If the people on the project can still work together to continue the project, maybe the project can still run without Do Kwon. But if they don't have the same vision and goals anymore, maybe it will be a dead project that will add to the long list of projects that eventually disappear from the crypto market. We'll see what happens later and maybe there will be a notification from the team from the project.
Despite the fact that Lunc was created at Dokwon's suggestion, it seems that Dokwon has nothing to do with it, he hasn't run it since it was created. So all Lunc needs now is the community's trust in it. Live or die is for the community to decide. Currently, I see it traded on several major exchanges, so from that, I can see that it's still being used by a lot of people.