LUNA PUMP

[doomloop]

On this news, the price of the coin fell again.
Burn statistics
https://luncpenguins.com/
If the burning continues as planned, then most hodlers are hoping for a rise in the coin, but most are always wrong.

Since when they put this? Just recently? It's crazy that they allowed people to buy and sell for a long time before they put a warning like this. Even binance themselves do also want to earn some nice money out of the luna hype but it's still nice that they came up with this warning even if it's a little late already.

This should scare some but not most of the greedy investors and traders of course, most especially if the burning mechanism is continued. I know many of them like the fact when the coin has a burning feature because they think this is the main responsible for the coins value to pump hard but they disregard other factors. That's their biggest mistake there.

[1714277397]

1714277397

[1714277397]

1714277397

[1714277397]

1714277397

[1714277397]

1714277397

[serjent05]

Based on the relative of cryptocurrency in the market right now nobody can't stand a chance to correct all predict the next movement or the market, because I believe that the market is rotational so they are for I will advise you to take off your property and remain your capital, because no one most the next move of it if there will be a fall or not, as a beginner you don't have to take much risk.

And this is what makes things even more harder to predict and making out such decisions since you wont really know on what would happen next.If you do stick out on that casual
observation and fundamentals then you could say that LUNA is shit considering its past then it is really that safe to presume that you shouldnt touch it but after some time
you would boggle up your mind on why the heck it is really increasing its value? As long there's a community whom do really tend to buy and support LUNA
then there's always a chance for those kind of increases.

If you are in the cryptocurrency industry, the increasing price of LUNA despite of it having negative fundamentals simply implies that Luna price is manipulated.  You can think of people who manipulate the price are those who have a huge stash of this coin.  Who is in the right mind to invest in a project whose developer is in hiding to evade his warrant of arrest?  There is also no announcement of the community takeover, which I think if announced would just be a political agenda to make people think that the project is out of the hand of the developer.  There is a lot of money to make in manipulating this coin and the developer won't miss that.

https://terrarity.io/analytics/lunc-burner
Check out these burning statistics. If they burn 59 billion coins in 5 years, then staking new coins will generate 10 times more coins. This is a pointless operation, and constant incineration commissions will not allow new projects to develop in this ecosystem. I see a dead end.

Isn't it already dead end for LUNC and LUNA?

[lalabotax]

It's too risky if we still trust projects like LUNA, and don't think that LUNA's price increase is something positive. Because as you said LUNA has
become a scam project since the price fell drastically a few months ago, without any reasonable explanation from terra teams why this could happen.

I do agree with you, too risky to trust LUNA again although the coin is experiencing a high pump. Who knows that the pump is only a trap? with a high risk of deep dump after the pump? And this is also possible to happen. That is why rather than choosing LUNA again to invest, in my opinion, it is better to invest our money in other top coins, at least that have no big issues. ALthough they are still risky, at least, it is less risk. However altcoins like Ethereum, BNB, and also Solana.

I think everyone is smart enough for the problem of choosing which coins are not at risk,

Yes, I think many people are smart enough to learn from the previous crash of LUNA and will not risk their money again in this project, moreover the pump is probably only a setting of hype.
But unfortunately, several other people don't care about the risk and only think of the instant profits, that is why they take the risk like gambling. They may earn big profit but on the other hand, they may also lose all their money. This is  avery high risk, better to stay away from this.

[Hamza2424]

I think now you should create another topic as luna Dump haha many of people try to drive a running train as it's risk High risks never comes a good rewards. Proposal hype of Luna made this PUMp but reality of that Proposal is far below the facts 1.2% tax on every communication to block chain is much expensive and its impossible investors can't Afford it.

[Kelvinid]

it seems that many traders don't trust LUNA anymore, even though Luna experienced Pump, because Luna has become a SHITCOIN,
which means this coin is a toy by whales, PUMP and DUMP happened and made LUNA very volatile and not suitable for the future,
this is why we stay away from LUNA and don't trust them anymore.

You are correct because many investors is not comfortable of luna because of the relaunch of luna coin even though that people invest they pump the coin to have a good courage in the market, many people will be afraid of investing with Luna.  Any investor who wish to invest on Luna should invest and remove mind that luna can survive and it can die off, because they have made people to distrust the volatility of the project.

Once investors or people Maker a project bad, it will take much time for the project to rise and have supporter's again. So it's might be that the project of Luna will be encouraging this time but the problem is that to build the trust again with Luna.

And after all of their doings, I don't understand why there are still wanting to invest and risk their money in this project. It is actually hopeless to think it will be potentially profitable long-term, in fact, it was hard to trust this project anymore. If we see Luna is pumping, that was obviously manipulated and we don't need to be fooled because, after that pump, a terrible drop is possible to happen making these investors suffer losses only, not profit. I'm sure nobody could afford to take that, then we instead help ourselves to secure our funds rather than putting our money in this coin.

[Humility4sure]

Am I missing something in the market news?
I was Airdrop 10.5$ worth of btc for a task I won in twitter used the money to buy the new Luna on Binance which was less down 48hrs now.
Just logged in my Binance now and am seeing a massive gain. 10$ is currently worth 28.7$.
Were is the pump actually heading to, should I take profit now or hold?
Just asking out of curiosity, u really don't trust this Luna again despite how small the initial capital is.

If I'm in your position, I'll take profit and move on to another project or better still retain some amount of the token and hope that the price continues to increase. I personally don't trust the Luna project considering the past performance which led to so much losses for holders.

[Stella Mese]

Am I missing something in the market news?
I was Airdrop 10.5$ worth of btc for a task I won in twitter used the money to buy the new Luna on Binance which was less down 48hrs now.
Just logged in my Binance now and am seeing a massive gain. 10$ is currently worth 28.7$.
Were is the pump actually heading to, should I take profit now or hold?
Just asking out of curiosity, u really don't trust this Luna again despite how small the initial capital is.

If I'm in your position, I'll take profit and move on to another project or better still retain some amount of the token and hope that the price continues to increase. I personally don't trust the Luna project considering the past performance which led to so much losses for holders.

I guess the OP must have taken advantage by now. considering the bad news from the South Korean government about Do Kwon the founder of LUNC. then the pump LUNC is over. and prices can fall quickly.

you're right it's better to find another project or another coin to enter as an investment. because LUNC is really very risky right now. even Do Kwon's whereabouts are currently unknown.

[Pujangga]

Last week LUNA skyrocketed by more than 135% and since then the market has continued to decline, when it reached the peak of the pump the position was at 22 and now it has dropped to 35, I hope investors or owners will immediately make a big pump again so that old investors come back again and of course they can withdraw attention of new investors.

[Lambe Ndumble]

With a low price, of course Luna still has the potential to kill 1 or 2 zero in a short time, I'm sure Luna can skyrocket again so that we are worth making a long -term investment, but I will not comment with history or events before Luna collapsed.

[zasad@]

https://terrarity.io/analytics/lunc-burner
Check out these burning statistics. If they burn 59 billion coins in 5 years, then staking new coins will generate 10 times more coins. This is a pointless operation, and constant incineration commissions will not allow new projects to develop in this ecosystem. I see a dead end.

Isn't it already dead end for LUNC and LUNA?

It's not dead yet. LUNC was still being pumped by the whales caused by the burn. I saw that this is the only thing that gives hope for all of them. LUNC was doing burn mechanism but it's also doing staking reward that will be giving more tokens to the stakers.
There are trillions of tokens in the market. I saw that even people hyped the coin caused by only 300 millions burn LUNC in a day which is very small.

Where did you find the figure of 300 million LUNC per day?
For September 22, the data is 410 million LUNC.

You need to make a deflationary ecosystem to burn billions of tokens, for example, as SF does in Ethereum. So that the number of burned tokens is much greater than the number of tokens that the validators receive.

[panjay]

Bro everything always has a pump here and there.
The luna that you are seeing right now will always be manipulated in some ways as some "whale" have a massive supply and can always hedge by shorting their own token and just do the market sell. So enjoy the pump and got something more reasonable while you can.

[Bitcoin2009]

After the big pump 2 weeks ago, LUNA slowly dimmed and is now still red, of course this is because the market conditions are still bearish but I hope this year LUNA can kill 1 zero again so that LUNA's position is ranked in the dozens.

[mich]

Well I have read having wiped out $40B worth of investors funds, Interpol has issued a 'red notice' for Terraform Labs founder Do Kwon to locate and arrest him.

I do not think any pumps with this project will happen now any time soon.

[Pierre 2]

I think LUNA can be counted as scam now as a project. It seems all deceive and lies. They should have saved UST with those funds, I know you will say "they could not" but I think they could. They reacted so late than usual. Many people I follow on twitter lost money. I personally will never ever invest in any kind of LUNA tokens or projects. Its heading towards graveyard of altcoins. Its not gonna be last one.

[fuguebtc]

You are lucky. LUNA at that time went up quite high even you felt the profit doubled from what you bought. But this was not long, the next few days there was news of Do Kwon's arrest in his country. although it does not impact the LUNC price directly but it will still have an effect in the future.

Has he been arrested? Are you confused, where did you get that information from? He is still in hiding and stated on twitter that he is not hiding and is ready to cooperate but so far no one knows where he is. And unfortunately for him, today interpol issued an arrest warrant for Dokwon. I don't know if this will have a profound effect on Lunc since Lunc hasn't been under his control since the fork, but with this news Luna will have a lot of volatility. I hope OP sold his lunc at the right time and made a profit.
https://www.bloomberg.com/news/articles/2022-09-26/south-korea-says-interpol-issued-red-notice-for-terra-s-do-kwon

[tbct_mt2]

They should have saved UST with those funds, I know you will say "they could not" but I think they could. They reacted so late than usual

What?

They made a terrible decision by saving UST, not LUNA (Now LUNC) and failed to save UST but more terrible, this failure results in a collapse of LUNA (now LUNC).

They actually spent money from Luna Foundation Guard to rescue their project but by picking a wrong one to save, both UST and LUNA (now LUNC) fell to the hell and all reserved funds in Luna Foundation Guard were mostly spent.

[Yamifoud]

I think LUNA can be counted as scam now as a project. It seems all deceive and lies. They should have saved UST with those funds, I know you will say "they could not" but I think they could. They reacted so late than usual. Many people I follow on twitter lost money. I personally will never ever invest in any kind of LUNA tokens or projects. Its heading towards graveyard of altcoins. Its not gonna be last one.

Perhaps, it deserves to be called like that after all the issues and irresponsible responses. In fact, they want to divert the mind of their investors and to think they are still can be trusted but unfortunately, they fail. If we saw Luna is pumping, we have to be careful with this as this never happens without any reason/s and no way we have to trust this project again and much more if the developer got caught by the authorities.

[shinratensei_]

With a low price, of course Luna still has the potential to kill 1 or 2 zero in a short time, I'm sure Luna can skyrocket again so that we are worth making a long -term investment, but I will not comment with history or events before Luna collapsed.

Pretty much the same like usual scam token in the market. It's impossible to kill zero easily like what you have said. Killing zero was not possible anymore. Even if you are hoping elon may come to help luna. Do kwon will be jailed very soon. In my opinion if this coin must be avoided to make sure there will be no more victim that will be falling to this trap. People must use their brain again and think for so many times before try to bet in this shit scam coin.

[samuraijin]

After the big pump 2 weeks ago, LUNA slowly dimmed and is now still red, of course this is because the market conditions are still bearish but I hope this year LUNA can kill 1 zero again so that LUNA's position is ranked in the dozens.

Do you believe that will happen, while inflationary pressure is very large, many tokens/coins are not strong enough to withstand this pressure, that's why LUNA is currently experiencing a price decline, because inflationary pressure is still strong and plus the bear market will continue to overshadow all market..

[fortunecrypto]

I think LUNA can be counted as scam now as a project. It seems all deceive and lies. They should have saved UST with those funds, I know you will say "they could not" but I think they could. They reacted so late than usual. Many people I follow on twitter lost money. I personally will never ever invest in any kind of LUNA tokens or projects. Its heading towards graveyard of altcoins. Its not gonna be last one.

He will soon be arrested Interpol is looking for him now, in his last statement he clarified that he is not hiding but he is, he knows that the authorities are after him he has a red notice, he is virtually a fugitive now if he is brave to face the charges and face the laws he would have turned himself in, LUNA will be soon out of the market so it's better to dump it because of this news, you cannot just dump the people who supported your project without answering them in the court of your misdoing.

A Red notice is a “request to law enforcement worldwide to locate and provisionally arrest a person pending extradition, surrender, or similar legal action” according to the Interpol website.