Is Do Kwon being extradited to South Korea.
This is favorable for the industry since justice would be done by having him detained in that country.
What would not do justice is if the situation favors him.
The two coins, LUNC and Luna, would have a negative effect if Do Kwon returned to the industry.
LUNA = weaker in reputation/narrative if Do Kwon comes back and gains prominence again.
LUNC = more prone to speculative moves and irrational volatility.
Short/bearish conclusion:
if he returns, real trust damage occurs. The cleanest case is Luna since it’s more tied to Terra.
Speculatively and possible pump: LUNC. Why? Because just from the noise, everyone would speculate and buy only out of FOMO.
No matter how exceptional a job he does in Luna, nobody would trust him again.
However, Lunc has the community’s support.
But I also don’t rule out that it could be negative for Lunc as well.
#LUNC $LUNA
This is favorable for the industry since justice would be done by having him detained in that country.
What would not do justice is if the situation favors him.
The two coins, LUNC and Luna, would have a negative effect if Do Kwon returned to the industry.
LUNA = weaker in reputation/narrative if Do Kwon comes back and gains prominence again.
LUNC = more prone to speculative moves and irrational volatility.
Short/bearish conclusion:
if he returns, real trust damage occurs. The cleanest case is Luna since it’s more tied to Terra.
Speculatively and possible pump: LUNC. Why? Because just from the noise, everyone would speculate and buy only out of FOMO.
No matter how exceptional a job he does in Luna, nobody would trust him again.
However, Lunc has the community’s support.
But I also don’t rule out that it could be negative for Lunc as well.
#LUNC $LUNA