Luna Guard offers 50% discount (whats the catch?)

The catch, is only the big-whales get the discount.

Luna Foundation Guard seeks more than $1 billion to shore up UST stablecoin: sources
https://www.theblockcrypto.com/post...blecoin-sources?utm_source=rss&utm_medium=rss

 

Ohh, seems they figured out at least yesterday who was behind the attack:

 

%%
MAYBE a good ad jingle could/would help; even though that's a bad sign\ broke the buck + closed there??
How about /Nothing From Nothing Leaves Nothing. Not trying to be your highness \because that minus is to low to see. Dont you remember i told ya\i'm a soldier\ in the war on poverty. '' Billy Preston\ PopTop Records 1974

 

You can't make this stuff up. UST is trading like an equity. I guess they realize there is a lack of bids for LUNA on the open market for their large sell orders.

 

I could be wrong, but wasn't Luna just $7 a year ago? That means, (let me check)... $15 dollars now. So that means, if you still doubled your money (and then some).

 

I suspect that a $1 bet was made on this outcome.

 

A year ago
UST market cap was $2,064,582,684
Luna price was at: $16
Luna Market Cap: $6,569,355,218

Today:
UST market cap: $12,572,229,175
Luna price: $14.83
Luna Market cap: $5,687,818,709

Not looking good. They don't have the assets to sell to get the UST back into parity. Luna will continue to freefall without a deal.

 

Yup, those whales cashed out a windfall. Just before the attack they put massive shorts on Luna. Do the math.

With that huge pay-day... who's next? And why save Terra when they can hit it AGAIN only this time with even more power?

 

when someone wants to give you free things or offers a huge discount,

simply keep a mile from it.

 

Especially when they want to force you to 'lock it in'.

Talks are going on now to work out a deal with the Ventures, but no one seems to have mentioned yet how are they going to stop the attackers from carrying this same hit again?