Im holding 100K LUNA… and you? (price was 30 euro payed in CRO
)
Btw, in the meantime thanks to the “smart” algorithm the LUNA total supply is around 7 Trillion! Just in case you were hoping to see 1 usd again
Im holding 100K LUNA… and you? (price was 30 euro payed in CRO
)
Btw, in the meantime thanks to the “smart” algorithm the LUNA total supply is around 7 Trillion! Just in case you were hoping to see 1 usd again
Easy, just gain people’s trust in UST again, let the algo buy off 6.999 trillion lunas before the price goes up to $1, let algo burn them, and boom! You only have 1 billion lunas @ $1.
Please let me know when UST reaches $1.
That will be the perfect time to go short until the next total crash .
the problem is, the teams “locked” and premined coins are now so dilluted, if they pump the coins they pump the bag of many other users so its not worth to them
It wasn’t really an exploit, the system was intended to generally work like that. The peg of UST to USD was supposed to happen automatically by allowing people to arbitrage between UST and 1$ worth of LUNA coin.
The problem was that LUNA doesn’t have any intrinsic value. So the UST was just pegged to some highly speculative “USD value”.
You won’t believe it, but LUNC is again in top 25 coins ex pegged. I even have to include it in my index portfolio.
dude, dont buy that shit. Its a dead coin, put the money on doge but not into this… People are just bored.
I heard that local police wanted to arrest him and that he escaped. Are you sure that he is put to jail at last?
I was surprised that Binance hadn’t delisted Luna just after the scam happened. That was so strange, my opinion.