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.
Actually coins pump and dump depend upon the News rumour. Some days ago we seen the best project Tornado Cash down from 32$ to 12$ because of bad News around there. Now Luna Classic pump reason is also new to tax burning. This burn will decrease the supply of coins. This is the reason all investors now investing in this coin.
Luna despite its bad record still makes noise and attracts more investors. Despite the risks that it has, there are still investors who want to take the risk with the hope of gaining a good profit again but I don't think it's something that we should all fall for. I still find it risky to trust Luna because it has an unreliable team.