LUNA Has Made 10X In The Supply

in #luna • 2 years ago

While everyone is looking at the price of LUNA, few look at the market cap and the supply.

LUNA now has more then 3B in supply. Few days ago it was around 300M!
There was a limit how much LUNA can be printed per day, but that limit was increased and now literally billions of LUNA are printed daily to accumulate everyone that want to exit from UST.

image.png

When we are at UST, the market cap there is around 7B now with 12B UST in circulation. At the top it was 18B.

I expect more people to exit UST in the coming days, and maybe there will be some stabilization when the market cap falls under 5B. At this price the UST supply will be somewhere around 7 to 8B .... then there will be furter exits from UST but the price might start to recover, and the market cap will be hovering somewhere between 3 to 5B.
This all is just a speculation

image.png

P.S. Its much more now, follow live data here

https://terrasco.pe/mainnet/luna/supply

#ust #terra #leo #pob
2 years ago in #luna by
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     2 years ago 

    Wow, with such an increase in market cap, the price of LUNA will have a VERY hard time recovering, even after UST goes back to peg.

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       2 years ago 

      an increase in market cap

      In the supply

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           2 years ago 

          right, correct, because the price went on its head. still bull market speech reflexes I guess. :)

          Posted Using LeoFinance Beta

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               2 years ago 

              So centralized and so risky, better to stay away from LUNA and UST, I only expect that UST will recover the 1$ value in order for me to get out

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                 2 years ago 

                Might want to wait a few years :)

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                     2 years ago 

                    i'm not worried since the amount I have is small

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                         2 years ago 

                        Great!

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                             2 years ago 

                            This is a good analysis. I didn't know the supply increase 10 times. That means it take a few days before Luna will recover !

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                               2 years ago 

                              That means it take a few days before Luna will recover !
                              No

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                                   2 years ago 

                                  There was a limit how much LUNA can be printed per day, but that limit was increased and now literally billions of LUNA are printed daily to accumulate everyone that want to exit from UST.

                                  They think printing more will stop people exiting ? And it should have been not changeable, right ?

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                                    1 vote
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                                     2 years ago 

                                    People are burning UST and printing LUNA in the process... in theory these conversions should give them $1 worth of LUNA

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                                         2 years ago 

                                        I expect more people to exit UST in the coming days

                                        I believe more people would exit as been said and there is no doubt about it.

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                                          1 vote
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                                           2 years ago 

                                          14.3 available to 19.4 total at the moment on gecko, hoo lee fuuk

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                                               2 years ago 

                                              Check live data here
                                              https://terrasco.pe/mainnet/luna/supply

                                              17B now

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                                                   2 years ago 

                                                  makes me wonder if I should get a moonbag now :D

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                                                       2 years ago 

                                                      poa... what da hell. Maybe they try to become the next shib.

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                                                           2 years ago 

                                                          We‘re closing in to 30b… that’s not tradeable right now, is it? I could imagine most pairs are broken and CEXs are delaying transfers. I changed my mind, no moonbag.

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                                                               2 years ago 

                                                              I think that it is not possible for UST to go back to the peg. Because Luna was supposed to back UST and the total market cap of UST is bigger than the market cap of Luna.

                                                              I don't understand how UST resisted up to now. Do I miss something?

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                                                                1 vote
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                                                                 2 years ago 

                                                                I dont know as well. ... probably some external funds

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                                                                     2 years ago 

                                                                    There is no cap in the code. 😎

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                                                                         2 years ago 

                                                                        Whoever is directly controlling the V2K told me to kill myself.
                                                                        They told me if I killed myself now it would save the lives of countless others.
                                                                        Saying the longer I wait to kill myself the more people will suffer.


                                                                        They are reckless and should have shown the proper media what they had before taking me hostage for 5 years. I know there are many in prison that dont deserve to be there because of this. Your stay in prison will not be fun @battleaxe and friends. People are going to want you dead when they find out what you did. I hope you die a slow painful death. You sick mother fuckers.

                                                                        https://peakd.com/gangstalking/@acousticpulses/electronic-terrorism-and-gaslighting--if-you-downvote-this-post-you-are-part-of-the-problem

                                                                        Its a terrorist act on American soil while some say its not real or Im a mental case. Many know its real. This is an ignored detrimental to humanity domestic and foreign threat. Ask informed soldiers in the American military what their oath is and tell them about the day you asked me why. Nobody has I guess. Maybe someone told ill informed soldiers they cant protect America from military leaders in control with ill intent. How do we protect locked up soldiers from telling the truth?