Polygon founder calls out: Don't let MSTR become the next LUNA

TokenSherpa

2025-12-01 14:48:18

Abstract generation in progress

[Chain News] Today I saw a post by Sandeep Nailwal, the co-founder of Polygon, which made me feel a bit tense.

He directly named Strategy (the crazy BTC hoarder MSTR) and sincerely hoped it wouldn't become the next LUNA in this cycle. Just think about the last LUNA death spiral, how much Wall Street money and retail investors' sweat and tears got swept in together, the scene of the entire industry being severely hit is still fresh in our memory.

Sandeep's meaning is clear – our industry can no longer withstand another public collapse like that. Everyone's heart is in their throat, just waiting to see if Michael Saylor can stabilize the situation with his Wall Street tactics. To be honest, this sounds like a half-prayer, half-warning, as MSTR's leverage play has indeed made many people sweat.

BTC1.34%

LUNA0.52%

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GamefiGreenie

· 13h ago

Oh my, MSTR's leveraged operation is really playing with fire. If it really collapses, our circle will be attacked again... --- If Saylor really gets into trouble, retail investors will cry their hearts out, it would be more awkward than the LUNA incident. --- To be honest, I’m just waiting to see if Saylor's Wall Street magic still works, it feels like the whole circle is tied up. --- The shadow of LUNA hasn’t dissipated yet, and now this happens, our industry really needs a strong heart... --- Damn, if MSTR really becomes the next LUNA, the industry will regress for years, who can stand that? --- Sandeep's words are like a wake-up call, leveraging this kind of thing can easily overturn. --- The key is retail investors are going to get trapped again. Isn’t the lesson from LUNA enough? Do we really need a second round? --- Look at how anxious the Polygon founder is, it shows that the risk is really not small, MSTR is now a ticking time bomb. --- Saylor’s tricks can work in a Bear Market, but I'm afraid he might miscalculate a step... --- The industry can't withstand another death spiral; it’s true, our circle is too fragile.

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SocialFiQueen

· 13h ago

Here we go again, how come these pros are still trapped in the nightmare of LUNA... The leverage on MSTR is indeed crazy, this guy Saylor is really betting his life.

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DecentralizedElder

· 13h ago

Really, the leverage play with MSTR is indeed frightening to watch. That time with LUNA truly shattered confidence; who can withstand it if it happens again this round...

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