The $LUNC situation has stirred up quite a bit of concern. A major entity scooped up 2.3 trillion coins at bargain prices after the crash. But instead of taking steps to help recover the token, like promoting a burn mechanism, they sold off these coins to customers, creating what many are calling "eternal holders." The impact has been harsh:
Manipulated sentiment: Investors were led to false hope of recovery.
Market distortion: The flood of cheap coins disrupted organic correction.
Liquidity drain: With so many coins held, liquidity is constantly being drained, hurting the token’s long-term potential.
This raises serious questions about the manipulation of $LUNC's market and its future viability.
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