We DO(N’T) Care about $TRUNK Price; Two Biases, One Strategy

MDSquared
Cryptozoa
Published in
7 min readAug 26, 2022

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As you may know Elephant Money protocol offers two native tokens being $ELEPHANT and it’s overcollateralized stable coin $TRUNK. $TRUNK used to be valued around 0.99 $BUSD but lost peg as a result of an exploit of the protocol in April this year. Ever since it lost peg price has been going down.

In the community there are now two sides, those who don’t care about $TRUNK value and those who do care about it. But how different are those two camps? And what are they aiming for at this moment?

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I am a Crypto Enthusiast, Medium Publisher, Technical Crypto Analyst, DeFi investor, and Researcher. Here to share information of value for anyone!