LUNA and LUNC shitcoins pumping like crazy! STAY AWAY!

in LeoFinance3 months ago

Hi HODLers,

Over the course of 24 hours, LUNA and LUNA Classic Tokens have shot up like crazy!

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Both LUNA and LUNC shot up as almost a coordinated pump.

I will say it once again: "STAY AWAY FROM THESE SHITCOINS"!

There is so much opportunities in blue chips and well-ran projects. I am going to list a few if you lack ideas:

  • Ethereum
  • Polygon, Optism, Arbitrum...
  • HIVE!!!
  • Uniswap, ImmutableX, Curve, Aave...

Reason for the pump?

LUNC has also surged as traders got excited about a new burn scheme that would reduce the token’s hyperinflated supply, as CoinDesk reported Thursday. The rally has somewhat stalled since then, as the coin slid 17% in the past day.

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From $2 to $6/$7 in such a short time period just show how manipulated and speculative this "shit"coin is!

No better sum-up of the situation than what Route 2 Fi wrote:

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Reason for LUNA Classic's Pump?

According to LuncStaking_Bot, users have staked more than 610 billion LUNC with Terra Classic against its net supply of 6.9 trillion units.

It means that nearly 9% of the total LUNC supply is now removed from circulation.

If you ask me: Cool but nothing to make it pump that much.

Sources:
Terra’s LUNA Token Gains 200% in a Few Hours Amid Speculative Frenzy; Coindesk
Here’s why Terra Classic price has soared by 250% in September; Cointelegraph

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Well it might be a shitcoin but my bag lunc already went x5 from August. Looking to see how it reacts few days before Sept 20. One thing I have come to learn about this things is to make profit from them and move on to the next one

The coins are now pumping. I bought some Luna at $2.00 before it collapse. Then it relauch which means I get a 1:1 swap. I shall check on kucoin to see if it still worth something !