Transcription
Is this the most amazing thing that ever happened to Teruna Classic? No, it's not. But it is one of those moments where you you need to take a victory lap because you just won. Am I talking about price? Not exactly. Make sure you hit that like button on the way in and let's talk about it.
Here it is, folks. Luna stays on Kraken. The people spoke up. Kraken reconsidered. And we just got this email. We're reaching out to follow up on a previous message regarding planned dellisting of Luna. After completing an internal review, we've decided to continue supporting Luna on Kraken. There is no longer a D-listing scheduled for this asset. We understand this change may differ from what we previously communicated and we sincerely apologize for any confusion. Asset reviews are part of our regular oversight to ensure we continue offering the best experience for our clients.
Look, they took one look at the $1 billion in trade volume and they looked at themselves in the mirror and said, "What are we, a bunch of idiots?" And they've relisted Teral Luna Classic. So, if you are looking in the United States to buy or sell Teral Luna Classic, Kraken is your place to go for the moment.
Now, don't forget 3.6.1 upgrade is happening in the next couple of days. And in that regard, we should see some more uh e exchanges that are able to resume trading because 3.6.0, I guess, broke it. Some some didn't support the upgrade. Whatever the case may be, I'm not sure that's going to be the case, but we might see some changes uh coming up in the next couple of days. But for right now, Kraken is your place to go.
Luna Classic burns 1.47 billion over the last 7 days. Um yesterday, we ended up with 128, starting off a little bit slow. Again, volume is way down again. We're up a little bit on the day, but it was a lot of sell pressure that was happening up to 50 million in volume, 12 million over here on USC.
Now, let's look at the price action and let me learn you something, boo. Exactly what I'm telling you is going to happen is what's happening. Now, listen, let me state for the record. I have no idea what's going to happen. I don't control. I have 20 million Luna Classic, a little bit over that. Um, I I'm not I'm not a gigantic whale or anything like that. I I'm just kind of looking at the chart, seeing what I think should happen or could happen, and I'm making a prediction based upon that.
Now, you see this little um you see that little wick down there at the bottom. I don't think that's strong enough to mark a reversal. However, when we fold it into whatever happens for today, it could be the start of a reversal. Uh I don't think that it would be a strong one in that regard. What we want to see for strong reversal is a big wick over here like this because then we see that massive move. That means that there's a lot of buy pressure stepping in. Now, we've got buy pressure stepping in right now. And this check mark that I put here on the screen right here to show you what I think is going to happen next is just an example of that upward mobility that I think is getting ready to happen as I think we're about to break back out.
Now, there's a lot of underlying factors in the crypto market that are going to make it very, very difficult for the markets to pump. And we'll get into that at some point. If you want to if you want to talk about the markets themselves, come to my live streams at 9:00 a.m. Central Standard Time every single day. Uh if you take that time, you will learn a whole lot about the cryptocurrency market. And [music] I'm your educator.
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Teapport. Finance for all your meme coins and utility coins. Uh again, I say this and I'm going to say it one more time. You should have some Jurus. You should have some Garuda X. You should have some Whiso. Uh you should have some Selenium. Those are the four right there that I think are predominantly your best utility coins that are in this ecosystem for the moment. That doesn't mean that it won't change. Uh Strathcole working on a big-time game. You know, there's a lot of different things that are in the oven that we really haven't seen yet that are going to be potential game changers for the EOS. As far as volume goes, again in DeFi, again, it's down, but Terraport is still leading the way. So, uh, shout out. And Terrapump had $800 in trading yesterday. So, thank you guys. Shout out to you.
Now, the Agora, uh, for anybody named Greenpeace or Jesus's Lord that might tune in, is your official place for Teruna Classic information. And you can see right here, this is not me, but you know, I've been talking about this for a while. Quantity is not the reason for the sluggishness of the system. Please stop burning and plundering and focus on development. Uh, current destruction rate is extremely low, taking several hundred years to complete. Destruction is essentially a plunder of liquidity. The current market value continues to decline and customers are losing interest to the quantity. The proposed plan is establishment of excellent Oracle implementation based on USC.
I look there's a lot of stuff in there right now that you know that maybe we'll be talking about over the next couple of days. Uh I'm not sure whether or not I'm going to agree with this or not. Um I I anything that they're going to want to do is going to take money. But one of the things that we're not burning enough and that is true that we're not burning enough for the amount of supply that we have based on the way that it was before. But the only way that that's going to improve, by the way, is for people to come on chain and start trading and for us to have L1 burn protocols that are not a tax on everybody. You can choose to burn or not burn based on uh how how you're doing something. That's what the market module 2 is going to be about. MM2 is coming and when that comes, maybe we'll see a lot more burns. Maybe we will. And then we can remove the burn tax.
Because right now, just imagine if you're a developer and you want to uh build something on this chain and you buy a 100 million Teraluna Classic from moving it from one wallet to another, you're going to pay a penalty. Every time something moves, you're paying a penalty. That's not sustainable. That's why nobody's trading on the Teruna Classic ecosystem because they don't want to lose what is there for the purpose of trying to diminish that supply. Now, when market module comes in, when we're ready to go with that, then it will be time to remove the burn tax. And I'm going to be if somebody else is going to propose it, I'm going to propose it myself because we need to have that stop in order for us to progress. People will not trade where they're penalized and you are penalized every time.
Now, again, Dutch lunk appears to be uh auto stake, just, you know, I don't know, name change, whatever it is that that's happened over here. Just a weird sort of circumstance. You can see here that some movement has been made overall. Total staked, you can see that two days ago it went way way down then way way back up. Uh just a a weird sort of circumstances there. Uh but we seem to be kind of you know just kind of trudging along if you will. Uh look at on the 14-day just kind of trudging along if you will. Look at three months. Uh we're still kind of just [cough] again trudging along. No movement one way or another. Uh the Lunk Forex Genesis for EUTC rep is just kind of sitting right now uh arbitrarily not getting too much one way or another. You've just had this one no with veto. Uh and you've had some individuals who have voted no. But everybody else has kind of been on the sidelines for right now. We'll see what everybody votes and then we'll make a decision based on, you know, what that is um going forward. I don't know how that's play out. I'm not really sure exactly.
So that's the that's the update, guys. Thank you so much for tuning in. It's not financial advice, but I'm always