What's going on with Luna?

[The_Krakenite]

I don't pay much attention to Luna. Just curious why every crypto is down about 1% or less from the last 24-hours, but for some reason LUNA is down almost 10%?

 

[Nobert]

The more of a garbege it is, the higher beta it has (?)

 

[Millionaire]

They are all trash. combined worth of all of them is $0

 

[GotherL]

 

[Trader Curt]

I don't pay much attention to Luna. Just curious why every crypto is down about 1% or less from the last 24-hours, but for some reason LUNA is down almost 10%?

Because that's how much the price has fallen.

 

[zdreg]

In markets is correlation ever 100%?

 

[They]

Have been buying and selling LUNA for the 6 months. Re-entered and bought some tonight at $65. Have more buy orders at $55 and $45.

 

[The_Krakenite]

Well I'm confused what's up with the wonkey arbitrage? Why is it so fucking out-of-wack on the heatmaps? Now the disparity is over 16%.

In any case, I will buy more Ethereum ETFs asap on Monday morning.

 

[The_Krakenite]

Longs who leveraged getting wrekt...

 

[The_Krakenite]

So, seems we know exactly how Luna got fucked. Turned out it was a single whale.

LUNA drops 20% in a day as whale dumps Terra’s UST stablecoin — selloff risks ahead?
https://cointelegraph.com/news/luna...ps-terra-s-ust-stablecoin-selloff-risks-ahead