Very interesting, yesterday I noticed that LUNC actually increased by 15% over the past week, but what's strange is that staking activity has actually increased significantly amid the volatile price movements.

Usually, when prices drop, holders get scared and many withdraw their staking. But with LUNC, it's the opposite – the staking ratio of LUNC keeps increasing. This indicates that some people believe in the long-term fundamentals even though short-term price action is fluctuating.

There are two possibilities: either these are long-term holders who are accumulating via staking, or maybe there's a specific trigger that makes people more interested in locking their tokens. If the staking yield is good, this could be a pretty smart strategy for DCA with passive income.

If there’s a major update about Terra Classic later, all of this might make sense. But for now, the phenomenon of staking increasing while the price moves sideways is worth watching 👀