Discover and read the best of Twitter Threads about #luncburning
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1/12 I'm hearing rumblings of a #LUNCShortSqueeze
Is this just another hashtag from #LuncArmy or is there something more here?
I'm a rekt lunatic (V1) so this is a bit touchy for me.
Anyway, I love a good squeeze so I couldn't help but dive in 👇
Is this just another hashtag from #LuncArmy or is there something more here?
I'm a rekt lunatic (V1) so this is a bit touchy for me.
Anyway, I love a good squeeze so I couldn't help but dive in 👇
2/12 Recap: What’s a Short Squeeze?
A rare occurrence that begins when the price of a heavily shorted security/crypto begins increasing.
When short-sellers are forced to purchase shares to cover their positions, this causes a rapid increase in price of said security.
A rare occurrence that begins when the price of a heavily shorted security/crypto begins increasing.
When short-sellers are forced to purchase shares to cover their positions, this causes a rapid increase in price of said security.
3/12 Earlier this month, $LUNC rallied over 500% on the news of the impending burn proposal.
On Sep. 9th one of the biggest whales in crypto @GCRClassic took on a massive short position.
I haven't seen him miss.
On Sep. 9th one of the biggest whales in crypto @GCRClassic took on a massive short position.
I haven't seen him miss.
