Why is Terra still pumping !?!

[Len Saldua]

By that, I mean the whole Terra Ecosystem: Luna Classic, Terra, Mirror Protocol, Anchor Protocol and even their stable coin UST !! ( Now renamed USTC )
 
So news of Do Kwon now getting arrested, his assets frozen etc, pretty much as bad as you can get.. yet the whole Terra Ecosystem is pumping !?
WTF is this !!
I think this is something so odd that may have never been seen in the history of trading ? I am aware that they are burning tokens but the supply is still ridiculously high... also Luna Classic is ranked 33 ? Ahead of many amazing projects with a clean record, huge volume and high revenue like AAVE !!

There is something going on here, and I don't think Do Kwon is involved anymore as he's pretty much on his way to prison, so what do you guys think ? Binance is behind this ? Luna fans ?
Worth noting we're not in a bull run, we're in fact very near the bottom of a brutal bear market ! This makes this story all the more unbelievable.

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[ryzaadit]

What pump?

Did you see all-time chart is dead, If 24 hour training is increase just 5% that's doesn't mean is pumping. That's just a small pullback for next all-time low, price is not always down because there has some trader who try buying everytime price is down and make a small pullback.

STILL DEATH IN MY PERSPECTIVE.

[Bananington]

So news of Do Kwon now getting arrested, his assets frozen etc, pretty much as bad as you can get.. yet the whole Terra Ecosystem is pumping !?

If a few persons who have either been deceived or misinformed or refusing to come to terms with the current
realities facing the project still go ahead to buy the coin, can you really still refer to it as a pump? I don't think it qualifies and fits the description of a coin pumping.

[goaldigger]

DK is no longer involve with LUNC that’s why we saw a pump few days ago and that is because of the news that Binance will adopt the tax system proposed by the community. DK arrest issue might still affect the whole Terra ecosystem but still this is not enough to compensate those who lose a lot of money. The issue will remain especially with the trauma so it will be hard for Terra to pump that much, better not to expect.

[wheelz1200]

Because, why did most of all these alts pump?  Pure greed.  Most are just ponzis and that's all this is.  No one believes in the project they are just riding the situation and hoping to sell it for more than they bought it for and then move on. 

[Ayers]

in the last few days i have only seen Lunc pumped, when binance announced support to burn Lunc tokens, and as far as i know Lunc is not under the control of DK nor his team. so his recent news won't affect it, the most influential person on it right now is none other than finance

in my prediction, binance will not give up on Lunc, they are trying to support this token as well as Lunc investors. lunc's future is uncertain, but with the support of binance, things may be going in a different direction

[Johnyz]

Still pumping because the pump and dump group, and because of the whales who are enjoying the trend for this Terra platform since they are making a lot of money from this.

Yes the news about the arrest of DK is very disturbing yet many still want to get involve because they want to have a profit in short term which I think is really possible. If you want to be more safe then don’t join the hype but if you still believe for the long term trend, then it’s your choice to buy or not.

[rhomelmabini]

It's not pump I guess when the volume is too low, maybe people are still thinking that it will bounce back from where it goes the ATH. There should be a thing behind it but saying it was Binance is still a mystery to us considering that maybe more are involve or it's just the market that pushes it for them to get into the breakeven point or to cut their losses.

[coin-investor]

What pump?

Did you see all-time chart is dead, If 24 hour training is increase just 5% that's doesn't mean is pumping. That's just a small pullback for next all-time low, price is not always down because there has some trader who try buying everytime price is down and make a small pullback.

STILL DEATH IN MY PERSPECTIVE.

Same opinion 5 TO 8% can't be considered a pump TERRA will go down the drain, OP should not try to make it appear that it is still a good project to invest in, although some investors considered Do Kwon's fall as redemption for Terra Luna when its actually not, whales can pump, but there's no denying that this is one project that caused the misery of thousands of its investors, this is one big example of what a project should not be and Do Kwon what a developer should not behave.

[dothebeats]

Terra is dead. A lot of people already abandoned it and I think only a few fanatics who made lots from it are going to pump the hell out of that coin and no one will even follow. There's very little natural trading action from that coin too, and I don't think that interests a lot of people from other markets. Terra will need a miracle if it needs to stay relevant on the scene, and I don't think that will happen given a lot of negativities surrounding the reputation of the said coin.

[South Park]

What pump?

Did you see all-time chart is dead, If 24 hour training is increase just 5% that's doesn't mean is pumping. That's just a small pullback for next all-time low, price is not always down because there has some trader who try buying everytime price is down and make a small pullback.

STILL DEATH IN MY PERSPECTIVE.

In the last few days Luna has gone up in value roughly 70%, so some could consider that a pump, a small one but still a pump, and about the question of the OP about why this is still happening? What can we say other than greed and ignorance? Speculators which know what is going on do not care about Luna at all, and as long as they can make some cash they will trade the coin so they are motivated by greed alone, but there are also a lot of people which have lost everything and which want to believe the coin will recover, so they keep holding or even investing even more money in Luna hoping for the impossible, so it seems ignorance is the main motivator for those people.

[Yogee]

....Worth noting we're not in a bull run, we're in fact very near the bottom of a brutal bear market ! This makes this story all the more unbelievable.

It's also worth noting how much the coin dropped from its ATH. Any pump is probably just a classic strategy for traders to scoop up anything that's literally on the floor and bounce after some gains. There are also some people that throw in a hundred or two in these types of projects expecting they could get like 1000x or more.

[blockman]

Where is the pump? I can't see it. Most likely it's just the day %+ that you're looking at and that means nothing actually if you'll head over and see its chart.
And if it's pumping then thanks to the community of it that are only remaining there because there's still movement, market cap and community on it.
When it goes down, we'll see the entire death of it because it's already dying.

[samcrypto]

Right now there is no pump, maybe you are pertaining for the whole trend for the Month of September.
Actually there's a lot of happenings right now with Terra and the whole project related to DK. It's a pump and dump project already which is too risky to jump in without having any analysis. DK with his arrest will put this project on total collapse, though with LUNC many are still optimistic since it is already a community owned and with a great support from Binance on their tax system. Well, to be more safe better to deal only with the money you can afford to lose.

[X-ray]

You shall ask scalpers about when they will be stopping to pump this piece of shit. Those whales are garbage scalpers who keep pumping this shit with the garbage news. The burn didn't give lots of impact to the price. The only thing that remain the same is. Some stupid whales wasting their money on this garbage shit scam coin created by criminal. yeah do kwon was a criminal that will be jailed very soon. How dumb people who bought this piece of shit.
Scam coin with hyper inflation. A small pump like this can occur anytime. Look at how people give non sense reaction about the pump in luna.

[Baofeng]

Clearly someone is manipulating the price from behind in this last couple of weeks. Someone big, or then pump and dump groups pushing it to the limit and trying to put their 'stable coin' on the map again.

But obviously, all the Terra coins that you have mentioned wouldn't sustain its run. Again, sooner or later we will see a huge dump taking their profits in short term. And as others have mentioned already, if there is a pump then it might have subsided already. And with that, it's dangerous to invest with Terra right now, Do-Kwon lost his reputation already and so all his projects with his name on it.

[TastyChillySauce00]

The price kinda strange for now. It was going up without any news. The burn was taking so many years to give impact to the price but people keep believing this coin will reach 1$ again which is a non sense thing after it has decreased from 100 to the 0.
The price is still being manipulated by the whale for now. I think that you can't expect something big from lunc again. It's done for now.

[Jackl87]

By that, I mean the whole Terra Ecosystem: Luna Classic, Terra, Mirror Protocol, Anchor Protocol and even their stable coin UST !! ( Now renamed USTC )

I can also not really understand why the prices of Terra and Terra classic are performing so well in an overall bear market. You should think that no one would buy those coins now after what has happened with Terra a few months ago but still those projects have huge trading volumes. While i can still partly understand that fact for the new Terra, because it is just at a fracture of the old price and you could speculate that it maybe will at least reach 10% of its old ATH, i can not understand people that are buying Terra classic, because that project is pretty much abandoned.

[Anonylz]

I think whales have found a toy to play with, they must be behind the occasional pump and dump of luna if not what else could make a worthless project with infinite supply to keep pumping in price?
Traders don't care about anything else than making profit and it is clear luna is doing that for them. Despite this artificial pump, this is not a safe project to invest in. Always DYOR.

[glendall]

no pumping happened I think, just a small movement, it's normal if there is a small movement at least LUNc is still a have  transaction so it's not a dead project even though it can be said that it will go extinct , when Do Kwon becomes a suspect