ypto. We already heard that five people involved in scamming Luna have been arrested. This was supposed to cause the price of Luna to collapse, but today it has seen a further increase of around 26 percent LUNC. So it is not very easy to predict anything.
Yes, I was surprised by the price surge of this project after the arrest. I thought and I think many will think about the abrupt drop of its price but it was too wondering why it goes like this. But even it shows like that I was still don't have the confident of this coin for I believe that there is someone who use to hype this project and certainly, it was not sustainable, I'd see a trap waiting for those who tried to invest this project now.
Don't be too happy to see the LUNC price suddenly rise, this could be a trap. I also have the same suspicion as you. Looks like someone is
manipulating the price of LUNC to pump and dump, don't be in a hurry to buy LUNC right now. Because the arrest of Do Kwon as the founder of
LUNC should have made the price of LUNC continue to fall. There's a possibility that Terra teams will want to make a profit one last time before
LUNC really dies. So my guess is that Terra teams manipulated the price of LUNC, later after a lot of people bought LUNC, they would dump LUNC
and run away. I hope that investors who want to buy LUNC please think carefully and analyze before deciding to buy LUNC. Because I think
the increase in LUNC is most likely a trap, therefore I am not interested in buying LUNC. I'm sure the price will fall again in the near future.