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since 2016 // 2%er đ
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Not good a stablecoin
$OM @MANTRA đŠđ
it feels good, good, goodđ„đ„đ„
$OM HOLDERS. Soon we will be able to take profits again.
Proposal was approved . Uncle Larry is cOMing hOMe
$mantra
$mantraUSD
it feels good, good, goodđ„đ„đ„
$OM HOLDERS. Soon we will be able to take profits again.
Proposal was approved . Uncle Larry is cOMing hOMe
$mantra
$mantraUSD
bullshit do Kwon don't sell His 80 k bitcoin. Look at the rabbit hole in Reddit đ€Ł
the $57 billion collapse that turned the 2022 bull run into a graveyard
how terra luna became cryptoâs biggest fraud
the full breakdown of the disaster that shook crypto forever:
> the golden time (dec 2021)
âą do kwon's Luna token hit $116.
âą terra was a $60B ecosystem and UST was the 'algorithmic stablecoin'
âą anchor protocol offered 20% yield with $15 billion locked inside.
âą everyone who questioned luna was muted and called 'haters.'
> the first crack (may 7, 2022)
âą someone dumps $350M UST on curve finance.
âą UST drops from $1.00 to $0.985.
âą by midnight, $375 million withdrawn from anchor in hours.
âą do kwon tweeted: 'stay calm. we have this under control "but he didn't.
> the death spiral (may 8-9)
âą as UST crashes, arbitrage traders swapped it for $LUNA at $1 each.
âą the protocol has to mint new LUNA to cover the redemptions.
âą supply exploded: 3 billion â 6.5 trillion LUNA in 72 hours.
âą LUNA's price: $80 â $0.0001
âą luna foundation guard threw 80,000 $BTC BTC ($2.4B) to stabilize the peg.
> the contagion (may 9-10)
âą three arrows capital (3AC) had massively leveraged bets on luna.
âą when Luna crashed, 3AC lost $200M instantly.
âą 3AC defaulted on $670M in loans to voyager digital.
âą voyager halted withdrawals
âą celsius network ($15B TVL) froze deposits and blockFi collapsed next.
> the rekconing (may 13)
âą $40-57B evaporated in 5 days.
âą 280k south korean investors lost life savings and some took their own lives.
âą do kwon disappeared and later arrested in montenegro.
âą pleaded guilty to fraud and admitted: It was always a ponzi scheme.
> the lesson
âą this wasn't a market crash, It was a design flaw.
âą algorithmic stablecoins don't work without massive collateral backing or unsustainable yields.
âą terra promised 20% forever and paid with new $LUNA printed from thin air.
âą when demand stopped, the scheme collapsed.
the tragic part is that developers, mathematicians and regulators warned this.
but a charismatic founder + cult-like community + astronomical returns = nobody listens
the next terra is being built right now.
will you fall for it?
the full breakdown of the disaster that shook crypto forever:
> the golden time (dec 2021)
âą do kwon's Luna token hit $116.
âą terra was a $60B ecosystem and UST was the 'algorithmic stablecoin'
âą anchor protocol offered 20% yield with $15 billion locked inside.
âą everyone who questioned luna was muted and called 'haters.'
> the first crack (may 7, 2022)
âą someone dumps $350M UST on curve finance.
âą UST drops from $1.00 to $0.985.
âą by midnight, $375 million withdrawn from anchor in hours.
âą do kwon tweeted: 'stay calm. we have this under control "but he didn't.
> the death spiral (may 8-9)
âą as UST crashes, arbitrage traders swapped it for $LUNA at $1 each.
âą the protocol has to mint new LUNA to cover the redemptions.
âą supply exploded: 3 billion â 6.5 trillion LUNA in 72 hours.
âą LUNA's price: $80 â $0.0001
âą luna foundation guard threw 80,000 $BTC BTC ($2.4B) to stabilize the peg.
> the contagion (may 9-10)
âą three arrows capital (3AC) had massively leveraged bets on luna.
âą when Luna crashed, 3AC lost $200M instantly.
âą 3AC defaulted on $670M in loans to voyager digital.
âą voyager halted withdrawals
âą celsius network ($15B TVL) froze deposits and blockFi collapsed next.
> the rekconing (may 13)
âą $40-57B evaporated in 5 days.
âą 280k south korean investors lost life savings and some took their own lives.
âą do kwon disappeared and later arrested in montenegro.
âą pleaded guilty to fraud and admitted: It was always a ponzi scheme.
> the lesson
âą this wasn't a market crash, It was a design flaw.
âą algorithmic stablecoins don't work without massive collateral backing or unsustainable yields.
âą terra promised 20% forever and paid with new $LUNA printed from thin air.
âą when demand stopped, the scheme collapsed.
the tragic part is that developers, mathematicians and regulators warned this.
but a charismatic founder + cult-like community + astronomical returns = nobody listens
the next terra is being built right now.
will you fall for it?
The community has now voted in such a way that the old team has its fingers in the pie again.
Is this the update that will make LUNC drop even lower?
Astroport has nothing to do with Luna Classic; that's related to Luna 2.0. Back then, it was updated so that the old team could no longer use those coins to influence the market.
Is this the update that will make LUNC drop even lower?
It's the update that will allow Terra 2.0 to use their Luna Classic and USTC as exit liquidity and destroy Luna Classic through bot trading for a while, yes.
Is this the update that will make LUNC drop even lower?
the lower the price the bigger the retailers Holdings
$LUNC The lower the price, the bigger the burns are.
See original
No. đ€Ł
$LUNC The lower the price, the bigger the burns are.
$USTC November 13th will be very critical for all EU users who continue to trade try/lunc and luna/try ustc/try because the platform will not provide USDC trading pairs for the entire community. You will all lack liquidity.
thanks binance @Binance Square Official @CZ @Richard Teng
thanks binance @Binance Square Official @CZ @Richard Teng
warnings
Why even ppl still write about this scam coin?
$LUNC Don't you find it manipulative that certain investors are prevented from trading due to the missing USD/DC trading pair? It was possible to collect fees for years, but providing liquidity providers seems impossible, except apparently for new coins. But where there's a community, this isn't done.
They should disclose their donation; otherwise, it's just a scam to buy bitcoins.
đ $GIGGLE is a meme-coin with a twist: born as a charity-driven token tied to the Giggle Academy education initiative, it channels a 5% fee on trades into donations.
Some upside:
âą Strong narrative of âmemes + missionâ which can capture attention.
âą Preview of real-world utility: millions donated within hours of launch.
But big caveats:
âą The official education platform says it did not issue the token and has no affiliations with it, raising questions of legitimacy.
âą As a meme coin, volatility is extremely high and long-term sustainability is uncertain.
$BNB
If youâre considering $GIGGLE, ask: Will the donation model hold up? Will the narrative lock in long-term adoption beyond hype? And crucially: how will token holders be protected if utility fails to materialize?đ€
#GIGGLE
Some upside:
âą Strong narrative of âmemes + missionâ which can capture attention.
âą Preview of real-world utility: millions donated within hours of launch.
But big caveats:
âą The official education platform says it did not issue the token and has no affiliations with it, raising questions of legitimacy.
âą As a meme coin, volatility is extremely high and long-term sustainability is uncertain.
$BNB
If youâre considering $GIGGLE, ask: Will the donation model hold up? Will the narrative lock in long-term adoption beyond hype? And crucially: how will token holders be protected if utility fails to materialize?đ€
#GIGGLE
See original
$LUNC Here in Turkish !!
Risks
Arbitrage exit: Long-term investors will not benefit, as the first movers (mostly bots) will gain excessive profits.
Public perception: This can be interpreted as a "release of a large amount of USTC/LUNC" and although these coins were initially intended to be released into the market, it may be perceived negatively. "Locking" occurred as a side effect of a core upgrade.
Timing: Liquidity providers in affected and currently non-operational pools cannot exit early before the patch is applied.
Example: Some may argue that this sets a precedent for L1 patches to support dApps. However, the disruption was initially caused by an L1 upgrade, and the correction was small and limited.
Risks
Arbitrage exit: Long-term investors will not benefit, as the first movers (mostly bots) will gain excessive profits.
Public perception: This can be interpreted as a "release of a large amount of USTC/LUNC" and although these coins were initially intended to be released into the market, it may be perceived negatively. "Locking" occurred as a side effect of a core upgrade.
Timing: Liquidity providers in affected and currently non-operational pools cannot exit early before the patch is applied.
Example: Some may argue that this sets a precedent for L1 patches to support dApps. However, the disruption was initially caused by an L1 upgrade, and the correction was small and limited.
See original
Here .
Risks
Arbitrage exit: Long-term investors will not be the first movers (mostly bots) to reap excessive profits.
Public perception: This can be interpreted as the "release" of a large amount of USTC/LUNC, and although these coins were initially intended to be released, it may be met with disapproval. "Locking" occurred as a side effect of a core upgrade.
Timing: Liquidity providers in affected and currently inactive pools cannot exit early before the patch is applied.
Example: Some may claim that this serves as a precedent for L1 patches to support dApps. However, the disruption was initially caused by an L1 upgrade, and the correction was small and limited.
Risks
Arbitrage exit: Long-term investors will not be the first movers (mostly bots) to reap excessive profits.
Public perception: This can be interpreted as the "release" of a large amount of USTC/LUNC, and although these coins were initially intended to be released, it may be met with disapproval. "Locking" occurred as a side effect of a core upgrade.
Timing: Liquidity providers in affected and currently inactive pools cannot exit early before the patch is applied.
Example: Some may claim that this serves as a precedent for L1 patches to support dApps. However, the disruption was initially caused by an L1 upgrade, and the correction was small and limited.
cannot copy
See original
Here in Turkish !!
Risks
Arbitrage exit: Long-term investors will not be able to capitalize on the significant gains that early movers (mostly bots) will achieve.
Public perception: This could be interpreted as the "release" of a large amount of USTC/LUNC, and while these coins were initially meant to be released, it may be seen negatively. "Locking" occurred as a side effect of a core upgrade.
Timing: Liquidity providers in affected and currently non-operational pools cannot exit early before the patch is applied.
Example: Some may argue that this sets a precedent for L1 patches to support dApps. However, the interruption was initially caused by an L1 upgrade, and the correction was small and limited.
Risks
Arbitrage exit: Long-term investors will not be able to capitalize on the significant gains that early movers (mostly bots) will achieve.
Public perception: This could be interpreted as the "release" of a large amount of USTC/LUNC, and while these coins were initially meant to be released, it may be seen negatively. "Locking" occurred as a side effect of a core upgrade.
Timing: Liquidity providers in affected and currently non-operational pools cannot exit early before the patch is applied.
Example: Some may argue that this sets a precedent for L1 patches to support dApps. However, the interruption was initially caused by an L1 upgrade, and the correction was small and limited.
there it is in Spanish
$GIGGLE a meme coin đ€Ł Not from the Academy thats a stupid Launch really
when you use the 15 min Chart Nothing Looks dead đ€Ł
Doesn't look dead!!!!đ±đ±đ±
This means that after the crash caused by the new community, this update prevented Terra 2.0 developers from using these coins and dumping them on the market because they abandoned Luna Classic. However, they have now decided not to burn these coins but to use them on the market as exit liquidity through bots that will massively influence the market and negatively impact Luna Classic. No long-term investor will profit, only the old developers from Terra, Astroport, etc., which the Luna Classic community has absolutely nothing to do with anymore.
æČĄçæïŒć„ææèżæŻ
why
I got liquidated
1.14M$ lost
1.14M$ lost
Not realy ?
I got liquidated
1.14M$ lost
1.14M$ lost
$LUNC In crypto, it's important to understand algorithms: how they work, how they react, how they are used, and why they exist. This definitely helps newcomers understand how crypto functions.
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