the second tweet in the discussion: UST MCAP > LUNA as I see (if we take a look at the CoinMarketCap), the MC of the LUNA is 16B and for the UST it is 17.5B (and it is depeged now) I'm not trying to panic, still hold it, but what am I missing? And where is the mistake?
And on a day when everything was blood red your thinking is that this is what caused the deviation from peg?
They think UST is backed by Luna. But it’s backed by arbitrageurs. They have no clue about Luna, just fudding.
That's just a peace of the puzzle, as I think. Correct me if I'm wrong, but massive Anchor withdrawals also led to the deviation. And the whole market is going crazy
You do realise that post is from Terra, right?
Yes, but i mean people that think flipping would change something…
Is ust gonna peg again at some point ?
Where'd this go?
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