$1000LUNC Don't think the rise of LUNC is unreasonable; this wave of increase is a quadruple blow driven by events + favorable destruction + platform endorsement + emotional resonance. Let's break it down:
With the founder's hearing approaching, the speculation is about the expectation gap. Do Kwon's judgment hearing is just around the corner, and he previously pleaded guilty to fraud charges. The market is betting that once the judgment is in, the legal uncertainty surrounding the project will significantly decrease. For a cryptocurrency that has long been suppressed by negative news, as long as there is a hint of 'bad news exhausted,' funds are willing to enter and bet on a rebound.
Continuous destruction reduces circulation; a real supply-side reform. Since December, LUNC's destruction has been full throttle, burning 849 million coins in just one week. Binance has also allocated half of the transaction fees to destruction. This is not just talk; it is a real reduction in circulation. The logic of 'scarcity is valuable' always works in the crypto world, directly boosting community confidence.
Top platforms endorsing + network upgrades provide solid support. The Terra Chain just completed the v2.18 upgrade, fixing vulnerabilities and enhancing stability. Most importantly, Binance officially announced support for the upgrade and even suspended withdrawals to cooperate. Actions from top exchanges serve as a barometer, and this operation directly dispelled market concerns about the project being 'abandoned,' making fund entry more solid.
Social media heat ignites retail investors; emotional appeal + forced short squeeze double kill. The retro Terra T-shirt from the Dubai Binance Blockchain Week went viral on social media, evoking nostalgia among old players. Coupled with the community's ongoing momentum, retail investors entered the market + shorts were forced to close their positions, driving buying pressure to a peak, and this emotional resonance caused LUNC's price to soar.
Keep up with my rhythm; I'll let you know in advance next time!
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