Evening $wLUNA fans.
Had a bit of time so put this together for you all to save, share, spam and infect #CryptoTwitter with this weekend.
Featuring everyone’s favourite Coinbase contract quotation :
1 $wLUNA = 1 $LUNA
#CoinbaseRelistWrappedLUNA#CoinbaseListLUNC
LFG 🚀 🌔
Because Judge Rakoff ruled that WLUNA is a security (SEC v. Terraform Labs), Coinbase acted not merely as a wallet provider, but as a Securities Intermediary under UCC Article 8, holding assets in "street name" for us as Entitlement Holders.
This designation imposed strict statutory duties that Coinbase violated in two distinct ways: first, under UCC § 8-504 (Duty to Maintain Financial Asset), they failed to execute the Mandatory Corporate Action defined by the issuer—the network migration to LUNA 2.0—thereby leaving holders trapped in a deprecated "shell" asset rather than the live asset they were legally owed; and second, under UCC § 8-505 (Duty to Obtain Distributions), they failed to secure and pass on the LUNA 2.0 airdrop which they received as custodian.
By refusing to honor these duties and retaining the benefits of the new chain, Coinbase committed Conversion and Breach of Fiduciary Duty, entitling plaintiffs to Specific Performance, Disgorgement of all ill-gotten staking rewards, and monetary damages calculated under the Highest Intermediate Value (HIVE) Rule—fixing the liability at the asset's peak price (~$25) immediately following the breach, rather than its current value.
$wLUNA = $LUNA
...but pre-suspension CEX held wLUNA =
- Base Liability (HIVE Rule): ~$25 (LUNA 2.0 Peak)
- Statutory Interest: +9% per year
- Punitive Damages: x2 Multiplier
Estimated Range: $35 - $65 per $WLUNA (Or perhaps our original tax records of $80+?)
"No comment" ending soon.
@CoinMarketCap My list is simple, Santa 🎅
All I want is what’s already on the ledger.
$WLUNA = $LUNA.
It’s the only gift that’s 1300 days overdue.
Code is law. The ledger will settle. ⚖️💎
#FreeWLUNA
Stock market is hitting new all-time high while BTC and ETH are crashing. This is the sign of pure market manipulation by the big cartels and exchanges to liquidate all the high and low leverage longs before the massive pump in Q4.
They want to install fear just like they did when ETH crashed to $1,385, making everyone believe it’s dead. Then they pumped ETH 3.5x in 4 months to a new ATH of $4950.
They are running the same playbook with altcoins now. I’m serious when I say again and again, “ Don’t get shaken out.”
2-3 rate cuts are coming. Liquidity will flow into the market, and we will get rich in Q4. Just survive this dump so we can enjoy the rewards of the epic pump.
Say it with me, “ I’M NOT FCKING LEAVING. ”
Like and repost it so more people can see this and stop panicking.
Crypto is fuckin lonely. The people even close to us don't understand that we struggle and die internally every day because we are desperate to give them the life we feel they deserve. That sacrifice is everything. We just want to be free with the people we love around us. #XRP