Arcane Research: Terraform Labs Whales Dumped LUNA on Retail Before UST’s Depeg

Anders Helseth is a Senior Analyst at Arcane Research. He filed a May 30th entry claiming Terraform Labs dumping LUNA tokens on retailers during the collapse of UST.

The Terra Ecysostem, a sinking cruise vessel, was captained by a distinguished guest and fled in superyachts. Most passengers were left without lifeboats. – This opens the post.

Helseth traces the flaws in the Terra Classic Protocol back down to its genesis. Arcane Research shared a pie diagram of LUNA distribution as of October 3, 2020.

Source: Arcane Research

To avoid confusion, the analyst claimed that he had analyzed Terra Ecosystem value flows and that transactions up to May 5th (right prior to the crash) have been accounted for.

Analysis reveals that John Doe wallets in close proximity to each other in clusters have large net outflows from Terra ecystem to bridges or centralized exchanges.

According to him, there is a common factor among these clusters: “One or more wallets within the cluster received significant transfers through Terraform Labs wallets.” This makes outflows “undervalued relative with inflows” of LUNA. The report also explains that the algorithm behind UST allowed these LUNA Whales to mint large amounts UST and take advantage of the Anchor protocol’s 20% yield.
Read More

2021's Most Anticipated Growth & Wealth-Building Opportunity

Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together

Marla Brooks

Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

2021's Most Anticipated Growth & Wealth-Building Opportunity

Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together

Close Bitnami banner
Bitnami