Transcription
What is going on lunatics? In the comment section down below, I'm going to ask you right now, give me your prediction for what's going to happen to Terral Luna Classic in the bull market. Right now, we're trading at 436, but it's not going to stay that way. Um, we are also in a bearish trend, but we really are not in or at least I don't think we're in a bare market yet. There's too many bullish narratives that are still out there that are still around. And look, it only takes one uh swell of positivity for the crypto market to absolutely turn on dime and go crazy. And I do think that we've got one more level at least before we're done. So, um, and by the way, CZ Binance, everybody thinks the same thing. So, hit that like button and let's go.
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All right. Now, working backwards, the supply, we had another nice burn of 138 million yesterday, meaning the overall is 1.728 billion over the last 7 days. That's a pretty good number. Still not great, but good number. We like to see that all of the time. Also, volume down to 13.8 million. And price, this is the one that matters, right? So, nothing has fundamentally changed here. Look at on the daily, look at on the weekly, look at it on however you want right now. And we're kind of in that same spot. haven't broken down below. It doesn't mean that the market's not going to break down below. There's cracks in the market. Like, we're not really seeing I like I I keep looking for positivity out of the market. I'm not getting it. Okay? I'm not getting it. And I know that you guys are looking for it, too. But, um it's very very difficult looking at the 1 hour right here. I mean, look, we had a little break above us, a little opportunity to sort of break forward, and as soon as we did, uh the market just absolutely rejected that move. So, um, and this was we were, uh, at one point this market started negative on the daily and before you knew it, we were down like 35 or 40 billion dollars and now it's back down to like 19. Like, it just it's the market is just a mess. It is it is a mess right now. Trump administration hasn't done a great job of managing this process. Uh, they they they haven't brought new buyers to the table or they haven't prevented sellers from leaving and exiting. Um, I've been talking about A150 being the spot for XRP for a long period of time. XRP just broke through, went down to A$146. So, you know, we're breaking down as a market now. There will be positive things. There will be positive signs. There will be good moments in this market. It's just a matter of finding. We We're just not there right now. And I don't know what to tell you about that. It's just we're kind of stuck. We're we're just in a space right now where I just, you know, it's complicated. It's it's a very complicated thing. Um, this is Wintermute destroyed the crypto market. I mean, there's no other way to put that. And by the way, not permanently destroyed, but at the moment, they have destroyed the market the way we know it. They took so much money out of this market in one fell swoop and then pretended like it was Binance or somebody else and then they disappeared and stopped talking about it the moment people were like, "Nuh-uh." So take it for what you will, but um it's not a great it hasn't been a great thing. So anyway, we need that impetus one more time.
And with that, Lunk Daily. So lunky.com is a site devoted entirely to Teraluna Classic. I don't know if you've if you've ever if you've seen this website before, let me know in the comment section down below. I did not know that it existed. Um maybe I'm in my bubble or whatever the case may be, but Lunk staking ratio continues to rise as over 982 billion tokens are now staked. Uh, I think this is a little bit old right here. Let me go look at the date on this so that we got a an idea. February 4. Okay. So, somebody staked a lot just in the last couple days. If you remember, we talked about this just yesterday and we were at 971. So, we must have gotten somebody who staked quite a few. Uh, over 388,000 USC burned, nearly half a million USC burn in just four days as February starts strong. Um, sideways stability after market liquidation shock. Over 50,000 USD burn in the first two days. we're we're seeing some nice movement here and they've got some uh they've got some interesting stuff. So, every day we're going to start coming here. We're going to start checking this out and seeing exactly what it is that they've got going on. And then, you know, hopefully this will be kind of a fun place for us to figure out what's happening in the Terral Luna Classic. For now, I'm going to keep this quick for you. This is not financial advice. I'm always right. Thank you so much for tuning in. We'll talk to you again very, very