Can bankruptcy concept coins rise? LUNA, LUNC, FTT, and USTC continue to surge; should you buy in or short?

⚡️ What happened?

LUNA, LUNC, and FTT are all bankruptcy concept coins that have been continuously speculated on after the collapse. Recently, these three have seen a collective rise, with LUNA's spot and contract prices remaining basically flat. Short-term volatility is severe, but it is trending towards stability in the medium to short term, with contract funding rates negative and short positions dominating. LUNC, on the other hand, has seen significant social heat, token burn progress, and the promotion of the OrbitLabs proposal, leading to notable social engagement and capital inflows, with outstanding short-term gains. FTT is frequently linked with LUNA in market discussions, showing clear signs of capital rotation.

⚡️ Market sentiment

Market sentiment is polarized; some investors panicked and withdrew after heavily shorting, while short capital is active, but bullish sentiment has not fully dissipated. The community shows strong support for LUNC's burn and proposals, creating a thick atmosphere of speculation. A new project in the LUNA ecosystem, 'luna2', has triggered capital diversion and narrative speculation.

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