Large LUNA holders connected to Terraform Labs dumped their tokens on retail for massive profits before UST’s depeg according to Arcane Research.
Anders Helseth, a Senior Analyst at Arcane Research, filed an entry on May 30th, claiming that Terraform Labs dumped LUNA tokens on retail users during the collapse of UST.
If the Terra Ecysostem was a sinking cruise ship, the captain and distinguished guests fled in superyachts, leaving most passengers behind without lifeboats. – Opens the post.
The analysis reveals that sets of John Doe wallets interacting closely in clusters have massive net outflows from the Terra ecysostem to bridges and centralized exchanges.
Georgi Georgiev is CryptoPotato’s editor-in-chief and a seasoned writer with over two years of experience writing about blockchain and cryptocurrencies. Georgi’s passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn’t looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping. Contact George: LinkedIn
Sign-up FREE to receive our extended weekly market update and coin analysis report
Ndasi Tata is a Bitcoin entrepreneur from Cameroon, who holds an M.Sc in Blockchain and Digital Currency from the University of Nicosia. He is an advocate of Bitcoin in Africa and uses various social media platforms to promote his ideas and ventures. Tata has a background in state journalism and has established himself as a significant figure in the Bitcoin community.
