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Just a word of warning - CoinMarketCap has been erroneously overreporting LUNA 2's market cap (according to their site, the Terra team self-reported the circulating supply, but it's incorrect). CMC market cap: $538m Real market cap: $318.4mhttps://coinmarketcap.com/currencies/terra-luna-v2/ …
CMC circulating supply: 210M Real circulating supply: 124.4M Source (I have verified its accuracy): https://phoenix-api.terra.dev/balance/circulating-supply … Given that CMC is the only major source with LUNA circulating supply info (knowing a coin's market cap is crucial for trading!), I thought I'd share this.
Just confirmed by CMC: TFL is actively misreporting the circulating supply and have the ability to update it at any time. @terra_money Why can't you people stop lying? It's become a pathology at this point.pic.twitter.com/K6gstqmBPw
SHOULD WE BUY IT?
Why is the market cap showing a straight line? Is this connected to bitcoin?pic.twitter.com/ytpoMxByQg
Because they are dead
Who TF cares about Luna 2
The reflected price however stays the same... They may need to update the actual Circulating and MC.
538/210 = 2.56 318.4/124.4 = 2.56 price of LUNA on CMC 2.56
Thank god for people like you. While rest of the community ill-equipped to make this level of analysis. Stay safe bro!
Are you sure the market cap is $318 million and not $31k... the coin seems to have no heartbeat anyway.
He draws the missing capitalization from the missing lunc which he is now gradually selling. And then it gradually burns again. He plays with hope small investors You'll see someone regularly drop lunc's market cap by $200m after it's increased by $200m
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