TerraClassic, UST, Terra Luna 2, all pumping ! But why ?
I hear they're burning a lot of tokens... but , still doesn't make sense. The supply is still gigantic... especially Terra Classic, UST is still DePegged by a mile... AND Bitcoin is going lower and lower !!
WTF is going on !!
Simply put speculators do not care at all about the fundamentals of a coin and as long as think they can get some profits then they are going to trade the coin regardless of its background, it is disappointing but it is not unexpected, however I will recommend that people stay away from those coins, since it is just a matter of time before those coins collapse all the way to zero, and you do not want to be the last person holding those useless coins.