Written by: Nicky, Foresight News
Welcome back to "Spicy Review," where we take you through those "inspiring, de-pegging, and insider selling" moments in the crypto world every week.
Three things happened this week: "Reddit bros cheer each other up during the bear market, Could Strategy's STRC be the next LUNA?, and a trader's 1,828 tweets get dug up."
This Month's "Most Emotionally Valuable" Post
June saw a sharp decline in the cryptocurrency market. BTC fell over 20% for the month, breaking below the key $60,000 level, with market sentiment hitting rock bottom at one point.

On the Reddit CryptoCurrency subreddit, someone made a post containing just one sentence:
"Screw your Fear, Uncertainty, and Doubt!"
The comment section instantly became a venting ground for retail sentiment:
"FUD is for noobs, diamond hands just keep DCAing."
Netizen's spicy comment: "This is the post with the most emotional value this month."

Be fearful when others are greedy, be greedy when others are fearful.

Salute to those who continue to hold 🫡.

Who will provide the exit liquidity? 🤔

Paid actors telling everyone not to sell 🤣.

As long as you don't sell, it's just "paper losses" 🥶.

So you can live a high-end life if you sell at the top? 🤪

HODL tight!

Sell high 📈, buy low 📉!

We're all in this together, bros!
STRC Depegs, Could It Be the Next LUNA?

The official Arkham account posted a sensitive question on June 25: "Could STRC be the next LUNA?"
The answer: Not exactly, but there are significant issues.
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 about $76.2, a discount of about 25% from its face value, meaning it has "de-pegged."
Why the drop? Because investors are starting to doubt: Is Saylor willing and able to continue paying out $1.2 billion in dividends every year?
According to data, there are about 105 million shares of STRC outstanding, requiring an annual dividend payout of about $1.2 billion. The dollar reserves Strategy announced this Monday were about $1.4 billion, enough for one year but not the second.
The key difference is that Saylor has no obligation to pay these dividends. If he decides to suspend them, STRC could keep falling, but Strategy itself wouldn't go to zero overnight like LUNA did.
However, the risk lies ahead: If MSTR (Strategy's common stock) investors realize that the money they invest is being used to prioritize paying preferred stock dividends, they might buy less MSTR.

So, what is the actual "bottom" price?

The chart has already shown the "final result" 📉.

Perhaps people just don't want to admit this fact 🫢.

Is Saylor paying to tell everyone this isn't the same as the LUNA crash? 😜

So, should we be worried? 🙂↕️

It's just the market setting the price, isn't it? 🧐

Strategy CEO Phong Le stated on June 22 that he had purchased $1 million worth of STRC.

Coincidentally, "deploying more capital, stand by"—a sentiment once tweeted by Luna founder Do Kwon 😅.

It's been exactly 4 years and 1 month since the LUNA crash. Compared to LUNA, at least STRC has a real company with cash behind it.
Chuan Mu's 1,828 Tweets Dug Up, Revealing a "Contradictory Persona"
A blogger conducted an in-depth analysis with a straightforward title: "I Dug Up 1,828 of Chuan Mu's Tweets"

Who is Chuan Mu? During the 2023 ORDI inscription run, he turned $500 into $1 million. In the 2025 crypto crash, he shorted a basket of altcoins, turning $10,000 into $1 million in a month. After October 2025, he publicly announced exiting the Crypto market, perfectly dodging the major downturn, and pivoted to HK/US/A-shares. Hitting many bull stocks—Hynix, Samsung, MRVL, NOK—his stock account surpassed 100 million yuan.
By analyzing his tweets, the article's author found that what makes Chuan Mu truly impressive is his questioning method: In the AI wave, who are the end-users? Who are the infrastructure providers? Where are the supply chain bottlenecks? Who has the hardest time scaling production? Who is mispriced by the market? He doesn't start by asking "which stock will rise," but rather "where will the entire system get stuck?"
Following this logic, his main focus continuously shifted: In the summer of 2025, he was still on Crypto proxies in US stocks (MSTR, SBET, CRCL); by late 2025, he switched to early AI infrastructure clues (Micron, LITE); in early 2026, he heavily invested in Hynix and Samsung, the most bottlenecked parts of AI storage; by May 2026, he further expanded to "left foot storage (DRAM), right foot optical communication" (MRVL handles chip-to-chip optical interconnects, NOK handles long-distance chip-to-chip optical communication).
However, some netizens have raised doubts about Chuan Mu. Some tokens he shilled later experienced "pump and dump" scenarios. Additionally, stocks he said he would hold for a period were sold midway, but followers who bought in were kept in the dark 🥹.

So, after success, there will always be "scholars to explain the classics for him"? 🫢

Only those who experienced it have the right to speak.

"Shilling" becomes a game of probability 🎲.

Behind it all is a story of blood and tears 😭.

Understand a person comprehensively, don't blindly trust, and maintain your own judgment!

Teacher, why didn't you notify us when you got off the train?

The "profits" shown are what they want you to see 🤩, there's a part they don't want you to see.
From BTC's "Reddit morale-boosting method," to STRC's "$1.2 billion dividend question," to Chuan Mu's "contradictory persona." This week, some cheered each other on, some calculated cash reserves, and some scoured tweets for the next big thing.
Wish everyone a happy weekend! See you next week!
(This week's content is based on public information and online discussion, interpreted lightly, for reference only.)
Past Reviews: Spicy Review|Michael Saylor's "Playboy Comments"; 60-Year-Old Aunt Liquidates and "Borrows from Young Guy"
Spicy Review|Three Stories Tell You: In Crypto, the Harder You Work, the More "Miserable" You Become
Spicy Review|"King of Retail" Had His Account Hacked by His Brother for "Scams"? AI "Excavates" Bitcoin...







