The issue with $LUNC revolves around a major entity that acquired 2.3 trillion coins at very low prices following the crash. Instead of halting support for the token or advocating for a burn mechanism to reduce supply, the entity sold these coins to its customers. This has led to the emergence of "eternal holders," resulting in several negative impacts:
- **Manipulated Investor Sentiment**: By selling these coins, the entity instilled false hope and optimism about the potential recovery of the token.
- **Market Distortion**: The large influx of cheap coins disrupted the market's natural correction mechanisms, preventing it from recovering or stabilizing through organic demand.
- **Perpetual Liquidity Drain**: With so many coins in circulation and being held, the market is experiencing continuous liquidity withdrawal, which threatens the long-term sustainability of the token.
This situation has sparked concerns about the manipulation of market dynamics and the long-term viability of $LUNC.
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