Was Terra (LUNA) and its stablecoin affected by UST Machiavellian manipulation?

Was Terra (LUNA) and its stablecoin affected by UST Machiavellian manipulation?

Conspirator or conspirator? – of dust Nuclear explosion caused by Terra (LUNA) and its staplecoin UST Is still undiminished. The Speculations Already goes well How? ‘Or’ WhatAnd even WHO, Responsible for the disaster. Let’s try DisconnectAs objectively as possible, these are the first elements of a chain disaster.

First, Facts : May 9 to 10, from the night of 2022, Staplecoin Terroyust (UST) of the project Terra Suddenly Lost Its index to the US dollar. It went even lower $ 0.30And, although a little overpriced ($ 0.50 at the time of writing), it is not Not always Returned to parity with the US currency.

The invention on the token side is even more dramatic LunaCollapsed from $ 63 Before the catastrophic start on May 9, at Less than 5 cents. Beyond fear, some are surprised How? ‘Or’ What Such a thing could have happened. Trader and Analyst OneCine Guide Gives first clues on Twitter (beware, some pure speculation):

“How to attack the former 3rd largest staplecoin and earn over $ 800 million in cryptocurrency? [George] Soros. Everyone, including Janet Yellen, is now talking about the $ UST attack. But no one talks about how much money the striker made (or how clever it was). (…) ”

NOnChainWizard Twitter account

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$ 800 million in USD and Luna’s “destroyer” pockets?

In this Twitter series, our speculator is believed to have used an attack Fall in money Scheduled (for conversion of exchange pool). First, the attacker must then Filtered And this cash flow Wholesale resale His USDs on Accounting.

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Then comes the Double Kiss Cool Effect. He was selling his USTs when he was called the “bad guy” Luna Foundation Guardian (LFG) had to sell its bitcoins in an attempt to raise dollars for its staplecoin. After that, a layer of various panics can be added: Dissolution Foreign positions, Preventing withdrawal Enhances the effect of UST through crypto exchanges Bank flow,

The hellish stunt that toppled UST.
NOnChainWizard Twitter account

At the end of revealing his hypotheses, the analyst estimates that he may have “attacked”. $ 815 million Profit through this process. A carefully crafted project somewhat reminiscent of the existence of George Soros Blow Bank of England in 1992.

Rumors are unleashed: “Blackrock”, “Citadel”, “Gemini”, everything goes!

How the decline of the USD (and Luna) began to fit together (very slowly, now like a jigsaw), speculation about this “WHO” There are more in the domain of Hallway rumors.

One of those crazy rumors, hold it tight, Giant Bottoms Black rock And Fort Who would have done this awful conspiracy. This, with help GeminiWho would have lent them 100,000 bitcoinAnd even 300,000 BTC In some versions of this rumor!

Except Denial Quickly from Gemini on Twitter – They claim that they have never given such loans – Former Goldman Sachs dealer, Max PoonenExplains that there would have been a precursor to that matter Little curiosity For two large corporate funds.

“A) Blackstone is a private equity firm operating under a specific mandate from its investors. Aside from trying to kill Terra, buying bitcoins is not part of that mandate. Will be given. (…)
B) (…) citadel is very flexible. But 300,000 BTC is $ 10 billion. Citadel does not have that much money and this fund has an efficient balance sheet. They have to raise funds or raise other assets. ⁇

Are there no conspiracies against the UST?
Twitter account of @maxboonen

In short, it is even better Very soon Learn this Panic sales The biggest and most luxurious of the USDs was initiated by voluntary manipulations (imaginary), and who knows (pure speculation). Let’s hope for now that it doesn’t Effects Very serious RicochetsAs is It was almost like that in Tether Staplecoin USDT. Because he, too, in panic, briefly lost his mark on the dollar.

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Are you now vaccinated against UST because this event really chilled you? To find other staplecoins, Sign up for BinanceAbsolute scale in the field (parallel link).

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About the Author: Seth Sale

"Passionate creator. Wannabe travel expert. Reader. Entrepreneur. Zombie aficionado. General thinker."

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