Everyone is guessing what happened to Terra $LUNA and UST over the last week. Was it Blackrock? Citadel? I have no clue 🤷♂️
But I do want to provide the community with real on-chain data so you can investigate more and arrive at your own conclusions. We open sourced the whale transactions as well as other interesting anomalies. Feel free to check it out in the resource section below.
But first, a disclaimer: I’m impartial to what’s happened. I’m just a guy who indexes proof of stake chains (like Terra) and geeks out on data.
Also some parts of this story uses web2 sources to help us further investigate what happened on-chain. And I can’t verify if the web2 sources are true but I am 100% positive that the data presented is real. This is why I love web3.
Diving deeper into this bump, we found that about $270M was caused by 2 transactions from terra18vnrzlzm2c4xfsx382pj2xndqtt00rvhu24sqe to terra1jrq7xa63a4qgpdgtj70k8yz5p32ps9r7mlj3yr.