WHY is Terra pumping ?

[Len Saldua]

TerraClassic, UST, Terra Luna 2, all pumping ! But why ?

I hear they're burning a lot of tokens... but , still doesn't make sense. The supply is still gigantic... especially Terra Classic, UST is still DePegged by a mile... AND Bitcoin is going lower and lower !!

WTF is going on !!

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[LodisMcguire]

Maybe it's because Terra Station Wallet is connected to Rebel 1 testnet,that make you able to stake coin.Aside from burn,they re-enabling the staking feature to get those coin out of circulation and it seems got positive feedback from the community.

Here some analysis :

https://www.youtube.com/watch?v=-7f5geIdlhA

[zasad@]

This coin burning procedure takes decades.

https://cointelegraph.com/news/anonymous-vows-to-bring-do-kwon-s-crimes-to-light
Anonymous vows to bring Do Kwon’s ‘crimes’ to light
“There is no doubt that there are many more crimes to be discovered in your trail of destruction,” hacktivist group Anonymous said on its YouTube channel.

[tn211]

TerraClassic, UST, Terra Luna 2, all pumping ! But why ?

I hear they're burning a lot of tokens... but , still doesn't make sense. The supply is still gigantic... especially Terra Classic, UST is still DePegged by a mile... AND Bitcoin is going lower and lower !!

WTF is going on !!

Pump and dump group probably.

Don't get lured into it. coins are dead.

[shushu9977]

I also buy terra classic or terra 2. I know the full story of terra which is dominating about 4/5 months ago. I buy this coin by high price and lost my money. It reached 100 dollar per coin. But, now everyone knows the price and almost everyone lost their own money. It has a solid team work and good sponsored, so terra(luna) definitely pumps day by day which we see in future.

[zasad@]

https://www.coingecko.com/en/coins/terraclassicusd
This is similar to manipulation on the Binance exchange, because the main trading volumes are on this exchange. 700% in 14 days, and this is after most users got rid of this coin. And most exchanges have removed trading in these coins.

[yazher]

TerraClassic, UST, Terra Luna 2, all pumping ! But why ?

I hear they're burning a lot of tokens... but , still doesn't make sense. The supply is still gigantic... especially Terra Classic, UST is still DePegged by a mile... AND Bitcoin is going lower and lower !!

WTF is going on !!

But still, it's going to be a lot of risks if you gonna trust these coins again but it's all up to you because you have your own decision with your financial activity. As for the others who will gonna ride the market of those coins, they already have some plans on how to get out and they will gonna pull out their investment when the time is right. As for us who have no clue about this pump, it's better to stay vigilant and be careful on to put ur money in this kind of market because they might not gonna be the same scenario in the next days to come.

[wheelz1200]

TerraClassic, UST, Terra Luna 2, all pumping ! But why ?

I hear they're burning a lot of tokens... but , still doesn't make sense. The supply is still gigantic... especially Terra Classic, UST is still DePegged by a mile... AND Bitcoin is going lower and lower !!

WTF is going on !!

Simple, greed and peoe don't understand what they are actually doing or buying into.  They are just hoping there is a quick pump to dump it onto some other poor sucker.  Little will probably win and much more people will get burned by Luna, again.  People don't learn, it's sad really.

[serjent05]

TerraClassic, UST, Terra Luna 2, all pumping ! But why ?

I hear they're burning a lot of tokens... but, still doesn't make sense. The supply is still gigantic... especially Terra Classic, UST is still DePegged by a mile... AND Bitcoin is going lower and lower !!

WTF is going on !!

Whatever is going on it is a piece of good news to me  .  I hope they pump it 100x more so that I can have a good amount of money to buy  BTC in this bear market.  I say it is a piece of good news for me but I don't recommend buying them.  Let the developers or whale pumpers pump them, just don't be lured and take the bait.  If you do you might lose even more.

It looks like YT influencers start hyping Luna, I find several videos about Luna going to have a comeback this 2022.

[Len Saldua]

Some YouTube influencer just did the calculations... in order for TerraClassic to get to $1 it would have to have a 7 Trillion dollar market cap, so not pretty likely I would think...

Also.. why would the Anonymous video have any influence on this ? If anything, it would make people afraid Do Kwon would soon be put in prison and cause all the money stolen to be lost forever don't you think ?

[asriloni]

This pump is being triggered by some news but you shall not worry about that caused by this news will be giving temporary impact. The similar pump that happened after a huge down by old luna is coming back again. This coin is only a good thing to be used to trade and no speculationg about the future of this project. I have been taking my profit from USTC. I make about almost 6x from my bottom buy. what a good day for any luna scalpers.
Im sure this will be dumped again very soon. You must be careful with the next chart. Something big is coming.

[serjent05]

Some YouTube influencer just did the calculations... in order for TerraClassic to get to $1 it would have to have a 7 Trillion dollar market cap, so not pretty likely I would think...

Also.. why would the Anonymous video have any influence on this ? If anything, it would make people afraid Do Kwon would soon be put in prison and cause all the money stolen to be lost forever don't you think ?

If this is the case probably whales are doing the best they can to exit at a higher price, so it is possible that someone is pumping Terra Luna for their own benefit.  It is also possible that the developer themselves are involved in this pump, to at least exit with more money before the network shut down when Do Kwon is successfully put to prison.

[batang_bitcoin]

This is just a classic pump and dump. Don't get in because you'll never know if you can get out. Just like the usual warning from the investors and traders quote.

Do not catch the falling knives.

[virasisog]

This is just a classic pump and dump. Don't get in because you'll never know if you can get out. Just like the usual warning from the investors and traders quote.

Do not catch the falling knives.

It's the common mistake of investors that fail. They're usually carried by those who are hyping the coin though it already lost its potential and reputation. We shouldn't trust the small pump and dump of a weak coin especially those who have negative trust issues. It's better to take risks from high reputable coins.

[Len Saldua]

Less than $36 million total value locked in Terra Classic... and they're talking about it hitting a market cap of 7 Trillion  ? ( hitting one dollar ) What are these people on ?

[AmoreJaz]

This is just a classic pump and dump. Don't get in because you'll never know if you can get out. Just like the usual warning from the investors and traders quote.

Do not catch the falling knives.

It's the common mistake of investors that fail. They're usually carried by those who are hyping the coin though it already lost its potential and reputation. We shouldn't trust the small pump and dump of a weak coin especially those who have negative trust issues. It's better to take risks from high reputable coins.

give it few months, and we will see if they can sustain this kind of pump. at some point, they will get tired of pumping a coin that has no long-term vision. right now, they need to save face because of the failure of the original terra. they are finding ways on how to gain the trust of their investors again. however, people should not fall from this trap. they need to be cautious on this one. better look for a valuable project with very good use case in the market.

[super bako]

Some YouTube influencer just did the calculations... in order for TerraClassic to get to $1 it would have to have a 7 Trillion dollar market cap, so not pretty likely I would think...

Also.. why would the Anonymous video have any influence on this ? If anything, it would make people afraid Do Kwon would soon be put in prison and cause all the money stolen to be lost forever don't you think ?

requires a market capitalization of 7 trillion dollars which is very difficult to wait for, almost all investors almost don't believe in increasing the volume of the plaza. so I guess this will only be afraid of the risk of recurrence. there are still high potential altcoins besides Teraluna Friend which will increase by thousands of percent in the future

[Johnyz]

TerraClassic, UST, Terra Luna 2, all pumping ! But why ?

I hear they're burning a lot of tokens... but , still doesn't make sense. The supply is still gigantic... especially Terra Classic, UST is still DePegged by a mile... AND Bitcoin is going lower and lower !!

WTF is going on !!

Pump and dump group probably.

Don't get lured into it. coins are dead.

Most probably they are trying to manipulate the price again but its not enough for Investors to trust this coin again. I also believe LUNA is already finished in this market, though I still have this but its already useless in my wallet. If you really some good development, most probably because of their burning system, LUNA needs a lot of time and full effort to at least have a good pump, just be careful with the little pump.

[carlfebz2]

TerraClassic, UST, Terra Luna 2, all pumping ! But why ?

I hear they're burning a lot of tokens... but , still doesn't make sense. The supply is still gigantic... especially Terra Classic, UST is still DePegged by a mile... AND Bitcoin is going lower and lower !!

WTF is going on !!

Pump and dump group probably.

Don't get lured into it. coins are dead.

Most probably they are trying to manipulate the price again but its not enough for Investors to trust this coin again. I also believe LUNA is already finished in this market, though I still have this but its already useless in my wallet. If you really some good development, most probably because of their burning system, LUNA needs a lot of time and full effort to at least have a good pump, just be careful with the little pump.

When a coin pumps then there's always two possible reason.

1. Whales pumping it
2. Manipulative buying by the team itself.

On times like this then this do really create some Fomo effect which do really possibly able to hook up investors just because they dont
really like for themselves to get left behind thats why you should really be careful on taking your self some action just because you've seen a shitty project
do make out some pump. Be careful on not to make yourself involved unless if you do love to gamble then go ahead.

[fuguebtc]

I also buy terra classic or terra 2. I know the full story of terra which is dominating about 4/5 months ago. I buy this coin by high price and lost my money. It reached 100 dollar per coin. But, now everyone knows the price and almost everyone lost their own money. It has a solid team work and good sponsored, so terra(luna) definitely pumps day by day which we see in future.

Do you still hold luna, do you really have faith in it, will it rise again?.
You should get over the pain and start over, the market has hundreds of coins to invest in so don't try to stick to one coin that fails and scams everyone. Now, Luna is nothing more than a shitcoin that it can pump as much as it wants to entice newbies to buy and then continue to dump on their . Stop trying to participate in Dokwon's dirty tricks.