/biz/ - Business & Finance

I took my laddered WLUNA off Gemini and sent to Metamask because that last thread was so spicy.

Why dont you bake a proper thread, nigger? Where is the background info and link to the last thread.

>>51419672
Not sure how to bake, but here is the pic I uploaded to start the last thread.

>>51419734
oh youre that guy...I plan on buying back into wluna I converted everything and moved to terra wallet.
1 million wluna should be enough if it repegs to Luna.

>>51419786
Yes, I'd say 1M WLUNA is the suicide-stack.

>>51419540
bump interesting thread

Here is a link to Etherscan where you can see the top holders of WLUNC: https://etherscan.io/token/0xd2877702675e6ceb975b4a1dff9fb7baf4c91ea9#balances

And here is a link to the last thread (Part 1): >>51370173

Explain like I'm a retard (I am). So we'd be getting new coin price for old coin price? Should I get some?

>>51420209
WLUNA is pegged to and meant to track the price of LUNA, not LUNC. It is pegged to LUNA by name, and not some form of contract address.

>>51420530
So when would we find out if it's pegged or not? Seems like a gamble, which I'm fine with, but is there a certain day or time frame to find out? Also, just got a measly 60k stack just to see where this goes lol.

>>51420666
checked, I have 1 million still on coinbase

so when does the repeggins start and I got 13.1k is it enough?

Lmao just unwrap the shit already, you faggots are in for a rude awakening when WLUNC is abandoned. Verification not required.

>>51422309
Like I give a fuck. I bought WLUNC with free money I got converting some airdropped shitcoins.

Ethereum merge seems like a perfect opportunity to re-peg since WLUNA is an ERC-20 token. They can pretend is was a just a glitch, and oh well; now Gemini and Coinbase etc are tens of billions richer for it.

1.2 million just in case
It's worth the gamble

Investigator anon report in. Did you uncover anything new? Also lmao I'm the anon who named dropped zk last thread. I'm starting to think he might be esl

>>51421630
move your stack off the cex and into your wallet like Metamask, if the schizos are correct and ot repegs to Luma2 then Coinbase will just swap out the relative value and cuck you out of a moonshot. not your keys, not your coins.

>>51422476
Is coinbase wallet safe? They after are not affiliated with cb itself

>>51422571
why the fuck

>>51419540
>zomg I go to 4chan but I don't, like, endorse racism or anything
Hey twittercucks reading this: Hitler was right, jews chopped the tip of your dick off in a black magic ritual to make you a slave to them for life, and niggers are a blight on the Earth.

>>51419540
Where do i get this? only on coinbase?

>>51422886
Yeah twitter and reddit are normie tier shit, even if he doesn't believe it he wants to distance himself from this place

I got burnt on voyager. I still have 2.5m LUNC on it. Want to find a different way to grab a few bags. Was thinking webull or coinage but I know everyone will say get a wallet but let me be a dumb trader and use what i can understand

>>51419540
The amount you’re seeing on etherscan is the amount all retail investors have on the Goybase. I’m trying to tell you rn that’s not owned by Goybase rather a culmination of retail investors. This is a nothing burger

Could I set a set limit order on WLUNA?
I'm afraid that all this fuckery will happen in my sleep.

>>51423156
Then why did that wallet just appear in the top 10 wallets? The amount of wluna held there should not have increased at all for the last several months, it should have only gone down from people withdrawing.

>>51423071
Coinbase shut it down. Swap ETH for WLUNC on Uniswap to get it now.

>>51422343
How is it going to hold the Luna price when the supply is suddenly increased by all those wrapped coins? Where is the liquidity to sell at those prices going to come from?

>>51423468
It's clearly going to be a mad dash to the bottom.

>>51425013
Who would even provide the buy-side liquidity? It would be over before it even started.

>>51423468
>How is it going to hold the Luna price when the supply is suddenly increased by all those wrapped coins?
My thoughts exactly. Any answer to this? Seems like this would be disastrous for 2UNA (which is fine by me).

>>51419540
WLUNC is going to zero. Give up.

>>51425072
The buy and sell orders on LUNA 2 wouldn't just disappear straight away

>>51425291
So you’re hoping that your order will get filled or fat-fingered when additional billions of tokens all suddenly repeg to the 2una supply?

>>51425394
Nah none of us will be able to sell at current nuLUNA prices because we don't have our tokens on exchanges (except maybe coinbase holders if they don't get jewed out of their tokens) I haven't looked at the order books so I wouldn't know but maybe some retards have buy orders set at $1-2 hoping for a dump.

Even if the price would go up to 1$ a piece where could you sell it?

>>51422309
>>51423156
>>51425013
>>51425173
>>51425072
>>51425205
Brown hands typed these posts. Y'all niggas never heard of an immutable contract? That means it's set in stone: 1 WLUNA = 1 LUNA (and vice-versa).

>>51425665
I have 1 mill on Goybase I’m not brown. Reality is a bitch and there’s not way we’re going to get that rich overnight with
>MUH IMMUTABLE CONTRACT

>>51425665
Instead of an ad hominem maybe you can answer my question and explain how billions of wrapped tokens will peg from Lunc to Luna which currently has around 160MM circulating supply thus increasing the circulating supply massively but still hold at its current price with magic liquidity so you can dump your bags? Sounds retarded as fuck. I can understand maybe the contract switch thing happening but why would it result in anything other than an instant dump?

>>51425925
It just seems too retarded. Right now the only other thing I can think of is that some group wants to b8 anons into accumulating wrapped tokens in order to have the repegged supply via token contract act as an additional burn mechanism.

>>51425987
If you’re not wrapped anon I…

>>51423239
Yes, that was the question that started the last thread. To paraphrase zkDomains: why would Coinbase update the label on the "Coinbase 10" hot wallet you can see on Etherscan, and not the previous hot wallet they used to hold WLUNA? And it has lowered by about 2.4B WLUNA since I took that screenshot.

>>51425810
>>51425925
As far as I understand; LUNC has a circulating supply of roughly 5.5T, whereas WLUNC has a circulating supply of about 500B. In theory; all WLUNC left on centralised exchanges could be burned to match the dollar value of LUNC or new LUNA if it pegged. These big exchanges may have agreed to burn all held coins in an attempt to match the new LUNA supply as closely as possible. Gemini, Coinbase, Binance, KuCoin, and Poloniex still currently hold nearly 43B WLUNA between them as seen on the Etherscan top 10. And that top holder could be Terra Labs? In any case; I simply hold, and wait.

>>51426042
5.5T LUNC. 50 Billion WLUNC. Which one do you think is going on the ark anon?

>>51422343
An interesting theory. Google says there's less than 24 hours to go until the Ethereum merge. Hopefully this thread doesn't get archived before then.

>>51426334
Problem with this code snippet is that the constructor in the red-boxed area only defines the name of ERC-20 token (the token ticker is LUNA, not WLUNA, which you can verify yourself in Etherscan or Metamask). There's nothing that necessitates that the ERC-20 LUNA is pegged to some other blockchain token "LUNA" or otherwise; in all likelihood ERC-20 LUNA will stay pegged to LUNC as long as the bridge exists so that traders can arbitrage the price differences. If the bridge goes away then it's completely up to some other entity (the contract owner I guess, who is who exactly? Coinbase?) to make a new bridge to mint/burn supply for some other token like 2UNA. I'm hoping to be surprised though.
>t. 2.2M LUNC, 100k WLUNA

>https://techcrunch.com/2022/09/13/south-korea-issues-arrest-warrant-for-luna-founder-do-kwon/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAABjXiQ4iR6LKTpm7iuKTEL8_Z2YGI67_uNZJWG3icnbmt9IFpuDPyGA6BnKE1wBIyCRVNHLMEZFWjjKPrJY0cLUCMUISYFRy9BQ_hJQpLKjvkCqsBGm4VRfUshb1h86shycwk5aSt7Pao4Muvx3I3yBAD-Oo3VQEMoiBfZhWSL-3

>>51426539
Trim your fucking links.

Sold...it's almost like this warrant was planned just before the 20th.

>>51426850
Amazing, just how powerful are the Terra Rebels?!?!

>>51426539
Can't help but feel that Do Kwon's arrest would be bullish for WLUNA. Ethereum merge tomorrow, and the supposed LUNC burn starting next week etc... best thing to do is simply hold and wait.

>>51422402
No I haven't found much new info yet. Been a little busy with a couple things but I will go find those baked in burn txns I had found the other day. There were a few txns I found with a coded in burn. This was very strange as the on chain burn hadn't even passed yet. I believe they were coming from the CB wallet. Give me a couple minutes and I will start dropping.

>>51428268
Here is what I am talking about by the way. I don't believe I put this one in the last thread (I'll go and check in a moment). Making some coffee and smoking a bowl before I dig in deep. I had someone check the txn as I am not too versed in reading the code...but he agreed with my assessment. This isn't one of the Coinbase ones, so I'll have to find those next. I'm also going to check into this txn a bit more to figure out the 5 Ws of it and make sure there isn't an alternate reason for that code.
0x139f8bafa23d0671f374da62b45a5dd27351f6ef66f84d272815a4a6544ec186
This line in particular.
Burn (index_topic_1 address _sender, index_topic_2 bytes32 _to, uint256 amount)View Source
It has wluna as the address for the token being burned and you do not see it on the main txn page. Anyway I'll let you know what I find in a minute. Hello Twitter, yes I am talking specifically to you.

>>51428482
So the biggest thing here, is that I dont have much faith in the idea that what I found has anything to do with anything. I have taken a look at txns coming to the null address and its hit or miss on whether a txn will have "burn" in the logs.
0xf04c37ca4a986711afab6328bd36fcdea19cb1bf1161ed744d4078add232ea8b
you can see a txn without it. (also why are there txns coming from the null address?)
next thing I am looking at are coinbases txns as well as other random wallet to wallet wluna txns to see if I can see anything.

>>51419540
>muh racism muh antisemitism
I'm starting to hate goyim more than jews and niggers

>>51428839
what race do you think twitter is? I want them to feel right at home.

still not finding anything.I have checked wallet-wallet txns and everything is normal (didnt think there was going to be anything anyway on this one). Coinbase and Binance txns seem pretty nowmal (most, like 99% of the binance txns are ins, take from that what you will). I have cheked binance to binance txns and those seem normal as well (although I would imaging the exchanges would be banking the burn amount and sending it the null address all at once, so this is what I am hunting for now). I havent found a coinbase to coinbase txn so if anyone has one, post it here please.

Anons should be stirring and getting out of bed soon....lazy fucking fucks. What do you anons think is going to happen with the leveraged trades if an offchain burn is implemented? Do you think these will be exempt from the burn? If not a 100x long will burn a ridiculous amount of tokens. If it does apply either the fees are going to exorbitant as anyone using their stack to provide liquidity will have it eaten insanely fast, or this is why CZ was grabbing that big ass stack. If he burns his stack in this way I think its a lot more "kosher" kek.

>>51419540
WLUNC is an ERC-20 representation of LUNC. If there's no bridges that connect the ethereum wrapped lunc to the outside world no arbitrage will take place and the price will get disconnected. In order for a repeg to happen, somebody needs to make a bridge available that lets you swap WLUNC for LUNA at an insane loss for themselves as they would be the ones paying the difference in price between the two. This is literally never going to happen.
>If the contract is truly immutable
What do you think contract immutability has to do with anything?

So heres something I dont quite understand.
0x4a8900493bb9288dbe93209a7d7406cf97f11c368dd2b2db0cad217a7f153949
we have a txn from a wallet that interacts with the wormhole and has it send directly to the null wallet..but there is no mention of a burn in the logs like there is on other wluna null address txns. Any ideas?

>>51429396
>WLUNC is an ERC-20 representation of LUNC.
This is the point of contention here anon. If you take a look at the Wluna code, it clearly mentions LUNA. Even though the ticker of LUNA changed to LUNC, the code of LUNC still says that its name is LUNA. This is why people are saying that the code is immutable. Even if the new contact for 2UNA also states that its name is LUNA...if they open the wormhole both whatever new W2una contract they make in addition to the current WLUNA will be able to be used to redeem 2UNA, an immediate 4000x+ gain.

>>51429396
its just a theory based on the way code has worked. If you take a look at the old thread a couple days ago, this idea was being supported by a couple of pictures that showed this exact thing seemingly happen on the blockchain. I dug in and found that what we were seeing was an oracle error, due to the reasoning that I just posted here >>51429460
So while the pictures didnt pass the snuff for evidence, the research I did supported the theory still. Right now its all just a theory so we can figure out what kind of plays to make with this token. At first I threw a little in wluna and forgot about it, but with all of craziness and different ways to play, LUNC, WLUNA, OSMO LUNC. I felt digging into whats being said and throwing money around the different plays was a prudent move. But one that still needs further investigation as none of the news is really news...

>>51429460
This is completely retarded, a name in an ERC-20 means nothing. What needs to happen is somebody needs to be prepared to accept WLUNC and give an equivalent amount of LUNA in return. Absolutely no one is going to do this.

>>51429542
>a name in an ERC-20 means nothing
this is the point here anon, the code means everything, not the name...its literally what I was saying in my explanation. Do you have reading comprehension issues?

>>51429460
That's not how code works. If they make a new token it'd have a different address so WLUNA wouldn't work. The only way this works is if Terra Labs decides to peg the current WLUNA to nuLUNA

>>51429707
you should really go and read the theory of it all.
>Terra Labs decides to peg the current WLUNA to nuLUNA
also part of the theory, literally all of the points were part of why this was a thought. It really boils down to this: Do you believe that Do Kwon is corrupt as fuck? If you do, WLUNA is a play.

>>51429634
>this is the point here anon, the code means everything, not the name...
It's just a standard ERC-20 contract, the name isn't important underneath the contract address is what matters. If there is a new WLUNA, a new ERC-20 would be deployed with a new contract address.

In order for you to make a 4000x gain from this, it would require that money to come from somewhere, in this case it would be the person who was willing to swap WLUNC for LUNA. This is why it will never happen. Do you understand how bridging between chains works?

So, LUNA (wrapped luna inside metamask) or WLUNC (from coinmarketcap)? Whats the play and how do they differ?

>>51429757
I point you to my post
>>51429754
None of what is being discussed has any bearing on a single point here. My investigation started as a way to try to see if there was any merit in the pictures circulating showing literally what were talking about here. Its changed into something else, where I was trying to find an already implemented offchain burn (which would eventually make its way onchain). But this theory that sparked the investigation, is much larger than whats being discussed here.

>>51422476
Why wouldn’t MetaMask do the same?

>>51429757
This you retards

>>51429792
>>51429789
>>51429707
>>51429916
Basically the idea boils down to Do Kwon being insanely corrupt. Everyone knows that Do Kwon is the one that stole the money that was supposed to be used to assist with the repegging of the UST. There was a lot of discussion about this all over when it happened, its why hes being investigated by authorities. He then launched 2una. But 2una does not currently have a wrapped version of it on eth. I would imagine that being on ethereum is important and so a wrapped version of 2una is going to be coming at some point. Now they could make a new token, w2una. I however believe that Do Kwon is a corrupt motherfucker and is going to try to steal again. I could see the reason for there not already being W2una as the terra team wanting to reuse the W2una contract (this could be for many reasons, them copy pasting the code is one). Hence the shakeout and FUD for WLUNA recently that came and went very quickly. Now this could be seen as laziness. But if its done this way, anyone holding WLUNA is now up their 4000x, including....you guessed it Do Kwon, that mother fucker, i guess he was holding a lot of wluna, oops. Now the liquidity drains from 2una, because why wouldnt you cash out a 4000x. Then in order to save the 2una chain, a merge is proposed of 2una and LUNC which just absorbed a lot of the money from 2una anyway. Do Kwon will of course had the opportunity to buy cheap 2una. So he wins a 3rd time.... Do you believe in corruption in crypto? I do.

>>51425665
1 wluna = 1 Luna classic which it was wrapped from. You don't even know what you own

>>51429754
Yeah I've seen the txns from the bridge I heard it could've been a oracle issue but I figure it's worth throwing $100 at. Plus if this doesn't work out we can just swap it to LUNC anyway

>>51429966
ya I think the big thing to be watching for right now is an exchange sending WLUNA or LUNC to the burn address either with a txn, or at regular intervals throughout the day. This will have to be before the burn is actually implemented as it would show that the exchange is testing out some sort of automated system to burn.

>>51429966
checked btw, every single thread

Why in gods name would CB do this? It would lose them so much money as people with 10s of million WLUNA go to cash out which would of course cause the price to plummet to worthlessness.

>>51430096
Why would coinbase do what? They have nothing to do with the choices that the 2una team makes. If the indications are correct, coinbase has been mass accumulating Wluna. The deposits are still active for users, however there were quite a few deposits and changes of wallets that were used for customers which is making people believe that coinbase itself is the one accumulating...Its all speculation, but speculation that is supported by the blockchain. Remember that exchange transactions are very hard to decipher becuase you dont know whats going on behind the scenes.

>>51429789
>>51429942
Mr Chad nIvestigator, im asking which coin do i swap my ETH to, LUNA (wrapped luna inside metamask) or WLUNC (from coinmarketcap metamask link).

>>51429863
If you think metamask is a company in control of your crypto, you have no place here.

>>51429634
The "code" doesn't matter here. If a gateway exists that exchanges WLUNC for actual LUNA at a 1:1 rate, then it will run out of LUNA instantly. If it has a significant amount of LUNA, then LUNA will crash within minutes.

If a smart contract exists that exchanges WLUNA for something else- like Ethereum- then it will simply use the same logic that all the other pools do.

This thread is pretty fucking dumb. How many times are you going to get rugged by this rugcoin for real?

>>51429942
If you are saying that terra is going to mint new LUNA to cover the bridged WLUNC, that is equally retarded. This would instantly inflate the LUNA supply 2-3x and crater the price as everyone swapped and dumped.

>>51430315
Neither, keep your eth.

why the fuck would they bother pegging wluna to 2una and have all that crazy shit that comes with it (burn, liquidity etc) when they can just make a new contract and be done with it.
>but hurr durr wluna code
it looks like atm it’s tracking the lunc price, so it’s working as intended isnt it ?
having said that i still hold a bag hoping you schizos are right.
>>51429863
found the twatter faggot. go back nigger. you will never be a woman.

>>51430315
They’re the same wLUNA and LUNA on MM which is an ERC-20 wallet are interchangeable.

>>51428482
>>51428775
doing god's work, anon. keep it up!

>>51419540
As Do Kwon is getting arrested, all of you plebs that are still serving LUNC goddess will be arrested too. You are bunch of useless Pajeets that push a dead coin to humanity. I'd rather invest in P2E, a multi-billion dollar industry than listen to Terra Luna again. It's something that nearly killed me, losing every single damn thing. Now I'm healthy and enjoy playing family feud while making money on the gamestar+ avalanche on-chain base gaming platform

>>51432797
Or doing devil's work, trying to scam anons the hard way. But whoever is giving that Ranjeet his attention is already brain-dead

>>51432956
I've got a leftover bag of ~44k WLUNC, which is about $50 now. no biggie if this theory turns out to be wrong, but a nice chunk of money if the schizos prove to be right. I'm comfy either way, and these threads are peak frenposting.

I'm holding 1milly on coinbase, is that a good strat?

>>51433979
>on coinbase
Put it in a wallet, anon. Leave it in MetaMask or something.

>>51434033
thanks, should I bridge it or no?

>>51434333
I haven't, but it's your money. It's a huge crapshoot if WLUNA gets pegged to 2UNA, so holding WLUNA in general is a gamble.

STILL HEARING THE VOICES IN MY HEAD AND THE CONTINUE TO TELL THAT WLUNA WILL BE PEGGED TO 2UNA!!!
>WLUNA…IS…2UNA
>WLUNA…IS…2UNA
>WLUNA…IS…2UNA
>WLUNA…IS…2UNA

>>51432930
THE VOICEs ALSO TELL ME THAT YOU’RE A HUGE FAGGOT

wtf since when does coinbase have more than 50% of the wluna supply?

>>51436482
well thats a bit different...

sorry anons I may have passed out for a few hours there. I see that the twitter guy has been posting a bunch of txns following along with this coinbase wallet gaining the majority of the supply. Something is amissssssssssssss

>>51434354
what are you doing with yours, what's your strat?
>>51436595
etherscan isn't 100% accurate I've heard

>>51436654
>etherscan isn't 100% accurate I've heard
what the fuck does this mean anon? It literally reads the blockchain.

>>51419540
if the kween is going to jail, won't LUNA just tank?

>>51436792
not before the oopsies 2una lunc merge, ive been calling it the whole time. My crazy ass corruption theory is coming to life before your very eyes.

>>51430164
>>51436482
Holy moly. Looks like the number one wallet (that I assumed was Terra Labs) and the "Coinbase 10" wallet were combined? 168B plus 12B = 180B as you can see the Coinbase 10 wallet now hold? What is going on? Coinbase owns nearly 54% of all WLUNA? Extremely bullish, in any case.

>>51436826
I dont care what the narrative outside the basic flow of my theory is...
>do kwon steals billions from luna(1)
>do kwon goes against community wishes and makes luna(2.0)
>lunc community rises from the ashes
>through fuckery of the highest order, do kwon, supreme emperor of the blockchain orders the original wluna contract to be reused
>fud ensues to shake out the unaware
>fuckery ensues, all wluna is now redeemable for 2una
>do kwon then drains 2una monies through what seemingly is a mistake, using CB as a proxy, which is why they had that strange message months ago
>in an effort to "save" 2una, do kwon launches a campaign to combine the 2 ecosystems
>threena is released and do kwon will have accumulated the largest bag of the tokens that are redeemable for the threena. Do kwon wins again.
>Its going to happen this way one way or the other, since when doesnt crypto swing towards the most corrupt path? No verification required.

>>51436654
>what are you doing with yours, what's your strat?
Keeping my WLUNA on MM until I hear something concrete happening involving WLUNA.

>>51436826
hmm, so you're saying it would be wise to grab a bag. Wonder if buying eth is halted on goybase, hmm

>>51436978
With the number of unknowns in this whole thing. With the absolute clarity that something strange is happening...I am personally making plays in all of the avenues there is here. I have a bag of LUNC, a bag of WLUNA, a bag of OSMO LUNC, I am considering moving a good size stack over to coinbase, just in case they lock deposits and withdrawals but also do the 2una conversion...thinking of all the ways this is possible but could be limited to only a small group of people being able to take advantage.

>>51436521
>>51436872
>>51436482
wtf does that mean. come on frens, lets hear some schizo theories, is this bullish or not ?

>>51437049
Coinbase is preparing for the burn in their own way and they're gonna peg WLUNA to LUNC. You can't put LUNC on Coinbase, but you can put WLUNA on there. Plus, WLUNA's prices are LUNC's prices.

>>51437033
>I am considering moving a good size stack over to coinbase, just in case they lock deposits and withdrawals
why would you need to do that? If WLUNC is pegged to LUNA2 you can just swap it for ETH on MetaMask. sending the coins back to any cex is just asking to get fucked by them.

>>51437074
what even are these words anon.
>>51437049
Right now its just something notable thats happening. I have liked the idea that coin base is going to try to horde the wluna supply in an attempt to bring its supply in line the 2una supply, and then foster the trading of wluna for 2una. Its really too hard to tell whats going on with all of this as a lot of the movement is happening offchain and the exchanges will not tell us what they are going to do until they actually do it, otherwise they are manipulating the market. I would figure out what plays you would like to make, figure out your risk tolerance for it all, make the moves and keep watching things unfold, being ready to update your strategy if needed. There is too much speculation leading things here to say one play is the way to go.

>>51437156
the idea is that, coinbase may tighten the supply themselves, or do some sort of off chain burn followed by off chain txn to give users holding wluna there 2una. If they did it all offchain, the market there would be seperate than the uni market, similar to the osmo lunc situation right now.

>>51437033
Based. Well, I am no longer financially bored.

>>51429757
>Do you understand how bridging between chains works?
they dont, on one hand i pity them because they have no idea how any of this works but on the other i envy their blissful ignorance - every has to learn one way or another so no point in spending energy trying to educate them on things they have no interest in understanding

>>51434354
>holding WLUNA in general is a gamble.
Lmao I know this feel. Old screenshot. I have $0.40 now.

>>51437049
To me it is extremely bullish.

>>51437581
Sorry, I put screenshots in the wrong order.

>>51437049
THE VOICES IN MY HEAD SAY IY WILL BE SO!
IVE PUT IN EVERY PENNY INTO WLUNA AND THEY STILL TAUNT ME!
>WLUNA…2UNA
>WLUNA…2UNA
>WLUNA…2UNA
>WLUNA…2UNA
IT THAT SCHIZO ENOUGH!? BECAUSE I SURE AS FUCK FEEL LIKE IN SPIRALING INTO THE VOID
PLEASE MAKE THE VOICE STOP.
THEY KEEP GETTING LOUDER
>WLUNA…2UNA
>WLUNA…2UNA

>>51437594
All this strange activity happening in only the last few days... imagine what's on the horizon?

AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

bump

Coinbase wallet is safe to hold on right anon?

>>51437921
Apparently Coinbase Wallet is pretty good, but Metamask is still better and has more features. I guess it should be fine to simply hold with.

All right faggots you convinced me to throw $50 into this since degen gambles seem to be the only thing going for this market. But assuming you schizos are correct, where do we sell our BRAAAAPED Luna? Are we betting on Cuckbase relisting it?

>>51438417
I guess we are betting on lots of things potentially or hopefully happening. The biggest bet being that WLUNA gets re-pegged to the new LUNA. Coinbase holds 54% of all WLUNA so SURELY they are planning to relist it, right? But who knows what will happen. Best thing to do is just hold and wait.

>>51429961
you mean 1 wluna = 1 Luna
Coinbase was very clear, wluna is not luna, but an erc-20 token meant to track the price of LUNA on the block chain. Not LUNAC, not v2-Luna-2022 edition. it tracks luna. What's the price of the token using the LUNA ticker again?

>>51438891
wasnt that statement made before the form ?

>>51438919
fork*

How do we buy wluna I can’t seem to find it on Coinbase wallet

>>51438919
indeed it was anon, but they open themselves to misrepresentation legal troubles if what they sold isn't what they said it was. I bought WLUNA because it tracked the price of LUNA. You don't get to just change what it tracks after the fact.

>>51438944
It's been delisted since May. Send some ETH to metamask and swap it for WLUNA.>>51438891
>Coinbase was very clear, wluna is not luna, but an erc-20 token meant to track the price of LUNA on the block chain.
Idk man then why does Coinbase have it listed as "Wrapped LUNA Classic?" I have a WLUNA lotto ticket now so I'm hoping for the same thing you are, but it seems like some seriously wishful thinking that this will magically peg to 2UNA just because of the ticker it's using. We'll see though.

>>51438967
>but they open themselves to misrepresentation legal troubles if what they sold isn't what they said it was
they’re a cex and they can do whatever the fuck they want mate.

>>51438944
I used uniswap with the contract address from coinmarketcap, the MM ui was acting fucky for me when trying to swap in MM

>>51438982
i'm hoping someone holds their feet to the fire and makes them honor it. Imagine this happening anywhere else? That share of AAPL stock i sold you isn't actually AAPL, but instead AAPL-v2-classic which is worth much less. I know when I sold you it i told you it was AAPL, but now ive decided it is not.

>>51439028
they're still a legal entity operating within the confines of a country with a set of laws anon. they can't misrepresent their goods same as anyone else.

Coinbase now calls it "Wrapped LUNA Classic" but interestingly it still uses WLUNA, rather than WLUNC, as the ticker.

sup niggas, you screencapped my post from 1 week ago right? dont forget to send me some btc when WLUNA repeg makes you a millionaire
hint: look at "WLUNC" id in the api
look at the contract definitions etc.

do kwon is using every trick in the book to secure as much wluna as possible from the market.

plebbitors have known about it for months btw
https://www.reddit.com/r/LunaClassic/comments/vo1o81/the_wluna_immutable_contract_and_why_coinbase/
https://www.reddit.com/r/Wluna/comments/v1z47p/wrapped_luna_contract/

meds status: untaken. also unvaccinated. thriving.

>>51423156
coinbase holders will be given 1 LUNC for each WLUNA when the repeg happens. coinbase is siphoning up WLUNA because they are working with do kwon
reminder: no team members will EVER address this publically or the fact that they renamed the wluna contract to wlunc in eth scan, but not in the actual smart contract which is immutable. they fucked up massively.

The dream is dead

ok, let’s assume for a moment this is all true and it gets repegged to 2una. how do we, anons,profit from this ? i mean literally. what’s the best course of action here, do we sell on jewbase ? who in their right mind would pay $2 per wluna when we bought it for fraction of a penny. uniswap only had like 1m liquidity all pairs combined last time i checked, so we cant sell over there either. how frens, how do we do this ?

>>51440526
repeg = wluna becomes wrapped version of luna 2.0. you will unwrap your wluna for luna 2.0 and sell it on the market.

>>51440572
to make it extremely simple for people who don't get it
step 1: do kwon closes the WLUNA bridge so that you cannot wrap LUNC into WLUNA. this happened about a week ago, and was FUDed here to make people bridge their WLUNA back to LUNC
step 2: do kwon works with exchanges like coinbase to suck up as much remaining WLUNA as humanely possible. happening now
step 3: big exchanges will announce they no longer support WLUNA and anyone holding it will receive the "backing asset" i.e. LUNC at a 1:1 ratio
step 4: now with as much wluna sucked up as possible, a new bridge is opened up between WLUNA and LUNA 2.0.
step 5: you, holding WLUNA, now unwrap your WLUNA using the bridge, and sell or hold your luna 2.0

>>51440650

So if I hold wluna on Coinbase I’m fucked?

It’s just sitting in my Coinbase account right now

You lost me at step 3 wtf

just bought 5.5MM...what am I in for?

>>51440705
yes, they will at some point in the near future "convert" your WLUNA to regular LUNC. why? to minimize the supply shock of the repeg as much as they possibly can. only WLUNA held in self custody is safe

>>51440719

What about Coinbase wallet?

>>51440572
>>51440650
saved. cheers!

>>51440723
afaik coinbase wallet is a self custody wallet, if you have your seed phrase it is safe.
remember, crypto held on exchanges is held in a exchange wallet, "transactions" happen off chain, i.e. you swap tokens on an exchange you are just swapping numbers on their balance sheet. unless you are paying gas fees you hold nothing.

>>51440650
I hope you're right. Not long to go until the Ethereum merge takes place; maybe something will happen then since WLUNA is an ERC-20 token? It was only about 12 hours ago that all that WLUNA was moved to Coinbase 10, not long before the merge is taking place? Hmm...

>>51440745
i don't know, but if it happened around the merge it wouldn't surprise me, but it could also easily be weeks away. they are sacrificing the utility of having a wrapped version of LUNA 2.0 for the benefit of being able to suck up as much WLUNA as they can. it's a cost benefit analysis on their part.

>>51440742

Do you know how long it takes to send to Coinbase wallet?

Noob here and thanks btw

also, anyone who wants to debunk my thesis has to explain these key points

- why does the contract definition of WLUNA as the wrapped version of "LUNA" (as opposed to LUNC) not matter?
- why did they shut down the shuttle bridge, so that you can only unwrap WLUNA (i.e. shrink the supply of WLUNA) but can't wrap LUNC into WLUNA? what was the benefit of doing this?
- does LUNC not need a wrapped token anymore? why? will a new bridge be created?
- why have they (either lunc or luna 2.0 teams) never commented publicly on why any of this is happening?
- why is coinbase et al now accumulating massive amounts of WLUNA?
- why do DEXes like uniswap, 1inch etc still show WLUNA as wrapped luna, and not wrapped LUNC?
- why do some exchange transactions (see previous thread) seem to suggest that WLUNA is being treated as wrapped LUNA 2.0 under the hood?
- and finally: why, on gods green earth, does LUNA 2.0 not have a wrapped token, even months after launch? does LUNA 2.0 not need exposure to the ethereum ecosystem? waiting for merge? why?

>>51440650
>>51440875
>Tfw there's a chance that this ridiculous skullduggery could make me a multi-millionaire by the next bullrun but I have to accept becoming a 2UNA baggie
Could be worse I guess.

>>51437921
We're not sure. The fear is that kikebase will exchange people's wlunc for an "equivalent value" of 2una thus cucking you out of the whole reason to hold wlunc in the first place. Of course this is speculation and we don't know if coinbase can actually dip their fingers into peoples' coinbase wallets. I really don't trust them though so I went with metamask. When you're talking about a potential $1m lotto ticket on a coding technicality I'd say probably don't trust coinbase.

>>51438417
If the wlunc schizo play turns out to be legit, Uniswap will be your safest bet. Trying to use some cex... we don't know but they will almost certainly try to take a big bite out of your ass.

>>51440705
Send it to your metamask. You have a metamask, right?

>>51440984
>So would you hold the most reddit coin out there for $10m, anon?

>>51441204

Can Coinbase dipped there fingers into the Coinbase exchange? Say I don’t have it in the wallet but on the exchange itself

>>51441376
of course, coinbase is the exchange. peoples accounts get frozen all the time for receiving "tainted" crypto and so on. fuck you, no refunds

>>51440650
>>51440875
Very interesting. Ethereum merge apparently happening in less than 3 hours, so maybe things will get even more strange.

>>51441376
>Not your keys not your coins
We don't say that all the time for no reason

>>51440875
And here are those pics you mention from the previous thread; for new viewers.

>>51442623

>>51442633

>>51442623
>>51442633
>>51442653
And all of these pics are apparently from Wormhole Explorer, if anyone was wondering.

>>51442199
The merge happened and nothing happened. Oh well was worth a shot

>>51443200
Still have over an hour according to Google unless I'm missing something?

>>51443261
wtf I was on https://coinmarketcap.com/events/eth-merge/ and I swear the countdown was going up it was around 18 minutes after the merge when I checked it

>>51443200
>>51443261
>>51443323
Yeah, not sure if its instantaneous like flicking a switch, or maybe it will be announced by Terra Labs or Coinbase, etc?

>>51443200
It happens in 30 minutes, retard. Chris-chan was right and the merge is here.

>>51443609
We're gonna make it, we'll all get boyfriend-free girls.

>WLUNA…IS...2UNA
>WLUNA…IS...2UNA
>WLUNA…IS...2UNA
>WLUNA…IS...2UNA
>WLUNA…IS...2UNA

>>51443622
That's the gist of it, yes. About 15 minutes to go now until the Merge.

>>51443754
Ethereum Mainnet Merge Viewing Party: https://www.youtube.com/watch?v=Nx-jYgI0QVI

sirs, the merge is complete. why am i not a millionaire yet ? i would like a refund please.

>>51443974
Even so; Coinbase is holding 180B WLUNA. That's 54% of the total supply. I'm sure something will happen, sooner or later.

I hope WLUNA being pegged to 2UNA stops the voices.

>>51443609
They delayed it for over an hour

>>51441261
what about ledger ? is ledger safe or can they fuck with the token there also ?
is metamask better? my issue is metamask is less secure than ledger though

So you can't get WLUNA anymore?

>>51444808
ledger is good too

>>51444942
install metamask chrome plugin
buy or send ETH to it
go to coinmarketcap, wrapped luna (now named wrapped luna classic)
click the metamask address under the graph to add the coin to metamask
go to metamask, click the wrapped luna coin and click on swap
click the icon in the middle to switch from/to
it will now show the LUNA2 logo, but it's still wrapped LUNA.
put in amount of ETH to swap and swap.
you now have wrapped luna

>>51445055
Shit keeps telling me I'm short of eth even when I edit it lol

>>51445084
turn off smart swap

Guys, I bought $100 of luna on the fox head addon right after the crash.

Am I rich yet or not.

>>51445090
Keeps happening, also on mobile lmao the heck

>>51445154
lol I'm retarded, I had it all in Wrapped ETH and I had no ETH for gas fees. I tend to forget because I never use my metamask.
Anyways, 2.8M WLUNA on top of my 28M LUNC boys.

>>51445229
so did it repeg or not?

>>51434896
>>51437605
no man 2luna or wrapped luna are gonna be pegged to bitcoin and eth price!

now fuck off

>>51445153
serious question. I heard everyone who owned luna got some other type of token or something but I don't know anything about that kind of stuff.

>>51440650
>>51440705
>>51440739
>>51440572
>>51437605
>>51434896
>>51440745
>>51440984
>>51440984
>>51442199


absolutely impossible and beyond retarded

why not just claim that Wluna will be pegged to price of bitcoin? Its just as unlikely

>great my 1million wluna stack that I bought for 10 dollars on metamask can now be exchanged for luna2, which is 3dollars which means my 10 dollars turns into 3 million dollars!

thats how fucking retarded you sound.

>>51440650
also do kwon working with exchanges such as coinbase

literally dogbat or xrp schizo tier shit

do kwon is in fucking jail and no fucking exchange is gonna touch do kwon with a fucking stick

kill yourself fucking retarded larper

This reminds me of the GYEN fiasco

Basically They had a glitch where you bought gyen for 1000x less and on the transaction it even says 1000x less but it shows incorrect amount of money

This was on Coinbase btw

On my transactions(it’s still there) it says:

1,000,000 gyen converted

But it just shows like 100$ when it should be like 700k

>>51419540

I am a LUNC holder, but I do not know anything really about Wrapped LUNA

Can someone give me a layman's explaination.

I seem to understand that it is used for 1:1 swaps with ETH/BTC. Is this true?

>>51445572
different version of the completely dead and useless worthless lunc token

>>51445359
Absolutely impossible? Are you sure? Even if there is a one percent chance of it somehow happening; it's a bet worth taking. Most people are just throwing loose change at it, anyway.

>>51445478
I remember that, and didn't Coinbase lock people out of their accounts if they took advantage of the glitch?

>>51445608
>Even if there is a one percent chance of it somehow happening; it's a bet worth taking.

make that 0.00000001% chance

might as well play the lottery

holyshit, is it reddit retard day today on /biz/?
>OMG SPOONFEED ME WHAT IS WRAPPED LUNA THING I CANT READ THE THREAD HURRR HOW TO READ
>OMG THIS COULD NEVER HAPPEN BECAUSE [retarded reddit opinion] GIVE UP AND FORGET ABOUT LUNC ALTOGETHER ALTHO IT MADE A 5x AND IS STILL A 3x FROM A MONTH AGO
>OMG LE TWITTER JEW BIRD DID LE EPIC SHORT IT'S OVER
kill yourselves, seriously. need to build a /biz/ gore spam dapp on the luna network to get rid of you cancerous faggots

>>51445613
If you look at the WLUNA (or WLUNC) contract; it states that 1 WLUNA equals 1 LUNA, and vice-versa. That sounds like a solid 1% chance to me. And for some reason Coinbase just added another 1B WLUNA to their huge stack, which you can see on Etherscan. What are they planning to do?

>>51445643
Those contracts were about LUNA before it crashed retard

Your 1% chance is bullshit, it is much lower than that

0.000000001 or something. The point is ITS ASTRONOMICAL low chance that it would happen

Just like the lottery

And a lottery ticket is only $2 not $100

you do the math

i understand you took a $100 gamble, but it died, stop fucking spamming the board because its dragging everyones IQ down

>>51445643
A whole bunch of address are adding the exact same amount as well 48,371,408.75 WLUNA

>>51445643
that's really the 1Mill dollar question.
We all know it's a gamble, most of us threw beer money at this, knowing it was a gamble.
Now why would and exchange big as CoinBase keep stacking so much of this token, they don't gamble like us

>>51445643
We are rising and Do Kwon, Reddit and Cuckbase are going to pay for it all. Let's not forget this all began with a blood moon sacrifice of Reddit's life savings.

>>51445668
We are owed what we bought anon. That means 2una's price is what is owed.

>>51445660

I just checked on metamask and you can still buy wluna kek swapping it for bnb

you are all larping idiots

>>51445657
>>51445660
>>51445668
>>51445676
Look at this strange activity; all adding exactly the same amount like >>51445660 said. What could this imply?

>>51445688
Yeah, they're accumulating -- but why? Are they going to lose money on WLUNA like the rest of us suckers apparently are? Maybe they know something we don't.

>>51445708
they are spending money so they can burn it all to pump the bags of some degenerate gamblers that took a gamble on a dying shitcoin whos creator is now in jail and no one wants to be associated with obviously

>>51445716
They're doing something doesn't mean we'll make any money but it's something interesting to follow

>>51445657
how braindead are you?
lottery ticket = money gone forever after purchase
buying WLUNA = can still be traded to other crypto, money not gone
unironically kys, reddit spacing nigger lover

>>51445716
8 posts and there all faggy and retarded, I think your shit is all fucked bro.

>>51445748
>>51445751
>>51445759

imagine actually trying to be scammed 3 times


yes money definately not gone if you dont sell!

kek bagholders

>>51445716
If you're referring to lunc, the support for it outside of biz is growing daily. To play it off as a shitcoin at this point in time is a retarded take. If you're referring to luna2, then sure, it's a gamble, but even then, there's speculation that the devs from TR are working something up with that

>>51445790
your $0.000001 purchased for coin is not gonna magicly transfer into a $3 coin you fucking braindead nigger thats not how the fucking world works

By my rough calculation; the Coinbase 10 wallet is currently holding $51 million USD worth of WLUNA.

>>51445807
Yes it is

300K WLUNA whale reporting in, soon I will become a millionaire.

>>51445813
oh great thats gonna be 10 trillion when they flip the switch!

>>51445817
no it isnt you braindead nigger

literally pajeet nigger tier level of thinking

i bet you think shiba inu will also go to $1

>>51445821
i hold about 50k of that shit when it was crashing also for lulz and for the meme but it was months ago and anyone still believing in that crap should kill himself

Even I know nothing is gonna happen and of course it would benefit me too and you can still buy more you can still get like 1m for 100 dollars right now

im not gonna spend a single fucking dollar into getting any more and so shouldnt you

>>51445784
I have 30$ rolling on this imagine being as pressed as you projectiod.

>>51445827
Shiba Inu will get to $1 yes and 10 trillion to the flip switch, sure.

>>51445840
i dont give a fuck about the money like I said it was participating in the fun months ago when dead spiral happens

i do give a fuck about spreading of missinformation and retarded pajeet takes like saying that this shit is going anywhere which is as unlikely as shib going to $10

just like those fucking dogbat retards that just cant move out

You tried something, you failed. Let it go. There is hundreds of shitcoins that died and never came back.

Do you know this? Please look into history of shitcoins.

Ever heard of "Dont marry your bags" and dont become a bagholder? Everyone will baghold some coins that they bought too high and saw crashing and never sold. It is normal. However it is not normal to keep making spam threads about it months later. Thats just retarded and annoying

>>51445862
Do you have a fact checker who can confirm we're spreading misinformation? I'll only accept Snopes.com

>>51445827
Maybe they will burn the 99% of their huge stack? They would still make billions doing so if WLUNA were to be re-pegged to the new LUNA.

>>51445869
*Can't move on

a normal functioning brain would say aah okay well I tried but of course it was probably not gonna work, then learn from it and move onto the next project

but this spam, months after months spreading misinformation and spamming like a cult married to their bags thats just fucking retarded and annoying

>>51445873
yes they will burn so much money so you can become rich of course!

>>51445807
Cool, thanks for the lack of information. I'll just take your word for it then

>>51445883
They would make more money than anyone else, though? They spend 50 million to make 5 billion?

>>51445897
lack of information: Where is the money coming from?

>>51445903
fuck you niggerhead pajeet faggot retard!

just sell everything while you still can!

look at my spacing! I'm serious!

fucking normies keep getting rekt!

>>51445869
And don't start talking shit about D0B0.

this kike is absolutely fuming
good omen, bought another 100k
even if it goes to 0, I made brown and semitic people seethe. worth it
WAGMI bros

How the fuck is this thread still alive, it really is over if /biz/ is this slow.

>>51445902
How? Who is going to give them LUNA for their WLUNC?

can we all forget WLUNA and return to BITCOIN?

>>51445973
Why are they still accumulating so much WLUNA, even after they suspended trading for users months ago? Surely they know, or are planning, something.

>>51446012
my smoothbrain take is that they are expecting something positive to happen to either Lunc or Luna 2.0 and as neither have a wrapped pegged version yet they're amassing the wrapped token now hoping/knowing it will be recycled and pegged to the new poomping token, be it Lunc or Luna 2.0.
I'm retarded so might be wrong

>>51446012
It's interesting to look into but irrelevant, how do you think a repeg would work?

>>51446012
If you look into the transactions, they almost all originate from:
https://etherscan.io/address/0x77696bb39917c91a0c3908d577d5e322095425ca

Which is apparently a CB pro wallet:
https://www.reddit.com/r/CoinBase/comments/upnqfs/wluna_withdrawal_pending/

They aren't accumulating, they are just moving them around for who knows what reason.

>>51445935
kek thanks for proving luna/lunc/luna2/wluna whatever the fuck its called are just as retarded as dobaggies

>>51445935
Dogbat baggies hold LUNC/LUNA/WLUNA?

Holy fucking sell signal. That's it. I'm out.

>>51446268
Yup, doesnt get more clear than that

>>51446189
But how can they not be accumulating if they have 181B+ stack? You mean to say they've always had that much?

>>51446253
>>51446268
And SHIB, too.

>>51446189
kek well that solves it

close thread

put "Luna" on post/spam blacklist filter

ban anyone who mentions it like dobaggies

thanks

I'm a dumbass. Can someone tell if I'm gonna be comfy with my 8m of LUNC?

>>51446418
https://etherscan.io/token/0xd2877702675e6ceb975b4a1dff9fb7baf4c91ea9?a=0x77696bb39917c91a0c3908d577d5e322095425ca
There's 4000 pages of people moving WLUNC in and out of that CB pro wallet for a year. It's people moving WLUNC in and out of coinbase.

Coinbase isn't on uniswap slurping all the WLUNC they can find.

>>51446467
how does 10 dollars sound

>>51446560
>it's just people moving WLUNC to and from coinba-
>In light of recent volatility involving Terra ecosystem assets UST and LUNA, Coinbase suspended trading in UST and WLUNA on May 27, 2022 around 12PM ET on Coinbase, Coinbase Pro, and Coinbase Exchange.

so, people are sending wluna to coinbase for no reason?

>>51446567
you try too hard tryhard nigger

>>51446807
yeah makes no sense imo

>>51446807
I don't feel like clicking through 100s of pages on etherscan to see when deposits stopped but you can see that no one is depositing anymore, it's almost all withdrawls and has been like that for at least a month.

>>51440290
Got 2 million wluna. Will sent you btc fren