🌖 Terra Luna Classic (LUNC) Back Up 30% from Recent Low
After tapping a low of $0.00011 on January 3,2024 the price of Terra Luna Classic ($LUNC ) jumped and hit $0.00013 recently. The increase represents an approximately 30% price rise. Despite the run, LUNC was unable to hold the region.
At press time, LUNC was trading at $0.00012, based on CoinMarketCap data. Ten days ago, Coin Edition reported how LUNC had the attention of the market. During that time, the cryptocurrency showed indications that it could break into the top 50.
However, press time data showed that LUNC’s market cap position was at number 89. In terms of the price action, the 4-hour chart showed that a descending channel pattern had been formed.
Can $LUNC Actually Reach $1? Let's Do The Math Current Situation:Price ≈ $0.00008 Supply ≈ 5.54 Trillion LUNC Market Cap ≈ $440M To hit $1 Required Market Cap = $5.54 TRILLION Yes, you read that right. $LUNC would need a bigger market cap than Bitcoin in most bull runs. The whole crypto market would basically have to bow down. Realistic Scenarios The Great Burn Dream Burn away 99.99% of supply down to 1 to 10 billion tokens. Then $1 becomes possible Good luck coordinating that with millions of holders, exchanges, and whales who don’t want to burn their bags. No Burns, Pure Pump You need 12,500x from here. Even meme coin degens would call that delusional.
🚨This could be the largest insider trading scandal in crypto history.$LUNC
Jane Street made $134 million by shorting Luna and UST right before the Terra collapse.
Newly unsealed court filings reveal that Jane Street did not just use their insider information to close their UST position but they also used that information to short Luna and cash out $134 million as the entire Terra ecosystem collapsed.
The insider access came through a private Telegram channel called "Bryce's Secret," run by Bryce Pratt, a former Terraform intern who moved to Jane Street.
Their largest single trade was an $85 million UST sale on Curve Finance executed just 9 minutes after Terraform quietly withdrew $150 million from the same pool with no public announcement.
After being identified by on chain analysts, internal communications show traders discussing how to "decommission" their wallets.
Five days after UST hit zero, Jane Street offered Terraform's head of research a job and he started two weeks later
$LUNC has risen above $0.00008 again. LUNC has gained strength at these levels. A new upward move may begin soon. Work on Market Module 2 continues. Positive developments related to Market Module 2 could trigger a significant rise in LUNC.
$LUNC why people buying this Scam coin . if you have Extra many Tip me 119$ To 0.0000044 that time Luna supply only 345 million and now in trillion Why why why Foolish people never learn
⚖️JUST IN: New court filings allege Jane Street used a secret Telegram channel to receive insider information from Terraform Labs.$LUNC
The lawsuit says this helped the firm sell its entire $192M UST position before the stablecoin crashed, then make around $134M betting against Terra as its $40B ecosystem collapsed.
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Kantor Administrator Rencana Terraform Labs telah mengajukan gugatan terhadap Jane Street, menuduh perdagangan orang dalam, manipulasi pasar, dan praktik perdagangan yang menipu yang berkontribusi pada keruntuhan Terraform Labs pada Mei 2022. $LUNC
Pengaduan tersebut merinci bagaimana Jane Street diduga melakukan perdagangan menggunakan informasi non-publik yang material, mengeksekusi penjualan UST terfokus senilai $85 juta beberapa menit setelah penarikan likuiditas yang bersifat rahasia, dan menghindari kerugian besar sementara para investor menderita kerugian miliaran.
Tindakan ini bertujuan untuk memulihkan nilai bagi kreditor dan menjadikan Jane Street bertanggung jawab atas eksploitasi ekosistem selama salah satu peristiwa paling krusial dalam sejarah crypto.
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