Terra Luna Classic (LUNCUSD)

[xZx]

that binance LUNC launch (around 5/30/22?) was their pump for exit. we ran nearly vertical, straight up to .00019 for their dump. the binance chart shows it wicking to .0003

now we can try to guess where (or if) they'll reload at bottom.

at the present rate of decline, we're about a week away from .00001

if it gets there will whales load up trillions, burn a few trillion more, then suddenly add a bunch of utilities for value, or will it become a zombie like Dogecoin, which dragged through sub-pennies for years.

if the likes of CZ and buterin have given up on helping LUNC holders get whole, this has become a risky play, even at bottom.

we've discussed a burn tax here, and that's a very popular idea, but i'm finding out it has to make it through a governance process on terra's website, passed by a vote, which includes kwon and his v2 cronies.

someone correct me if i'm wrong but it sounds like kwon still has a lot of influence over LUNC.

and of course this hasn't been fair from the start:

https://www.reddit.com/r/TerraStation/comments/usgmck/terras_scam_proposal_1623/