Reddit forum mutual encouragement, will Saylor "save" STRC, and Chuan Mu's "contradictory persona."
Written by: Nicky, Foresight News
Welcome back to Spicy Commentary, where we bring you weekly highlights of the crypto world's "encouragement, depegging, and secret selling" moments.
Three things this week: Reddit bros encouraging each other in the bear market, will Strategy's STRC be the next LUNA, and a trader's 1828 tweets exposed.
This Month's "Most Emotionally Valuable" Post
In June, the cryptocurrency market saw a sharp decline. BTC fell more than 20% in the month, breaking below the $60,000 mark, and market sentiment hit rock bottom.
On the Reddit CryptoCurrency section, someone posted a thread with just one sentence:
"To hell with fear, uncertainty, and doubt!"
The comment section instantly became a place for retail investors to vent their emotions:
"FUD is for weak hands; diamond hands just keep buying the dip."
A netizen commented: "This is the most emotionally valuable post of the month."
Be greedy when others are fearful, and fearful when others are greedy.
Salute to those who keep holding 🫡.
Who will provide exit liquidity 🤔?
A shill telling everyone not to sell 🤣.
If you don't sell, it's all "paper loss" 🥶.
So selling at the top means you can live a high-end life 🤪?
HODL firmly!
Sell high 📈, buy low 📉!
We are all brothers!
STRC Depegs: Will It Be the Next LUNA?
Arkham's official account posted a sensitive question on June 25: "Will STRC be the next LUNA?"
The answer: Not exactly the same, but there are big problems.
First, an explanation: STRC is a perpetual preferred stock issued by Strategy, with a face value of $100 and an annual dividend of 11.5%.
Currently, STRC has fallen to around $76.2, a discount of about 25% from its face value—meaning it has "depegged."
Why the drop? Because investors are starting to doubt: Is Saylor willing and able to continue paying $1.2 billion annually in dividends?
According to data, there are about 105 million outstanding STRC shares, with annual dividend payments of about $1.2 billion. Strategy's dollar reserves, announced this Monday, are about $1.4 billion—enough to cover one year, but not the second.
The key difference: Saylor has no obligation to pay these dividends. If he decides to suspend dividends, STRC may continue to fall, but Strategy itself won't go to zero overnight like LUNA.
However, there's a risk ahead: If MSTR (Strategy's common stock) investors find that their money is being used to prioritize preferred stock dividends, they may reduce their purchases of MSTR.
So what's the bottom price exactly?
The K-line chart has already shown the "final result" 📉.
Maybe people don't want to admit this fact 🫢.
Is Saylor paying to tell everyone this is not like the LUNA crash 😜?
So do we need to worry 🙂↕️?
It's just the market that determines the price 🧐.
Strategy CEO Phong Le said on June 22 that he had bought $1 million worth of STRC.
Coincidentally, "Deploying more capital to stabilize"—Luna founder Do Kwon once tweeted a similar view 😅.
It's exactly 4 years and 1 month since the LUNA crash. However, compared to LUNA, STRC at least has a real company behind it with real money.
Chuan Mu's 1828 Tweets Exposed, Revealing a "Contradictory Persona"
A blogger did an in-depth analysis with a straightforward title: "I Exposed Chuan Mu's 1828 Tweets"
Who is Chuan Mu? In the 2023 ORDI inscription market, he turned $500 into $1 million.
In the 2025 crypto crash, he shorted a basket of altcoins and turned $10,000 into $1 million in a month.
After October 2025, he publicly exited the crypto market, avoiding the crash precisely, and switched to Hong Kong/US/A-shares. He hit many bull stocks like Hynix, Samsung, MRVL, NOK... and his stock account exceeded 100 million yuan.
By analyzing his tweets, the author found that Chuan Mu's real strength is his way of questioning: In the AI wave, who are the end applications? Who are the infrastructure providers? Who are the supply chain bottlenecks? Who is the hardest to expand production? Who is mispriced by the market?
He doesn't first ask "which stock will rise" but instead asks "where will the entire system get stuck."
Following this logic, his main focus shifted: In the summer of 2025, he was still doing crypto mappings in US stocks (MSTR, SBET, CRCL); by the end of 2025, he switched to early AI infrastructure clues (Micron, LITE); in early 2026, he went all-in on Hynix and Samsung, the most critical links in AI storage; in May 2026, he further expanded to storage (DRAM) on the left foot and optical communication (MRVL for intra-chip optical interconnection, NOK for inter-chip long-distance optical communication) on the right foot.
However, some netizens have questioned Chuan Mu: Some coins he promoted later had a "harvest" market. At the same time, he sold stocks he said he would hold for a while midway, but the netizens who followed his trades had no idea 🥹.
So after success, there are naturally "scholars to defend him" 🫢?
Only those who have experienced it have the right to speak.
Promoting coins has become a probability game 🎲.
Behind it are stories of blood and tears 😭.
We need to understand a person from all aspects, not blindly believe, and maintain the ability to judge for ourselves!
Teacher, why didn't you notify us when you got off the bus ?
The "profits" shown are what they want everyone to see 🤩; there's another part they don't want everyone to see.
From BTC's "Reddit spiritual victory method" to STRC's "$1.2 billion dividend questioning" to Chuan Mu's "contradictory persona". This week, some people are encouraging each other, some are calculating cash reserves, and some are reviewing tweets to find the next stop.
Wish you all a happy weekend! See you next week!
(This content is based on public information and online discussions, with a light interpretation, for reference only.)
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