It is very suspicious that the price of LUNC increased after the news of Do Kwon's arrest, the price of LUNC should have gone down with the news.
What happens now that the price of LUNC suddenly rises, it is clear that there are parties who take advantage of this situation for certain purposes.
So I really have to be careful with LUNC, for me it is very clear that someone is manipulating the price of LUNC, so I choose not to invest in LUNC.
Obviously it was just ordered like that. They have a good chunk of money and they knew that they are getting out of one big crash and couldn't handle another one so they used the money they have to keep it high, so that people wouldn't be worried about it. I never found that to make sense but using the money you are given to improve something on keeping it high and losing it never made sense.
Let it fall and make the coin so great that people should want to buy it instead of selling it. LUNC is long gone and would never really comeback, I assume that it would be quite terrible in the long run for many people and probably will not end up being worth anything.