MagaFX

The meme supercycle will send: $DOGE to $2.5 $SHIB to $0.01 $PEPE to $0.0.1 $FLOKI to $1 $BONK to $1 $BABYDOGE to $0.00005 And nobody is ready for it.👇👇

Earlier I thought a few charges in Heabeart v. Coinbase, might survive to trial, but having read the second amended complaint filed yesterday, I am now convinced they will all be dismissed and Judge Rakoff will follow through on his threat to sanction the plaintiffs' attorneys for the number of falsehoods in their filings. They only dug the hole deeper for themselves with this most recent one. One of the most mind-boggling statements in this billion dollar plus lawsuit is this: "...the only way Plaintiffs could have realized value was through conversion to the new LUNA 2.0 airdrop created by Terraform Proposal 1623." They give the example of a plaintiff that held 8,880,255.10 tokens saying that if he'd been able to receive the airdrop his position would have been worth $757,928,713.65 when LUNA 2 hit its peak price of $19. Astonishing! If only it were remotely true. The truth is someone holding 8,880,255.10 LUNA coins would have received 40.78 LUNA 2 coins on May 30th, 2022 which, for a fleeting few minutes at the start of trading that day, would've peaked at a whopping $775 in value. To understand why, you have to know how the airdrop worked. Out of the 1 Billion Luna 2 coins freshly created, 35% (350M) were to go to those who bought and held LUNA prior to May 7th, 2022 (pre-attack holders) and 10% (100M) for those that bought and hold LUNA between May 7th and May 26th, 2022 (post-attack holders). That means pre-attack holders were to get 1.034735071 LUNA 2 per LUNA and post-attack holders would get 0.000015307927 LUNA 2 per LUNA. Except... Only 30% of the coins were distributed on May 30th, 2022. The rest were to be distributed monthly starting Dec '22. So in reality, on May 30th, pre-attack holders would only get 0.3104205213 LUNA 2 per LUNA and post-attack holders would only get 0.0000045923781 LUNA 2 per LUNA. While 8,880,255.10 LUNA could eventually land you 135.94 LUNA 2 tokens, the most you could've ever sold at $19 was 40.78 coins. By the end of 2022, the price of LUNA 2 had fallen to $1.25. There are two options: either the attorneys knew this and have chosen to bend the truth to its breaking point or they didn't know, in which case they are incompetent. I honestly don't know which it is since they follow up with one of their many easily disprovable falsehoods: "Coinbase’s suspension blocked all withdrawals and conversions on the exact day the snapshot occurred.." Ignoring the fact Coinbase never once handled conversions - the filing itself says Coinbase was never connected to the LUNA blockchain, Coinbase stopped trading of wLUNA at 12 PM EDT on May 27, 2022 but never blocked withdrawals. Regardless, the snapshot itself was taken at 8:38 PM EDT on May 26th, 2022. This is just a single paragraph from the complaint. You can guarantee that Coinbase's lawyers are going to shred the rest. The end is near.