/biz/ - Business & Finance

Anonymous Fri Sep 30 02:00:07 2022 No.51712036 [View]
File: 127 KB, 768x1024, 1628126026052.jpg [View same] [iqdb] [saucenao] [google]

Ok, here is my theory for Monday and it probably isn’t going to be popular. Some of you may have seen my calc I did a few days ago and I have just reaccessed based on today’s volumes. Today, there was a volume of 587,497M (call it 600B) LUNC bought. This is considerably less that the volumes on Sunday (which was about 3T). IF all of the buy trades have fees (not all the volume is on binance), then 600M will be burnt daily. 4.2B per week. 32.6 years to burn the 6.9T.
So, the prediction…. I think there is going to be a lower burn than people think. Expect a dump.

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