~ Crypto Chart Plays ~

[xZx]

LUNC is a very curious situation. i wanted to loop you in on a chat we're having over there re: supply and the idea of burning tokens.

will quote my post here and link to the original.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169039556

LUNC supply matters less than who owns the tokens, and why....

Holders Statistics

Total Addresses
9,968
Top 10 Holders
28.59%
Top 20 Holders
32.59%
Top 50 Holders
39.3%
Top 100 Holders
45.54%

https://coinmarketcap.com/currencies/terra-luna/holders/

looks to me like the number of wallets is slowly shrinking. they numbered 10,261 yesterday.

which means the top 100 wallets already own over 45% of the total supply and may be grabbing more.

this distribution favoring whales may explain why LUNC isn't dropping. in other words, retail doesn't own enough to influence price even if they are selling.

let's watch and see how it plays out!