David Gokhshtein Believes The Community Can Save Terra Classic

David Gokhshtein, founder of Gokhshtein Media, believes LUNC might emerge from its “lottery ticket” status and make a return if the community can find a way to establish a solid use case.

The LUNC token was referred to by Gokhshtein as a lottery ticket, similar to the famous musical chairs game for children. He explained that when the music stops, everyone must find a chair to sit on, but there are always fewer seats than musicians. He observed that in LUNC’s scenario, the person with a full bag of these tokens is invariably the one who is left without a chair.

He believes that LUNC, which has lately acquired popularity following the collapse of the original Terra Chain, is mostly purchased by gamblers looking to make fast cash.

Gokhshtein recently tweeted that LUNC is owned by the community, with half of the members stepping in to gamble and the other half remaining those who suffered from the collapse. He feels that if the community can come up with a solid use case, it will be an astonishing return.

Terra tokens, LUNC and LUNA, came under further selling pressure as the legal drama involving Terra CEO Do Kwon took a new turn. At the time of writing, LUNC is trading at $0.00028979.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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