Does the imprisonment of the founder of Terra affect the LUNC currency? And why does burning not raise the price?
Do Kwon, the founder of Terra, was sentenced to 15 years in prison for fraud, but this does not mean the deletion of LUNC coins or the stoppage of the network, as the project is now fully managed by the community and not by the founder.
Despite the ongoing burning operations, the market does not feel a clear impact... and the reason is simple:
🔹 The total supply is very huge (more than 5.8 trillion), and the daily burning represents a tiny percentage that does not have a quick effect.
🔹 A large inflation occurred during the collapse, making the impact weak.
🔹 The currency currently relies more on speculation than on fundamentals.
🔹 Development is slow, and burning alone is not enough to raise the price.
🔹 Any rise that occurs is often due to speculators—not due to burning.
✔️ In summary:
Burning is only beneficial in the long term, and LUNC will not rise significantly unless there is a massive burn, strong actual development, or substantial support from major platforms.
As for the imprisonment of the founder, it does not affect the existence of the currency nor does it mean its deletion.
$LUNAI
