That was September 8th, when the LUNC price reached $0.000593 on Binance, and as of mid October LUNC is now trading over 50% lower, below the $0.0003 support level.

Light (@lightcrypto), who has 169,000 followers, tweeted: "Think LUNC burn trade is about to implode, momentum just broke, elevator down is a high possibility".

GCR (@GiganticRebirth), who has 187,000 followers, replied from his secondary account with a Hillary Clinton quote "that's right, zero". GCR famously won a $10 million bet against former Terraform Labs CEO Do Kwon, with his bearish Terra LUNA price prediction back in March.

Light, who runs a prop trading firm, then posted a long tweet thread a few days later with a mix of fundamental and technical analysis:

As well as predicting the Terra Classic price action would be a pump and dump - "pumped by hit-and-run developers and cynical exchange operators, all taking advantage of the hordes of retail looking to make it all back in one trade" he tweeted a few days later that LUNC would drop 90%+ to return to its origin, or lower.

Later that month, the LUNC price did crash 70% to $0.000179, although nothing goes down in a straight line (the Terra LUNA collapse in May was a black swan event caused by the circulating supply hyper inflating to 6.5 trillion).

For Light's prediction to play out - he charted a target of $0.00004, the yearly low of the new Terra Classic asset since the hard fork, hit on June 9th 2022 - the LUNC price would need to drop 84% from today's price.

Light's most recent tweet thread this month centres around Binance burning LUNC tokens, and how the 1.2% LUNC burn is not