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.
The pump is just driven by the hype of its community. Many believe that the 1.2% tax burn proposal on LUNC will send the price flying so many people are buying it thinking that it could even reach $1. They don't realize that it is not finalized yet and CEX only announced that they will support the proposal incase it will be approved. Same as voyager, it also went parabolic because of its established community. With how low its price went, it's very easy to pump and dump it. Crypto enthusiasts just see those coins as shitcoins now. Everyone wants profit in crypto so when there is an opportunity to earn, people just ride the wave to take advantage of the hype.