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.
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?