LUNC’s current rally is something else. Trading volume is approaching $2 billion, turnover rate is explosive—this isn’t just market makers faking numbers, it’s real money flooding in.
Just look at the burn data—960 million tokens burned in the past seven days. A major exchange threw all the fees earned in November straight into the burn black hole, slashing circulating supply by nearly 1%. The deflationary effect is clearly visible.
But the real fireworks are coming up. A 48-hour countdown: on December 8, the v3.5.0 hard fork goes live. What does reactivating the Market Module mean? On-chain order books and market-making functions will be restored, letting the DeFi ecosystem get back on track. Top platforms have already announced support for the upgrade—this half-dead chain is getting a new lease on life.
Do Kwon’s trial verdict will be out next week. Experienced market players know—when negative news drags on this long, the actual event often becomes a turning point. Right now, people are front-running, betting on “bad news landing = good news beginning.”
And that Dubai event was wild. The CoinDesk host went on stage wearing a LUNC T-shirt, and once the photo spread, retail investors went crazy. Shouts of “faith” from the stage, while the whales were already quietly building their positions in the crowd.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
7 Likes
Reward
7
6
Repost
Share
Comment
0/400
MentalWealthHarvester
· 20h ago
Hard fork + destruction + judicial enforcement—these three strikes are really impressive. I'm just worried that it'll end up a complete mess.
View OriginalReply0
StakeOrRegret
· 12-09 22:47
This wave is indeed a bit interesting; the burn data doesn't lie.
View OriginalReply0
NightAirdropper
· 12-09 22:45
Damn, this round of burn data is really impressive—960 million tokens burned is no joke.
But wait, is that Do Kwon thing really going to be a turning point? I’m still a bit confused.
It’s always like this before a hard fork, the big players probably got in early.
Wearing branded T-shirts as a trick? It really can fool retail investors—I almost fell for it myself.
Is real capital coming in, or is this just the setup for another rug pull? Who knows.
$2 billion trading volume looks impressive, but with turnover rate this high, are they aiming for a new high or just dumping on the market?
Circulating supply dropped by almost 1%, deflation expectations are solid—assuming there’s support going forward.
DeFi ecosystem reboot? Sounds nice, but the real question is whether anyone will actually use it.
View OriginalReply0
MetaverseMortgage
· 12-09 22:43
Damn, it's so hyped on the eve of the hard fork. Is anyone really buying in?
View OriginalReply0
MainnetDelayedAgain
· 12-09 22:39
It’s been almost a year since the last promised hard fork. Will it really be on time this time?
---
According to the database, the ratio of promises delivered to actual delays is worthy of a Guinness World Record.
---
Burn data looks good, but real deflation depends on the fulfillment rate of promises.
---
Top platforms have officially announced support, but what year was the last announcement again?
---
Do Kwon’s trial, hard fork, token burn, market making... I feel like I’ve seen this combo somewhere before. Didn’t they say the same thing in 2021?
---
Just waiting patiently—anyway, I’m already quite skilled at the art of waiting.
View OriginalReply0
potentially_notable
· 12-09 22:33
Damn, the hard fork is really happening, feels like something big.
Not exaggerating or hating, burning data like this is definitely ruthless.
The real show will be the day Do Kwon’s verdict comes down.
The big players have already made a fortune quietly, while we’re still chatting in the groups.
Will this give us another chance, or will it just be another letdown?
LUNC’s current rally is something else. Trading volume is approaching $2 billion, turnover rate is explosive—this isn’t just market makers faking numbers, it’s real money flooding in.
Just look at the burn data—960 million tokens burned in the past seven days. A major exchange threw all the fees earned in November straight into the burn black hole, slashing circulating supply by nearly 1%. The deflationary effect is clearly visible.
But the real fireworks are coming up. A 48-hour countdown: on December 8, the v3.5.0 hard fork goes live. What does reactivating the Market Module mean? On-chain order books and market-making functions will be restored, letting the DeFi ecosystem get back on track. Top platforms have already announced support for the upgrade—this half-dead chain is getting a new lease on life.
Do Kwon’s trial verdict will be out next week. Experienced market players know—when negative news drags on this long, the actual event often becomes a turning point. Right now, people are front-running, betting on “bad news landing = good news beginning.”
And that Dubai event was wild. The CoinDesk host went on stage wearing a LUNC T-shirt, and once the photo spread, retail investors went crazy. Shouts of “faith” from the stage, while the whales were already quietly building their positions in the crowd.