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Isn't it also called insider trading when whales use bots and dump most altcoins at the exact same time as bitcoin?
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$LUNC $USTC because censorship reigns again
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$LUNC And as you can see, it hasn't achieved anything in the whole time that Bnance has been burning coins that were collected by selling coins. You are concentrating on Bnance and the off-chain burn even though this achieves absolutely nothing. If you were to concentrate on on-chain burns, trillions of coins would not be tradable on Bnance. And again, the biggest mistake was that CZ bought trillions of coins after the crash to sell them to customers, thus turning Lunc into a zombie chain.
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$LUNA @Yi He @CZ @Richard Teng the interest would be greater if market makers did not equate the same chart history through automated trades in $LUNC 🤷🏽♂️ after all, at least one of the two chains should outperform. but at some point you lose confidence, you can see the result
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@Richard Teng @CZ @Yi He A good solution for attacks like the one on Bybit would be to develop a function for such attacks that would allow these wallets to be burned and the number of coins that were stolen to be minted again and refunded to those affected. This would nullify any attack because the coins would be immediately burned and blacklisted, meaning that no more damage to investors would be possible and attacks would generally be pointless.
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$LUNA So, purely logically, the airdrops are over for affected investors. This means that no new coins will be minted for affected investors. Now back to the staking issue. There are 460 million Luna in staking that have to be deducted from the circulation supply. This is not happening, so it means that there are no coins in staking with Luna and there are no validators staking. 🤷🏽♂️ That's pure logic. But it also means that Luna can no longer mint new coins because inflation is used to bring validator staking rewards. The 7% inflation is all in the whitepaper. Now for the illogical thing. They are still minting coins anyway. Luna was already 900mio supply 1 year ago until the team took the additional coins from the initial 20% inflation that they had in the first 2 years on Luna 2.0 and mysteriously removed them from supply without having a burn wallet. so many things happen here that are not feasible just to manipulate the price
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