So… Yesterday, the price of $LUNA (and $LUNC) went down 20% from $6.3+ earlier, then down again to under $4.5+ . It’s clear that someone(s?) is sinking the prices but the questions are:
- is $LUNA at the verge of a free-fall similar to that of $LUNC? Remember the new coin is not backed by any stablecoin or anything really.
- who’s behind this and is this some new attack to TFL?
- when should TFL intervene here? Because whoever is behind this will surely profit if $LUNA price is pumped too soon and we don’t know if this is a new attack and thus the intentions are precisely to have TFL burn it’s reserve funds trying to prevent the price falling too much…