Would LUNA Ever Get To $119 Again?

For me, I don't think LUNA will get back to $119 again, or at least for now because they have lost the trust of so many potential investors or investors both those that actually lost money in the LUNA crash and those who watched it happen from the sidelines, like in the eyes of so many people LUNA is now a shitcoin and that happened is a matter of days. Luna currently has a circulating supply of 6,531,080,032,324 LUNA almost 7 billion, which most people are unaware that the LUNA supply has gone literally over 1,000x since last week, and the treasury backing the coin is now completely gone.

As they currently don't have any Bitcoin holdings and Bitcoin is supposed to be their reserve currency, which is kind of a red flag for me. And if you're hopping on burning, Do Kwon has submitted a proposal to distribute a new token with a 1 billion supply. And those that will benefit the most from it are those holding before LUNA crashed. I have this question to ask if they print new tokens, will investors still believe in them? it feels like they are running away from this problem LUNA.

But then a gain In history, there was a hacking case with Ethereum, some years in 2016, in April, the decentralized autonomous organization (DAO), was hacked and after the fall of the coin, they quickly restored it to the previous prices, who knows that in crypto anything can happen. Although Ethereum abandoned the original project called Ethereum classic and started what now is called Ethereum. They didn't increase supply to 7 Trillion though LUNA did well today, pumping for hours which rekindled people's interest in LUNA which has already been written off by many investors in the crypto space, and you will not blame them because many people lost their life savings on LUNA. many managed to make 10x from their Investment made yesterday or before the pump started. But people should be careful.

Terra LUNA actually add some zeros out today with a 3000% pump, Well now I see LUNA as a shitcoin or a meme coin in the sense that those who lost have a shot of getting it all back with this gamble, and that is the nature of a shitcoin and we all know what meme coins do overnight crazy pump. Luna managed to have a huge pump of 3000% today and people now people are FOMOing hard into it already which is shocking because a few days ago. But the pump is gradually subsiding though and it might lead to a dump again and this time Luna might never recover for now. Let's see how it goes

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