right away, yes. But that dump can be sustained by the team and other investors. If LunaV1 price goes up, The dump will be more horrific and unsustainable. Many will millions of v1 tokens would want to take profit. Where will all these liquidity come from? Think about it.
Probably not from the 80K BTC which just disappeared in ust 😂
They sold it all to keep buying UST 😂
Need someone professional looking in the way of that money. Smells laundering 🧐
Nah! UST was majorly backed by BTC, once the depeggin started, they also started dumping BTC to buy back UST and they forgot that UST was backed by BTC and their selling is also taking the price of BTC down which is making much harder to bring back the peg. Other assets like ETH, Avax and Luna was also going down at the same time. The team is stupid actually. They lack experience clearly.
But i am sure they kept some for themselves to fight legal battles, lawyer fees etc lol.
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