Just wondering peoples thoughts on Luna Classic and it’s long vs. short potential. I see people are banking on a repeg but I don’t see how that would work being that USterra which was supposed to be pegged at $1 is well under $1 and their are wallets that got billions in the airdrop that we are aware of and even if their “stable coin” went to a dollar the dump potential by the top wallets would cause more havoc. I also believe stable coins are under legislative pressure. Aside from that the Do Kwon being on the run saga is still developing… Now I know tons of people are saying that Do Kwon isn’t a part of Lunc but that honestly doesn’t look like a full fact. Being that TLF still communicates actively with TerraRebels (the new set of devs that are trying to bring luna classic back)
It also seems like tweets from accounts like @cz_binance, @bull_bnb, and even @stablekwon himself are the main pumps of the coin.
It just seems like the revitalization of Luna Classic is a glass house with a shib, safemoon, Doge in 2020 type community.
Thoughts?
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