The issue with $LUNC centers around a large entity that acquired 2.3 trillion coins at very low prices after the crash. Instead of suspending support for the token or promoting a burn mechanism, the entity sold these coins to customers. This has led to the creation of "eternal holders," and the situation has had several negative effects:
Manipulated investor sentiment: By selling these coins, the entity fostered false hope and optimism about a potential recovery.
Market distortion: The influx of cheap coins into the market disrupted natural market correction mechanisms, preventing from recovering or stabilizing through organic demand.
Perpetual liquidity drain: With so many coins now in circulation and being held, there is a continuous withdrawal of liquidity from the market, undermining the long-term sustainability of the token.
This situation has raised concerns about the manipulation of market dynamics and the long-term viability of $LUNC.
OPPORTUNITY ALERT: EARN UP TO $100,000 WITH $DODO!
$DODO is revolutionizing the crypto space, and here’s why you should take notice:
Effortless Token Creation: Easily launch tokens across multiple blockchains with just one click.
Liquidity Management: Take control of your returns by managing your own liquidity pools.
Reliable Trading: Experience seamless transactions with Pegged Pools.
Meme Coin Launchpad: A new platform for meme projects is on the way!
With support from industry leaders like Binance Labs, is poised for significant growth. Don’t miss out on this opportunity!