Terra Luna Classic and Voyager are two projects nobody expects to attract a lot of investors anymore. Yet they're going parabolic ? Right at the bottom of one of the worst bear markets crypto's ever had ??
This is madness.
I totally agree with you that this is madness and i also have no idea why this is happening at the moment. I first noticed the crazy trading volume of Terra Luna Classic on Kucoin when i wanted to try out on of their trading bots for the first time and there the LUNC/USDT trading pair has the highest volume of all USDT trading pairs on Kucoin which i just can not understand. A lot of the trading volume on Kucoins obviously comes from the trading bots because that trading pair has a high volatility and huge volume which are both great things for a trading bot. That still does not explain though why the price of LUNC keeps climbing. I mean, who would buy that coin now?
I think it's shark manipulation, they're trying to pump a little bit more to create a trap, leaving people who still believe in lunac on their way to recovery. Just like other noobs in the market, when bitcoin is at $19k no one dares to buy for fear of falling more, but when bitcoin rises to $25,000 there will be a lot of people jumping in to buy for fear of missing the train. Likewise, people will buy Lunac when the price spikes, but they don't know that it's a price trap and the sharks will dump it from there.
The price of Luna is rising but not in a natural way. There must have been manipulation by the Blue Whales or manipulation by them. Prices are increasing by 50-60 percent every day. When Luna destroy for the first time many investors lost their wealth and some even committed suicide. Now that they're on the way again, a big crash could happen again.