Renowned Terra whistleblower FatMan advises market participants against investing in LUNC as he sees a crash looming.
Terra Classic (LUNC) has sustained its mind-boggling run for over a week now, causing investors’ confidence in the asset to soar. As a consequence, more speculators are eventually jumping on the moving train. Notwithstanding, renowned Terra whistleblower FatMan has argued that the asset’s run will soon hit a roadblock.
FatMan mentioned this on Twitter in the late hours of Thursday. According to his tweet, many investors jumping on the LUNC craze are ignorant of market conditions and aiding in asset price action. FatMan further noted that the pump from this mass demand would most likely be unsustainable in the long run.
“Consider this a warning… An alarmingly high number of ill-informed market participants have rushed into LUNC, fuelling a speculative pump that cannot be sustained. Scarcity without utility equals futility, as SafeMoon et al. have proven,” the tweet says. FatMan then advised investors to only invest what they can afford to lose, highlighting the high probability of losses.
Consider this a warning… An alarmingly high number of ill-informed market participants have rushed into LUNC, fuelling a speculative pump that cannot be sustained. Scarcity without utility equals futility, as SafeMoon et al. have proven. Invest only what you are happy to lose. https://t.co/7ekgeMDULz
— FatMan (@FatManTerra) September 8, 2022
In response, a particular...
A new exchange of sharp political statements has emerged after US President Donald Trump made claims on Truth Social that were directly rejected by Iran’s Parliament Speaker Mohammad Bagher Ghaliba...