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.
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Trade USTC on KuCoin
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 go
It didn't happen but it's an interesting thought.
— Sumo (@SumoLuna) June 28, 2022
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
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