2Annรฉeยท
Avis pour $LUNA
๐Ÿคทโ€โ™‚๐Ÿคทโ€โ™€๏ธ Neutre

$LUNA (-2,66ย %)
$UST (-1,71ย %)


๐—ช๐—ฒ๐—ป๐—ป ๐—ฒ๐˜€ ๐˜‡๐˜‚ ๐—ด๐˜‚๐˜ ๐—ธ๐—น๐—ถ๐—ป๐—ด๐˜, ๐˜‚๐—บ ๐˜„๐—ฎ๐—ต๐—ฟ ๐˜‡๐˜‚ ๐˜€๐—ฒ๐—ถ๐—ป, ๐—ฑ๐—ฎ๐—ป๐—ป ๐—ถ๐˜€๐˜ ๐—ฒ๐˜€ ๐—บ๐—ฒ๐—ถ๐˜€๐˜ ๐—ฎ๐˜‚๐—ฐ๐—ต ๐—ป๐—ถ๐—ฐ๐—ต๐˜.


A few weeks ago someone made a poll about doing a post on stablecoins. Unfortunately, UST won at the time. This is a small update post because of the current situation.


๐—ž๐˜‚๐—ฟ๐˜‡๐—ฒ ๐—œ๐—ป๐—ณ๐—ผ ๐˜„๐—ถ๐—ฒ ๐—Ÿ๐—จ๐—ก๐—”/๐—จ๐—ฆ๐—ง ๐—ฃ๐—ฎ๐—ฎ๐—ฟ ๐—ณ๐˜‚๐—ป๐—ธ๐˜๐—ถ๐—ผ๐—ป๐—ถ๐—ฒ๐—ฟ๐˜:

You can always trade LUNA/UST as if 1 UST = 1$. If 1 LUNA is worth 100$, you get 100 UST for it and vice versa for 100 UST you get 1 LUNA.

This is true even if 1 UST is worth less or more than 1$.

This is the system behind maintaining the UST/USD peg. Arbitrage traders can swap LUNA/UST back and forth depending on how much UST is worth.


The more UST in circulation, the less LUNA there is, as they are burned to mine UST. LUNA rises thereby in the price. But how do you get people to swap LUNA for UST or buy UST?

๐Ÿฎ๐Ÿฌ% ๐—”๐—ฃ๐—ฌ ๐—•๐—”๐—•๐—ฌ!!!!


๐—จ๐—ป๐—ฑ ๐˜„๐—ฎ๐˜€ ๐—ถ๐˜€๐˜ ๐—ต๐—ฒ๐˜‚๐˜๐—ฒ ๐—ป๐˜‚๐—ป ๐—ฝ๐—ฎ๐˜€๐˜€๐—ถ๐—ฒ๐—ฟ๐˜?

One or more UST whales have started selling massive amounts of UST. Their exit strategy is simple, just trade UST for other coins all at once.

Whether it was a deliberate attack against the Terra Network is still a matter of debate.


๐—ช๐—ถ๐—ฒ? ๐—˜๐˜€ ๐˜€๐—ถ๐—ป๐—ฑ ๐Ÿญ๐Ÿด ๐— ๐—ถ๐—น๐—น๐—ถ๐—ฎ๐—ฟ๐—ฑ๐—ฒ๐—ป ๐—จ๐—ฆ๐—ง ๐—ถ๐—บ ๐—จ๐—บ๐—น๐—ฎ๐˜‚๐—ณ, ๐—ฎ๐—ฏ๐—ฒ๐—ฟ ๐—ป๐—ถ๐—ฐ๐—ต๐˜ ๐—บ๐—ฎ๐—น ๐Ÿฏ๐Ÿฌ๐Ÿฌ ๐— ๐—ถ๐—น๐—น๐—ถ๐—ผ๐—ป๐—ฒ๐—ป ๐—ถ๐—บ ๐—น๐—ถ๐—พ๐˜‚๐—ถ๐—ฑ๐—ถ๐˜๐˜† ๐—ฝ๐—ผ๐—ผ๐—น?

Okay, if that gets used up, the Bitcoin reserves will have to take a hit.


๐——๐—ฎ๐˜€ ๐—ฟ๐—ฒ๐—ถ๐—ฐ๐—ต๐˜ ๐—ฎ๐˜‚๐—ฐ๐—ต ๐—ป๐—ถ๐—ฐ๐—ต๐˜?

Then we'll just sell UST at a loss.


๐—˜๐—ฟ๐—ด๐—ฒ๐—ฏ๐—ป๐—ถ๐˜€:

Selling pressure for investors increase massively. LUNA is tanking, UST is tanking, even BTC is tanking because tens of thousands of Bitcoins need to be sold to create liquidity. Everyone wants out of UST and LUNA. ๐—˜๐—ถ๐—ป ๐—ง๐—ฒ๐˜‚๐—ณ๐—ฒ๐—น๐˜€๐—ธ๐—ฟ๐—ฒ๐—ถ๐˜€.


๐—ช๐—ถ๐—ฒ ๐˜€๐˜๐—ผ๐—ฝ๐—ฝ๐˜ ๐—บ๐—ฎ๐—ป ๐—ฒ๐˜€?

Just suspend trading, disable LUNA/UST swaps :D


Good luck to the people who are invested in it, I hope you get out of it in one piece. Best case scenario of course would be that UST manages to get back to peg. Wish you all the best.

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3 Commentaires

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Tzzzz ... simply times brazenly copied my contribution (https://app.getquin.com/activity/UDmzkpbCwI) and improved it quite incidentally significantly. The superiority of your contribution pisses me off ๐Ÿคฎ
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Afficher la rรฉponse
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2Annรฉe
It wasn't just any whales. It was Blackrock and two hedge funds. They bought quite a few derivatives on coins and blew up the whole coin ๐Ÿคทโ€โ™€๏ธ
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