- Fintech Cryptocurrency News Media| Crypto Guide.

A well-known analyst by the name of FatMan who looked into the entire LUNA-UST disaster, all the way down to its roots, and purchased a great deal of evidence against the creator and his crew has now cautioned his followers against making a hasty investment in LUNC.

According to the expert, many investors are currently getting on the moving train, despite the possibility that market conditions could be quite unstable, which may have an impact on the price of LUNC very soon. And because of this, there is a possibility that the LUNC price will not remain at the levels it has gained for an extended period of time. FatMan is referring to the LUNC burn trade, which is anticipated to burst very soon.

When people asked the analyst whether it is a better choice to short LUNC in these kinds of situations, the expert gave a rather negative response. In spite of the fact that he claims to hold zero (ZERO) LUNC tokens, he does not advise engaging in any short trades at this time. He is of the opinion that there is nothing else that can be done to raise the price than limiting the supply.

In the interest of full disclosure, I would like to state that I do not own LUNC and that I do not have any long or short positions. Additionally, for the sake of clarity, I do not encourage taking any positions in this market. It's only that far too many people are crypto-illiterate and are therefore being led astray; lowering supply only works if there is no change in the quantity that's being demanded.

Despite the fact that the price of TerraClassic (LUNC)

has been largely consolidated since the early trading hours, the price may currently be going through a modest correction following a massive surge. The price of LUNC, which is currently trading at $0.0005039, has had a significant decline of 13.42% in the previous 24 hours. This comes after the price of LUNC experienced a significant increase of 123.04% in the past seven days.