Hello friends, yesterday I stated that the $LUNC supply does not reflect the truth, today let's examine this process in detail.
1- During the LUNA crash, a total volume of 11.56 billion dollars was visible. As you can see before the crash, there was a live LUNA market with a volume of 6 billion dollars. The first conclusion we can draw from here is that there was panic buying and selling during the crash rather than an increase in the total supply. This is the main reason for the volume increase. Two days later, the Lunc supply was arbitrarily increased to 6.9 trillion, and there is no sign of them being sold in the market.
2- What the USTC chart tells us is that large amounts of USTC are produced and released arbitrarily. Billions of dollars worth of sales were made and profits were made. It is clearly understood from here that DK or Terra Company willingly made and sold this free printing. It is not possible for third parties to reduce the price this much without generating supply in a multi-billion dollar USTC market. It is illogical like trying to reduce BTC to 600 dollars in 1 day. Moreover, they have not made a single move to prevent this.
On 3-12.05.2022, we see that the volume of LUNA is 273 billion (LUNA), after which it is even lower, that is, it is impossible to talk about 6.9 trillion LUNA distributed in the market. These passive LUNAs were under the auspices of Terra, and most of them were gradually added to the system and sold, they were not used during the collapse, on the contrary, they tried to melt them afterwards. In summary, when we look at the different data and history, there should be around 2-3 trillion LUNCs that are not processed or idle.
4- In the light of this data $USTC were released and sold arbitrarily on the market, LUNA did not have much effect on the system other than the approximately 100m supply produced extra in the first stage, and 6.It turns out that the 9 Trillion Supply was created arbitrarily later. The incident has nothing to do with the third parties or the attack, this is a profiteering
Copy From BurnLunc