/biz/ - Business & Finance

A continuation of the last thread, that was recently archived, for our friends on Twitter.

Hey, I'm OP and I've been tracking WLUNA for months since I bought a stack on Coinbase when it initially nosedived. Coinbase suspended trading on WLUNA soon thereafter. I didn't bother selling or converting my stack since it was so cheap, and a couple weeks ago there was immense FUD about WLUNA becoming completely worthless since a bridge was going to be closed, or disabled, therefore severing its connection to LUNC. There has also been a conspiracy theory that since there is no ERC-20 version of the new LUNA that WLUNC could theoretically get re-pegged to it. And now we have all the strange activity with Coinbase and other exchanges accumulating and or holding huge stacks of WLUNA (also known as WLUNC) as seen on Etherscan. If the contract is truly immutable; then the powers that be might have no choice but to peg WLUNA to the price of the new LUNA?