Well, the value that collapsed was the exchange rate of BTC to LUNA, which is no...

		idkyall on May 16, 2022 \| parent \| context \| favorite \| on: $3B in Bitcoin was sold in a last-ditch attempt to... Well, the value that collapsed was the exchange rate of BTC to LUNA, which is now at fractional cents per coin after hyperinflation... They kind of gave a $3B liquidity exit for holders to dump their LUNA tokens into via the LUNA/BTC pairs that they were market making