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.