There are several risks and unknowns with Terra Luna and UST, yet many are starting to buy Luna. Why?

Many are buying V1 Luna because of speculation it’ll be rebranded Luna Classic and stay as an alternative to V2. If this happens minting could in theory be stopped, leading to an increase in price.

Another reason is many are outright refusing to invest in v2. There’s a possibility the vast majority could cling to v1 and turn it into some type of a memecoin.

There’s also speculation Do Kwon may launch a v2 but also attempt a compromise by doing some type of V1 burn.

In either of the above scenarios things could look good for Luna Classic’s price.

Weighing on Do Kwon’s mind is the fact 90% of investors voted against his proposal and likely hold him in an unfavorable light. If he’s working with (or eventually hires) a PR team, they may end up telling him the only solution is some type of compromise involving a burn.

I agree odds probably favor a burn not happening, but you shouldn’t completely rule out all possibilities.