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

[deathcode]

Hello,

I read today's news that South Korea has arrested the founder of Terra Do Kwon and five other people because the founder of Terra Luna is facing allegations of violating the country's capital markets law
I hope that the Luna Classic coin will not be affected by this news of the arrest, it is sad to be surprised by this news after the Luna Classic coin witnessed great heights and delighted the crypto community

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?

Source: https://cointelegraph.com/news/south-korea-issues-arrest-warrant-for-terra-founder-do-kwon

-   Maybe when the value of Luna classic pumped up they already knew that this would be the result of the court verdict, now before this announcement, its value is gradually decreasing according to the Binance exchange, imagine it pumped 0.00049 $ and now it falls playing between 0.00027$.

But I think even if there is an arrest warrant, the only thing that will happen here in luna classic is pump and dump, it's quite risky to buy it or we don't know if it will be listed in the exchanges where it is listed in cryptocurrency.

that's all that will happen to Luna and Lunc's assets. even its stable assets have also decreased. schemes that occur in the market like that will just pump and then throw. like that continues. and I'm increasingly convinced that it's part of the team's manipulation.
they already look at risk after their case. it would be unreasonable that they would get investor support again. so it's just part of the pump and dumps to make more money for them.

[X-ray]

In my opinion if lunc will be dead but it's already dead. Only those gamblers and stupid scalpers who are always taking the advantage from the uncertainty of luna classic and new luna. It seems like do kwon only is not enough. All of team that involved in terra luna foundation must be jailed as well. I hope that south korea will consider to create a partnership with interpol to catch all of those people behind terra foundation platform. People who bought at hundred bucks will never get their money back again. The future of lunc is full with uncertainty.

[zasad@]

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?

What difference does it make to you what investors will do, but it is easier to call them forced hodlers. The price of the coin is small and there is no point in selling it. The main thing is that new users do not lose money on this and do not buy this coin. Now only speculators make good money in this market.

[Sayeds56]

since LUNC massive drop in price, I have the feeling that this coin will never again find a recovery, and in fact, I also thought that this was the end result. IMO, when the CEO of a project is caught, or has problems because of the project he owns, and because of his mistake, then I think the result is that the project will die. investors will lose confidence in the project. this is the same as Centra, and a project that died a few years ago.

True that it is almost impossible to recover for a project  after 99.9% crash which had shook the whole crypto industry. Whatever new idea Luna team comes up with this project not attract investment from genuine investors, only speculators will make money by trapping the small investors. It remains to be  to be seen how All 6 accused of Terra Farm Labs are arrested as they have have already moved their offices to Singapore.

[bounceback]

-snip-

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?

Currently the price of the LUNC coin is experiencing a price decline although in the last few days if we see there is a slight price pumping, I think the decline experienced by the LUNC coin is probably due to the news of DoKnow's arrest which made LUNC coin investors panic and decide to sell together in large quantities, if you are a LUNC coin holder you should immediately resell it if the price has risen past the price when you bought it, because it will be useless if you plan to hold on to a project that is already in trouble.

[yazher]

Just like its owner who will gonna be worthless after his arrest. Now people should really take heed of what's really going on here because this is a big lesson for everyone who jumps to invest in some hype coins, especially newbies. They got arrested because the evidence against them is solid and no matter what they say about their point of view doesn't matter anymore because in the first place they already plan to do such a thing in order to get away with their scams and thankfully the authority acted fast before they get out from the country.

[hd49728]

The Terra Classic blockchain will continue to run and life will keep going without Do Kwon. The arrest can result in forced dumps on the market but in long term, Terra Classic won't need Do Kwon to be alive and recover.

However, there are correlations between Terra and Terra Classic and you can imagine it like correlation between Ethereum and Ethereum Classic even after years since the DAO hack and hardfork, they are different projects. Similarly, if by any reason, Do Kwon will never involve in Terra Classic, it is good for LUNC community but don't forget by one way or another, Terra and Terra Classic will still have correlation on market. Good or bad news for Terra will have impact on Terra Classic.

[BobK71]

Hello,

I read today's news that South Korea has arrested the founder of Terra Do Kwon and five other people because the founder of Terra Luna is facing allegations of violating the country's capital markets law
I hope that the Luna Classic coin will not be affected by this news of the arrest, it is sad to be surprised by this news after the Luna Classic coin witnessed great heights and delighted the crypto community

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?

Source: https://cointelegraph.com/news/south-korea-issues-arrest-warrant-for-terra-founder-do-kwon

This news came to my attention when I went to find out the reason for the high price hike of Luna Classic. But Luna Classic was still trying to raise its prices at that moment. I was a bit confused as they are being cheated how these coins are increasing in price? Anyway Luna decline started and continuing to the dip again.

[lixer]

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?

No OP, news like this is not surprising already because they already have a warrant of arrest even before so everyone is expecting already that they will be caught one day and sent into jail and here it is finally. The day has come for them. I hope that people who lost millions before and those who lost their own lives will get their justice now.

For those who invest in the new luna coin, well that was already their fault if the coin collapsed badly because of this news. We never fail to gave them a constant warning about the possible risk of this luna classic and yet they still insist to continue. There are some people who really have a hard head.

[el kaka22]

LUNC is not doing anything with the founder not arrested neither, so it would not make sense to expect anything more from them when he is arrested too. The only answer would be they would arrive where they would normally arrive a bit quicker, that seems like the case, aside from that they are a coin that will go down and be zero eventually anyway, I am not really seeing them being "zero" but they will be basically not in anyone's mind and only have a few thousand followers like a brand new project, nothing bigger than that.

It may take a bit of time to get there but I guarantee you that it will get there for sure, and you should get out before that happens.

[Bobrox]

The Terra Classic blockchain will continue to run and life will keep going without Do Kwon. The arrest can result in forced dumps on the market but in long term, Terra Classic won't need Do Kwon to be alive and recover.

However, there are correlations between Terra and Terra Classic and you can imagine it like correlation between Ethereum and Ethereum Classic even after years since the DAO hack and hardfork, they are different projects. Similarly, if by any reason, Do Kwon will never involve in Terra Classic, it is good for LUNC community but don't forget by one way or another, Terra and Terra Classic will still have correlation on market. Good or bad news for Terra will have impact on Terra Classic.

Can't guarantee with Terra Classic blockchain will continue without Do Kwon as the owner, usually I have comparison with other altcoin network become scam when the owner have under arrested, but still different with Terra Classic blockchain because not have official announcement yet with Do Kwon will spent his life under arrested. I think Terra Classic Blockchain team will try to help Do Kwon what problem faced before with old Luna and UST coin drop drastically.

Until several days after announcing about Do Know under arrested still not have new update what happen with Do Kwon, he has spent his life under arrest for longer time or he has chance to proof about not any mistake and fault made after Luna and UST price drop drastically last several months.

[BitDane]

It is obvious, when a founder is arrested the market will crash to oblivion.  One best example is Centra, when their founders got arrested and jailed, Centra become worthless.  Now I feel sorry to those who blindly follow and trust the founders of LUNA.

[TimeTeller]

It is obvious, when a founder is arrested the market will crash to oblivion.  One best example is Centra, when their founders got arrested and jailed, Centra become worthless.  Now I feel sorry to those who blindly follow and trust the founders of LUNA.

In my opinion, I believe it is best for the holders to sell what they have before it declines fast.
We don't know what will happen afterwards. The owner can easily abandon the LUNC if he will be jailed.
Few months from now, I think that the price of LUNC will drop hard, better get out before it is too late.
I think, some of his co-owners are already securing their own pockets before they are totally gone in this market.

[serjent05]

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.

I am also been very vocal about the LUNC shits.  I keep on stating about the possibility of the founder to be issued with warrant of arrest.  We have seen the previous development in South Korea preventing their staff to go out of the country.  It is obvious when a country does that, they have something preparing and now we know, a formal complaint and an arrest of the suspected people.

I believe the group behind the current pump of Luna has info about this and they just made the last attempt of milking the market by pumping it and it looks like they are somehow successful.

[goinmerry]

I hope that the Luna Classic coin will not be affected by this news of the arrest, it is sad to be surprised by this news after the Luna Classic coin witnessed great heights and delighted the crypto community

I don't know what kind of news is still needed or will be enough for you just to act the right way.

If they don't know anything about some legal stuff with SK's capital markets law, how can they even manage smoothly their coin?

What to do? It's up to you. Observe the market or decide to pull out.

[goinmerry]

Uncertain, I wasn't sure if the development will continue or if this will be the end of this project. Not really the time to get panic but something it leads to thinking negatively about what might happen this LUNC, it is probably many of the investors will definitely be worried about the situation.
Well, anyways, it was better to wait for the updates on the case as we can't draw any conclusion about the project. I'd really know that some people are still looking forward to making this project still alive and profitable but the chances for is so slim.

Since everything is uncertain, investors should think out of the box.

It's better to still have a good return rather than still hope for the project's good development and in return, their hope didn't happen.

Simply, if investors will pull out, that will bring the price to went down. If ever those LUNC guys are able to redeem themselves, the hype will build again and these investors can buy back at a much lower price. For those who bought at the peak, lesson learned is all I can say.

[Imran232]

<.................>

To be honest, I no longer expect anything from the Luna projects, but there are many people who are still with Luna in the hopes of making a profit in the long term or possibly in the short term. Actually, I believed that there were some traders who actually traded on Luna on a short-term basis. There are also some long-term holders of Luna because of the binance and FTX because they support Luna openly. But what actually happened is that they lost the trust of the people. Now the recent news of the arrested luna founder, well, I didnt want to comment on whether it was a good decision or a bad decision via the government, but it is not good for the market. Maybe there is an end to the luna or maybe another person will come and take the luna to the next level. Though what I already said, I do care and that's my opinion. Others might be different. Thank you.

[cryptoaddictchie]

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?

Bullshit right? A huge pump few days back due to the burn tax and now a news of him issuance of warrant to arrest Do Kwon. It seems like some shady activity happening on the inside. Its not that they should have arrested him long time ago but the sequence of the events is kinda feel fishy.

Its like they cashout first due to massive pump and then dragged it down to let the price dump hard again. Really a pnd with a very bad founder.

[Natalim]

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?

Bullshit right? A huge pump few days back due to the burn tax and now a news of him issuance of warrant to arrest Do Kwon. It seems like some shady activity happening on the inside. Its not that they should have arrested him long time ago but the sequence of the events is kinda feel fishy.

Its like they cashout first due to massive pump and then dragged it down to let the price dump hard again. Really a pnd with a very bad founder.

Their questionable pump shocked some investors thinking about what really happened to this project. We can speculate that this so-called arrest is somewhat like a drama pretending into something that can't urge the Owner to bring back the money of their investors - an exit scam story, again. I wasn't surprised anyway, as in the first place I have no trust in them but am too sorry for those who put in their money and help these scammers to grow as now they realize their mistakes of choosing a non-reputable project.

[MiF]

Normally the price of the LUNC coin will surely drop, the normal reaction of its investors or holder of the coin is that they will surely dump the coin, and it will lead to a very bad market response because of the situation. No one will think positive right now because of this news so if i were you i will sell the coin.