What will happen to LUNC after its founder is arrested?! - page 2.

coinerer

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Quote from: albon on September 14, 2022, 02:00:15 PM

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 Sad

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.

ChiNgadOr

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Quote from: MiF on September 16, 2022, 05:29:08 AM

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.

erep

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Quote from: serjent05 on September 16, 2022, 04:21:34 PM

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.

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Quote from: MiF on September 16, 2022, 05:29:08 AM

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.

Quote from: abel1337 on September 16, 2022, 03:18:58 PM

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.

abel1337

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Quote from: albon on September 14, 2022, 02:00:15 PM

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 Sad

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.

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Quote from: albon on September 14, 2022, 02:00:15 PM

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 Sad

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.

Bobrox

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Quote from: Oasisman on September 16, 2022, 06:10:47 AM

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.

sayaya17

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Quote from: MiF on September 16, 2022, 05:29:08 AM

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.

Jawhead999

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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.

bossofbetting

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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.

Oasisman

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Quote from: albon on September 14, 2022, 02:00:15 PM

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?

MiF

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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.

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Quote from: cryptoaddictchie on September 16, 2022, 12:13:00 AM

Quote from: adaseb on September 14, 2022, 10:02:57 PM

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.

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Quote from: adaseb on September 14, 2022, 10:02:57 PM

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.

Imran232

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Quote from: albon on September 14, 2022, 02:00:15 PM

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

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.

goinmerry

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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.

goinmerry

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Quote from: albon on September 14, 2022, 02:00:15 PM

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 Sad

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.

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Quote from: adaseb on September 14, 2022, 10:02:57 PM

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.

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Quote from: BitDane on September 15, 2022, 05:40:51 PM

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.

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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.

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