$LUNC burns are ramping up again but the price isn't moving—classic disconnect.
The 1.5% burn tax is actually working and chain improvements are real. Volume's flowing, supply's shrinking, fundamentals tightening.
But price? Still dead money.
Either the market's sleeping on this or there's still too much overhead supply. Burns mean nothing if demand doesn't show up.
Watching for a breakout—if fundamentals don't translate to price soon, this narrative's cooked.
The 1.5% burn tax is actually working and chain improvements are real. Volume's flowing, supply's shrinking, fundamentals tightening.
But price? Still dead money.
Either the market's sleeping on this or there's still too much overhead supply. Burns mean nothing if demand doesn't show up.
Watching for a breakout—if fundamentals don't translate to price soon, this narrative's cooked.
