According to CoinMarketCap, more than 45% of trading volume behind USTC and LUNC’s surprising price boom. Is now the time to buy or is this a pump and dump.
There are several contributing factors to this but the main reasons have to do with MEME potential, Coordinated effort to repeg as well as new protocol upgrades.
https://www.kucoin.com/blog/everything-you-need-to-know-about-account-security-on-kucoin
🔥 Ready to start trading? Sign up for KuCoin and get 20% off Trading fees
https://www.kucoin.com/ucenter/signup?rcode=1v4H8bd
Trade USTC on KuCoin
https://www.kucoin.com/trade/USTC-USDT?utm_source=KC-Tutorial
A hypothetical whale play from a month ago.
1) buy 8-10 billion $UST for a penny
2) buy 50% of $LUNC at $.00006 for $200 million
3) burn the $UST
4) turn the $UST <-> $LUNA swap back on
5) $UST re-pegs and off we goIt didn't happen but it's an interesting thought.
— Sumo (@SumoLuna) June 28, 2022
https://lunarcrush.com/coins/ustc/terraclassicusd?metric=social_volume%2Cclose
https://terrarity.io/luna-burner
https://classic-agora.terra.money/t/proposal-distribute-50-transaction-fees-to-the-community-pool-increase-proposer-validator-rewards/44729
Time Stamp
00:00 Intro
00:48 Luna Story
01:45 Conspiracy theory
02:58 Social metrics
04:05 Holders of supply
04:33 Burn Proposal
04:56 Summary of what’s going on
👀 Subscribe to the KuCoin YouTube channel and discover more promising altcoins. https://www.youtube.com/c/KuCoinExchange
Disclaimer:
The content mentioned in this video is for informational purposes only. Nothing herein shall be construed to be financial, legal or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Do your own research.
