CZ Reflects on Binance's $3M Terra Investment and Its Fallout
- Investment Overview: CZ disclosed that Binance's $3 million investment in Terra in 2018 yielded 15 million LUNA, which peaked at nearly $1.6 billion, reflecting a staggering 560x return, although its current value has significantly declined.
- Market Collapse Impact: Following the UST de-pegging in May 2022, the SEC reported that related Terraform tokens fell to nearly zero, erasing approximately $40 billion in market value almost overnight, highlighting the fragility of the crypto market.
- Transparency and Compliance: CZ emphasized that Binance has never moved or sold these LUNA tokens, providing a crucial disclosure data point, while Terraform Labs and Do Kwon's settlement of over $4.5 billion after a jury verdict raises the bar for market transparency expectations.
- Investor Lessons: The disparity between CZ's cited peak value and the SEC's reported market losses underscores the need for investors to be aware of the risks associated with unrealized gains potentially reversing quickly, urging users to remain vigilant on centralized platforms.
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Technical Analysis for STABLE
Technical Sentiment Analysis for (STABLE). As of , (STABLE) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for STABLE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, STABLE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
(STABLE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.000411 | 0.0123 | 0.0195 | 0.0323 | 0.0395 | 0.0522 | 0.0595 |
| Fibonacci | 0.0123 | 0.0199 | 0.0246 | 0.0323 | 0.0399 | 0.0446 | 0.0522 |
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