/biz/ - Business & Finance

It’s all a psyop

>>49291311
lmao its really increasing?

>>49291335
https://fcd.terra.dev/v1/totalsupply/luna I refresh this page everyday and the total supply just keeps climbing upwards

>>49291359
>https://fcd.terra.dev/v1/totalsupply/luna

i think youre confusing circulating supply with total supply. what is important is the circulating supply.

>>49291311
There will be no burn. It will keep on minting more LUNC because of the algorithm shared with TerraUSD (now classic), it is stuck in an endless loop

>>49291395
So it's not an issue if the total supply keeps increasing? Doesn't it have a negative effect on the circulating supply too?

>>49291495
Agreed, I'm extremely skeptic about the feasibility of the burn

Blackrock is buying luna low and then burning it to short UST.
UST is then burnt to mint more luna at a profit.
This is now like a smallcap MM dream situation.
>>49291311
>>49291335
Why wouldn't it increase? That's how UST recovers back to 1 dollar.
>>49291495
Once it repegs people may buy in more again.

>>49291540
The burn occurs naturally after UST reaches over 1 dollar.

>>49291548
>>49291557
But UST is 2 cents and shows no signs of increasing.

>>49291311
>Why
Because there is no burn. Otherwise price would be going up, but it's not. Because

There
Is
No
Burn.

The coin is dead.

>>49291646
It doesn't necessarily need to show signs, eventually it will go back up. Even if it continues to bleed market cap first. Hopefully these companies are investigated for shorting but I doubt that because financial attacks happen all the time and have become especially bad under this current admin.

>>49291680
it'll never die
the MOON comes out every night.

Why does LUNC refuse to drop below 0.00010? I've been waiting almost a month to slurp a decent bag.

>>49291693
>eventually it will go back up
why would it? it's dead, jim

Yep, it would need Daisy here to do her thing to have LUNC start to burn again

>>49291710
what the fuck are these 5 minute shill memes?

>>49291311
research Carlos Matos

Buying LUNC doesn't make any sense whatsoever and many retards here still don't understand it

>>49291395
like last last week first 3 numbers was 640 650 something

The circulating supply was 640.

There's pretty clearly a whale or group of them artificially suppressing the price of both lunas. Luna 1 seems to stay at a minimum viable price above 0.0001 to avoid a panic sell, but luna 2 is bleeding to death.

>>49292690
It's probably Count Dooku himself and his minions suppressing the prices.

>>49291311
There are still people thinking this literally dead coin is gonna turn their 1 milion Luna's into actual money. This is even more delusional than Shib buys.

>>49291311
21% of supply is tied up in 19 sus accounts

>>49293234
Tfw Luna literally means moon in dead pizza language

>>49293512
How is it dead then lmao