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Moon Liquidity on SushiSwap just hit a huge MileStone, there is now more Moons in Liquidity than what any single Moon holder has.

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by COINS NEWS 116 Views

Moon Liquidity on SushiSwap just hit a huge MileStone, there is now more Moons in Liquidity than what any single Moon holder has.

Moons in Liquidity on SushiSwap just hit the Milestone of being larger than the holdings of any single Moon Holder.

If we Look at the ccmoons balances page we'll see the largest individual Moon Holder is /u/nanooverbtc with a whopping ~1.212M moons. This individual is currently a mod, who was a user that earned a lot of Moons during the first few distributions.

https://preview.redd.it/321dqt9rizra1.png?1800&format=png&auto=webp&s=784cac49605541790b1488b9b1d844fe143f6305

Now if we look at the Moons in Liquidity we'll see: Moons in SushiSwap equals ~1.25M.

https://preview.redd.it/9sxtjap3k2sa1.png?856&format=png&auto=webp&s=1e2b692f220b325100f0107f6f2de183ae3ce0e0

Meaning we now have more Moons in Liquidity on SushiSwap than what any single individual holder has.

Now I'm sure your next question is, what would happen if the user Dumped all their Moons on Sushi?

Well here's your answer!

So if the user sold all their Moons: the Moons in Liquidity would double and the user would recieve roughly half the Eth. In that hypothetical, we'd be looking at ~2.57M Moons in liquidity and ~82 ETH left in liquidity.

In order to keep prices equal, the price of Moons would drop by roughly 75% down to $.0625 and the total value of the crypto in the liquidity pool would be cut by 50%.

Thanks to this community, Moons have come a long ways, and I'm eager to see where we go next

submitted by /u/GabeSter
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