$LUNC

Everyone already knows what Luna Classic is - there's no mystery there.

No serious trader believes this pump will last. The project itself has long been abandoned, and its original founders face potentially decades behind bars.

What's happening now is just a playground for small groups manipulating short-term price action.
Given the current conditions, it's highly unlikely that another strong rally could be sustained by capital alone.

The momentum has already hit a ceiling.
The only possible scenario for another sharp move up would be if a massive concentration of shorts builds up, triggering a short squeeze. But looking at the current funding rates, there's no significant accumulation of short positions.

In short: at this stage, the market setup favors short positions. Unless funding rates turn deeply negative - which would signal excessive short exposure - there's little reason to expect a squeeze anytime soon.