LUNC is in the news again since its community voted to burn 800 million USTC. This is leading many to expect a massive pump and crypto news sources are hyping it up accordingly.
However, this is a particularly bad crypto bet. Having already infamously failed, with questionably legal management, LUNC will never get another shot from mainstream crypto purchasers. Its reputation is as bad as can be for a cryptocurrency. News about Do Kwon’s legal issues comes out regularly reminding people about this epic fail. Even if you like meme coins or moonshots (a whole nother debate) Terra Luna Classic is not it. At best, there will be a quick pump that whales will use to dump. Don’t be someone else’s exit liquidity.
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