That’s the evidence of why Luna V2 won’t work. Nobody is buying UST to get the airdropped new token. Because simply nobody believes in Terra’s project anymore and they have the reason obviously. If Terra wants to regain trust and good reputation, they should try to rescue true Luna by burning using taxes or additional funds.
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what does that mean?
you haven’t dropped any alpha
what do you mean with “$UST is currently outperforming $LUNA rn like crazy”?
please elaborate further
At least by owning the original chain you have additional tokens.
you own the original chains tokens even after Terra2 launches…
I’ve been tracking the multiples, over the last 7 days you’ve got 1.36x to 2.63x more luna v2 for your $ buying UST than buying luna-classic. Currently it’s at 1.75x more. This does not however factor in the 2.8bn ust in accounts which won’t get the airdrop, so the real multiple is higher even (still +2)
UST is unpegged, $1 is not the upper limit now. If it was 1:1 now, then UST price would already be 0.25, which much higher to go.