I've been saying it over and over—it's a scam. But in the end, many traders keep taking short positions on projects like Luna, chasing massive profits.
From the data gathered, some people have managed to make over 800% returns on average. While some investors were hoping for a high listing price due to the time they spent mining (despite the clear red flags), others were eagerly waiting for a listing just to go short.
It’s a vicious cycle, and hopefully, we won’t see such scenarios repeating in the future.