Lunatics keep talking about a supposed supply burn, yet it is constantly increasing. Why?
LUNC supply
Jose Kelly
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Nolan Bailey
It’s all a psyop
Bentley Ward
lmao its really increasing?
Jaxon Nguyen
fcd.terra.dev
Carson Reed
>fcd.terra.dev
i think youre confusing circulating supply with total supply. what is important is the circulating supply.
Camden Watson
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
Jason Nguyen
So it's not an issue if the total supply keeps increasing? Doesn't it have a negative effect on the circulating supply too?
Agreed, I'm extremely skeptic about the feasibility of the burn
Asher Walker
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.
Why wouldn't it increase? That's how UST recovers back to 1 dollar.
Once it repegs people may buy in more again.
Noah Peterson
The burn occurs naturally after UST reaches over 1 dollar.
Adrian Sullivan
But UST is 2 cents and shows no signs of increasing.
Joseph Cook
>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.
Joshua Mitchell
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.
Chase Murphy
it'll never die
the MOON comes out every night.
Oliver Myers
Why does LUNC refuse to drop below 0.00010? I've been waiting almost a month to slurp a decent bag.
Brandon James
>eventually it will go back up
why would it? it's dead, jim
Gabriel Hall
Yep, it would need Daisy here to do her thing to have LUNC start to burn again
Christian Diaz
what the fuck are these 5 minute shill memes?
Cameron Taylor
research Carlos Matos
Evan Johnson
Buying LUNC doesn't make any sense whatsoever and many retards here still don't understand it
Camden Russell
like last last week first 3 numbers was 640 650 something
Jaxon Wood
The circulating supply was 640.