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

[Oasisman]

What do you guys think?

I think, once is enough.
I admit I bought a bit of LunC for like $10 after the fall, just in case the team will miraculously finds a solution. Maybe the burning mechanism would help recover even at least at 50 cents. But, it would very bad idea if you'd put another huge amount into it after it collapsed. There was an issue there that the founder is well aware of, but he let it happen. Now, he got arrested. Things are pretty clear now. He got exposed.
Do you think people would still trust this project even after the arrest of the founder?

[bossofbetting]

Just closed my deal on Binance, shorted 1000LUNC from 0.4563 after the pump. It was good deal.

I don't think that this coin will be profitable for investment, like XRP. They can rename the coin, but result will be the same.

[Jawhead999]

Of course the price will continue to drop if it's proven legit, if it's proven wrong then LUNC price will arise a bit. Even the case has nothing to do with LUNC since it's about the founder and his country law, many weak hands obviously will panic and sold all of their coins.

Have you remember XRP lawsuit case last year? I think it's quite similar since previously the coins can be in top 3 and after that case happen, the coin goes around top 20-30.

[sayaya17]

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.

If we look at the price of LUNC which has dropped drastically since the news of Do Kwon's arrest, I think we can predict the possibility that the LUNC price
will continue to decline lower and lower. There is even a possibility that it will be close to zero and if it is like that it is already impossible to recover again,
the next thing that will happen with LUNC is it will be kicked out of from exchanges. Eventually LUNC will disappear and be replaced by other projects.
So don't even think about buying LUNC, although I admit the price is very cheap nowadays, but if we buy it, there is only make us lose money.
So if there are still investors holding LUNC, it is better to sell LUNC immediately, before LUNC could not be sold because there was no demand and
the volume was already very low.

[Bobrox]

I think, once is enough.
I admit I bought a bit of LunC for like $10 after the fall, just in case the team will miraculously finds a solution. Maybe the burning mechanism would help recover even at least at 50 cents. But, it would very bad idea if you'd put another huge amount into it after it collapsed. There was an issue there that the founder is well aware of, but he let it happen. Now, he got arrested. Things are pretty clear now. He got exposed.
Do you think people would still trust this project even after the arrest of the founder?

I am still remember when first Luna coin version drop until left one buy order on Binance with lower price, I invested $10 and few days later earn profit above $500 after price pump drastically although later change with new Luna version. I am waiting re investing if Luna or Lunc coin back drop drastically and left few buy order on Binance. I think have new chance with Lunc or Luna back to higher price but I don't brave for investing bigger amount with Terra network coins again.

Enough with how many time price drop drastically and developer change their coin to new version and make many investor loss much money after investing with old Luna coin.

[Novita]

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

I think the future of Luna Classic is still full of uncertainty, meaning that investing in LUNA and LUNC is a risky thing, especially Do Kwon, who is currently facing an arrest warrant from the South Korean authorities. in the Terra network will leave, because public trust in the new or old Terra network has not returned to its original state.
And my advice before buying and selling Crypto you study and analyze it first and every investment decision is in your hands bro.

[abel1337]

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

It could possible be a dead project with no developer or a successor will inherit the failing project. If Do Kwon is arrested, I'm sure Luna Classic value will be affected especially that Terra community is very uncertain right now. I don't expect much from that failing project, People are just taking advantage right now at Terra but I don't see people who will b e attached to it's main project idea after the it failed it's project fundamental.

[serjent05]

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.

Yeah, that should be the normal trend, market-price dumping, if an arrest warrant is issued against its founder.  But to my surprise, LUNC even has a 27.5% gain today.  Isn't that abnormal?  Somehow this increase in price reminds me that this cryptocurrency is now shitcoin subject to whale manipulation. 

It could possible be a dead project with no developer or a successor will inherit the failing project. If Do Kwon is arrested, I'm sure Luna Classic value will be affected especially that Terra community is very uncertain right now. I don't expect much from that failing project, People are just taking advantage right now at Terra but I don't see people who will b e attached to it's main project idea after the it failed it's project fundamental.

LUNC is already been a dead project ever since a new LUNA is forked.  Dev are just keeping this project probably because they still hold majority of these token and might serve as a cash cow.

[erep]

Yeah, that should be the normal trend, market-price dumping, if an arrest warrant is issued against its founder.  But to my surprise, LUNC even has a 27.5% gain today.  Isn't that abnormal?  Somehow this increase in price reminds me that this cryptocurrency is now shitcoin subject to whale manipulation. 

It is very confusing because actually the project related to Luna is in critical condition because the government has issued an arrest warrant against the founder, but the market conditions are different because of the hype from the community even though their project is in a state of uncertainty if Do kwon will be prosecuted in court. So I think the Luc and Luna pumps just increased the community hype to recover the losses and maybe they have a whale group to increase the price and take profit when it reaches a certain profit so be careful if you are involved in scalping or coin investing related to Luna.

[ChiNgadOr]

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.

Yes the price will react on this negative but it wont last because DK is not connected to LUNC as far as I know since there’s a new team handling this one.

It is certain that the price will surely fall because many investors might be forced to sell there holdings and that is if they are much aware of what is currently happening now.

Some persons might still keep holding not minding what the media is saying but all depends on the team if they can buy back any sell off to make sure that the price does not fall drastically which could be another reason that will make more users to hold on to the project one more time if they noticed that after the scene of the arrest, the coin still keep growing them many investors that might have think of losing hope on Terra will now start taking a move on it.

[coinerer]

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

Nothing is impossible in crypto. We already heard that five people involved in scamming Luna have been arrested. This was supposed to cause the price of Luna to collapse, but today it has seen a further increase of around 26 percent LUNC. So it is not very easy to predict anything.

[Ziskinberg]

ypto. We already heard that five people involved in scamming Luna have been arrested. This was supposed to cause the price of Luna to collapse, but today it has seen a further increase of around 26 percent LUNC. So it is not very easy to predict anything.

Yes, I was surprised by the price surge of this project after the arrest. I thought and I think many will think about the abrupt drop of its price but it was too wondering why it goes like this. But even it shows like that I was still don't have the confident of this coin for I believe that there is someone who use to hype this project and certainly, it was not sustainable, I'd see a trap waiting for those who tried to invest this project now.

[BuNga_cute]

ypto. We already heard that five people involved in scamming Luna have been arrested. This was supposed to cause the price of Luna to collapse, but today it has seen a further increase of around 26 percent LUNC. So it is not very easy to predict anything.

Yes, I was surprised by the price surge of this project after the arrest. I thought and I think many will think about the abrupt drop of its price but it was too wondering why it goes like this. But even it shows like that I was still don't have the confident of this coin for I believe that there is someone who use to hype this project and certainly, it was not sustainable, I'd see a trap waiting for those who tried to invest this project now.

Don't be too happy to see the LUNC price suddenly rise, this could be a trap. I also have the same suspicion as you. Looks like someone is
manipulating the price of LUNC to pump and dump, don't be in a hurry to buy LUNC right now. Because the arrest of Do Kwon as the founder of
LUNC should have made the price of LUNC continue to fall. There's a possibility that Terra teams will want to make a profit one last time before
LUNC really dies. So my guess is that Terra teams manipulated the price of LUNC, later after a lot of people bought LUNC, they would dump LUNC
and run away. I hope that investors who want to buy LUNC please think carefully and analyze before deciding to buy LUNC. Because I think
the increase in LUNC is most likely a trap, therefore I am not interested in buying LUNC. I'm sure the price will fall again in the near future.

[lvsca]

I hope LUNA changes teams and is handed over to a more professional person and there is never a bad background on the CEO that will affect investor confidence in the future or what happened to LUNA could happen again. but so far LUNC price is no problem.

[eXtremal]

LUNC doesn't show that he's dropped drastically like the attack on LUNA that happened to make the old LUNA worthless. but looking at Do Kwon background it seems very difficult to trust the project he is holding considering he has a bad background which also affects his project.

[BobK71]

A court in South Korea has sued Terra Lunar fraud. The court issued an arrest warrant against Luna co-founder Do Kwon. This warrant included five more people. They have been accused of violating capital market laws. Terra Luna scam took place on the currency platform on Crypto about four months ago. Which made thousands of investors financially bankrupt.

[Wapfika]

A court in South Korea has sued Terra Lunar fraud. The court issued an arrest warrant against Luna co-founder Do Kwon. This warrant included five more people. They have been accused of violating capital market laws. Terra Luna scam took place on the currency platform on Crypto about four months ago. Which made thousands of investors financially bankrupt.

Do Kwon just recently been spotted tweeting after the news about this warrant circulate. There’s an speculation that the founder is still not arrested for the time being. This is a major blow up for LUNA in case Do Kwon was arrested because this project revolves to Do Kwon command and investors will leave if he will be put in prison for good on a long time.

I think he can easily bail out on this messed since he save a lot of money before the attack occur. I think he pocketed most of the LFG funds that mysteriously vanished during the attack.

[Frengki_cisco]

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?

that's bad news, I'm sure LUNC is over in the crypto world, the founders are caught in disarray no one cares about LUNC anymore, these coins will end up destroyed and worthless in the crypto market.

Except: there are other parties who want to adopt LUNC.

[Mario Yamasaki]

There have been many cases such as Luna before, the project owner was arrested for allegedly many cases, such as fraud, money laundering and so on, but with a solid team and experienced experience, whatever cases that occurred with the owner Luna will not make Luna destroyed, the marketing team will be able to convince Investors that everything will improve soon.

[coin-investor]

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.