Why is Terra still pumping !?!

[Farma]

IMO, Do Kwon has not been involved in this since his arrest. Moreover, the perception of "Pumping" only occurs for people who invest in this coin when the price has fallen. If we look at the entire project, it is very clear that this project is no longer viable, and is far from being called a pump.
I also feel that this is just a dying coin, where people just take advantage of rapid price changes to make a profit. Meanwhile, no one else will hold this coin in the long term, or maybe very few people will.

[Oasisman]

Why is Terra still pumping !?!

Don't get deceived. It's pumping to take away your money for the 2nd time. That project was dead that moment when everything fell.
Now, because people were posting Luna has pumped, some people rushed in accumulating hoping for their lucky chance, that actually adds up to the pump. But, nah people should stay away from it, otherwise people in the internet will be posting about their complains and disappointment towards a dead project lol.

[cryptoaddictchie]

I dont see any pump at all. Even Do Kwon finally embraces prison, there are some who traded their project tokens and do it for wash trading or pump and dump. Binance should at least review or reconsider trading of this due to such case of Do Kwon but instead they are continuing it which shows the volume is great and its good for them. Any exchange actually wouldnt delist something that are busy making trading fees.

[kesmex]

a small pump may be carried out by the community who still hopes that this coin will still exist, but the reality is that many investors who want to release LUNc are just waiting for the right time and the rest of this coin will die I think

That's why investors want to release it immediately before the coin actually dies,
actually we never know what will happen to the coin but if you look at it so far maybe it won't last long,
What's clear is that you just keep following the progress

[fortunecrypto]

IMO, Do Kwon has not been involved in this since his arrest. Moreover, the perception of "Pumping" only occurs for people who invest in this coin when the price has fallen. If we look at the entire project, it is very clear that this project is no longer viable, and is far from being called a pump.
I also feel that this is just a dying coin, where people just take advantage of rapid price changes to make a profit. Meanwhile, no one else will hold this coin in the long term, or maybe very few people will.

2.4% increased today is this what you call pump, and even if there are pump it's not going to last and this coin will eventually die, it's the whales that do this not because there is a new interest on Luna project backed by Do kwon we should totally ignore this coin, we should not support projects that will only remind us of the mismanagement of their developers, it's only a matter of time before Do Kwon goes to jail and all projects associated to him will banish, the volume is still huge but it will eventually diminish over the course of time.

[GreatArkansas]

(....)
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.

Manipulation. There are some people or teams behind this. They are using the current issue with Terra Luna, especially the issue of Do Kwon with interpol. Since the hype is still there, it's their time and a good opportunity to make money by scamming other people.
Expect that there are still lot of projects out there that related with this, and newbies must be aware.

[JustEducated]

I doubt that this pump will have any significant effect in Terra Luna.

Earlier this week, Interpol reportedly issued an international arrest request known as a red notice for Kwon. The spokesman who wrote to the Wall Street Journal declined to identify Kwon's location, citing "ongoing physical security risks to him and his family" and noting there have been attempts to break into his residences in South Korea and Singapore.

Kwon has yet to issue a statement via Twitter, but in prior tweets he has maintained that Terraform Labs is defending itself in multiple jurisdictions.
Prosecutors in South Korea have previously said that Kwon was "obviously on the run" and not cooperating with investigators.

Source:

With the news of the CEO getting arrested I don't believe a lot of people will still want to continue their Investment in such project.
Terra Luna is dead.

[samuraijin]

the answer is because the big whales are making money there, those who bought cheap in the past of course played there, not accusing but can also binance play there, so they will keep the price and play by making fomo everywhere to make a profit when the small traders come in into it they can throw it at any time

[Ziskinberg]

It was not pumping yet, old investors who have bought Terra have been selling their coins, and only a few have the courage to stay and hold but the majority are gone pushing the price of Luna now declining. In this scenario, you can no longer expect a price increase but a terrible drop in its price someday. We just hope that Do Kwon will give himself in peace to the authorities and settle the issue or else, this will be the reason for not trusting this project anymore or die.

[dlightag]

Terra Luna coin is trying to do correct as a result of heavy dump of the coin for past few months ago, which was implement burning mechanism towards luna coins transaction that was implemented and was seen that Luna is pumping, the truth is that is doing pull back as the result of new development that was functioning towards the ecosystem.

[so98nn]

First of all I don’t think the ecosystem is fine tuning itself on the chain. The pump and dump cycles are really normal with them. With altcoin and it’s low valued tokens they are always used for pump dump aggression so that whales can get some bucks out of it. Nothing is as surprising as we may want to connect the dots with his arrest and “no-neg” effect of the same. It’s far better to stay away from such coins as they are possibly target of whales for easy pump dump track.

[ethereumhunter]

It is strange indeed that even the trading volume of lunac is still very high, this proves that there are still many people's interest in making profits in a short time from lunac which is basically just a whale game to make profits in the bear market.

Though investors have lost their trust in Luna, we can't deny the fact that many people still have their hopes for it. They still believe that they could gain a good profit every time it pumps which I think is still a wise idea. Some coins are worth buying for a short-term investment. It's still good to take advantage of Luna despite all the issues and ruined reputation. We better embrace the opportunity to earn but we should still be mindful of its risks.

Yes, we can't deny that and maybe they think that pumping up Luna's price can give or attract more sympathy from previous investors and new investors to invest in Luna. But it will depend on every investor, especially old investors, if they want to return to investing in Luna or leave it because they have had bad experiences investing in Luna. And as long as they could still benefit from what happened with Luna, they would use it to their advantage. And if that means investing for the short term, that's okay because what matters is how they can make a profit.

[dimonstration]

First of all I don’t think the ecosystem is fine tuning itself on the chain. The pump and dump cycles are really normal with them. With altcoin and it’s low valued tokens they are always used for pump dump aggression so that whales can get some bucks out of it. Nothing is as surprising as we may want to connect the dots with his arrest and “no-neg” effect of the same. It’s far better to stay away from such coins as they are possibly target of whales for easy pump dump track.

Actually the Luna ecosystem is indeed pumping before the announcement of Do Kwon arrest. The pump just stop and back to the original price before the recent pump occur by the time the news about Do Kwon being arrested release on the public. The current price is really a pump price because all the crypto market is dumping while Luna and the gang price is still a bit above now there pre pump price.

I think Luna community along with the whales is trying to pump the whole ecosystem to get again the momentum but they failed because of the timing of Do Kwon arrest news.

[OgNasty]

It's obviously a dead coin, but the amount of news coverage it got is of course going to lead some curious individuals to the slaughter.  One thing I've learned about new investors is that they love to try and grab a falling knife.  They see that when things hit bottom they typically bounce, and new investors want to catch that bounce for easy profits.  However, that bounce can go down quickly and leave them as bagholders.  It's far better to actually invest in good things and have patience.  New investors don't care about that though.  They want to get rich overnight and so they do dumb things like invest in Terra with the thought it will bounce and they'll get rich.  I doubt anyone buying it cares anything at all about the underlying tech or use case.

[serjent05]

It's obviously a dead coin, but the amount of news coverage it got is of course going to lead some curious individuals to the slaughter.  One thing I've learned about new investors is that they love to try and grab a falling knife.  They see that when things hit bottom they typically bounce, and new investors want to catch that bounce for easy profits.  However, that bounce can go down quickly and leave them as bagholders.  It's far better to actually invest in good things and have patience.  New investors don't care about that though.  They want to get rich overnight and so they do dumb things like invest in Terra with the thought it will bounce and they'll get rich.  I doubt anyone buying it cares anything at all about the underlying tech or use case.

True Terra is a dead coin but sadly there are adventurous investors that wanted to try their luck by investing in dead coins.  Aside from that, there are pump group that uses the news as an opportunity to pump and dump a dead coin and this Terra is not exempted.  I also think that the volume of this project is fake,  insiders just do wash trading in order to create volume and be seen on the exchange .

Old investors have been loosing a lot of their money and how can they go back to invest in the shit scam coin like lunc again? They must be dumb investors. I think that you must also see the update about luna burn. It's not all of volume being counted to determine the fees. there are so many exchange sites who have been manipulating the daily trade volume too.

True, lots of old investors lost a lot of money in this terra crash.  I doubt they will reinvest in the shit that makes them lose huge amount of money.  The Luna burning mechanism is just a gimmick to make the investors think that LUNC will be scarce in the futre.

[erep]

True, lots of old investors lost a lot of money in this terra crash.  I doubt they will reinvest in the shit that makes them lose huge amount of money.  The Luna burning mechanism is just a gimmick to make the investors think that LUNC will be scarce in the futre.

The biggest recent influence is that binance supports the burning of Lunc tokens, thus increasing the interaction of traders and investors with the assumption that Lunc tokens will be very rare someday, but even though binance is involved in it but we must consider the risk of huge losses from investment lunc coins , i have ignored any coin related to luna and also luna news because if we care about updating luna information it will bring investment loss.

[Mario Yamasaki]

What is happening with Luna at this time as confusing, they almost died but can pump and the case has not been completed because Do Kwon is a fugitive police, but a good fact is Lunca can rise this week more than 47%, I hope that Lunc will soon be ranked top 15 in 2022.

[DeathAngel]

It’s called a dead cat bounce, it doesn’t mean LUNA now has a future again. It’s a dead token & it’s not advisable to start investing in it.

If it does pump I’d say it’s a good opportunity to sell & get out whilst you can. LUNA is going nowhere bullish fast.

[d3nz]

Terra continues to rise when the market is red, it looks like they are trying their luck by continuously pumping, many think that the Terra team gets a big profit and keeps bitcoin assets so they can keep pumping Terra.

This happens before and "Whales" are trying to pump fewer volume altcoins and obviously they target LUNC and LUNA which are very controversial crypto. Mostly, traders will get into the trap in which and ride on the trend that "Whales" will surely drop the value once BTC moves towards the uptrend again.

[thecodebear]

Luna Classic is pumping because they are trying to rebuild the ecosystem through reenabling staking, slowly burning through the trillions of tokens that were brought in through Do Kwon hyperinflation, adding back apps to the ecosystem, and eventually trying to repeg some stablecoin. Mostly the pump the past week and a half has been because the burning started (though it will take many years to burn the supply down from 6.9 trillion to 10 billion which is when the burn will end).

Only time will tell if these measures bring the ecosystem back alive and make it a major player in crypto again. But that is why it has pumped lately.