna fiasco is what normal people see (and expect) when they hear of crypto, a big sham.

[Lubcub62]

my decision not to buy terra luna 2 turned out to be right. because I myself saw the news when Do Kwon launched Terra Luna 2 it turned out that he and the Terra team were being summoned by a court of law in South Korea. so I see a very big risk. and it turned out to be true.

The panic of the sellers is still visible since Do Kwon's Twitter account has been locked to the public.

[mumang siat]

There is no strengthening in the luna coin, the base price is affected by the existence of bitcoin, they are very dependent on the reaction caused by bitcoin, there is no big hope in the future, that the luna coin will return to the green pepper, rather than hunting for luna coins, it is better to look for altcoins another more potential, because even if bitcoin has increased, it is not necessarily luna will return to the normal path, many things that make this coin will not grow again