Reviewing the LUNA crash, the key takeaway isn’t about 'how much it dropped', but whether the mechanism can hold up during extreme redemptions, collapse of confidence, and liquidity drying up.

When we look at STRC, the crucial question is: can it survive at least 6 months in a real market cycle? Short-term hype doesn't equal long-term resilience; we need to assess fund sources, exit strategies, risk isolation, and transparency.

If a project can only sustain its price through hype rather than verifiable mechanisms and demand, then caution is essential. First, evaluate survival ability, then discuss valuation.

$LUNA #Terra #山寨币 #risk management