What if LFG is waiting the price to dip so hard that they can buy a huge chunk and burn it away?
Their actions so far has not been noble enough for me to think they will do the right thing.
A Simple statement of support would have reversed this 2-3 days ago! So here’s a question, where did LFG TFL and @do kwon get their money from? Wasn’t if from investors? Is it unreasonable to ask they step in and use money to support the project we all invested in and believed in?
MC is about $1bn. The reseve looks like $90m. I dont think they can do much damage unfortunately. They blew it all “defending” the peg
atm & imo this is probably best case scenario … likelyhood of this scenario is completely uncertain