Luna: $3B Of Bitcoin Was Sold

πŸ«—πŸ«— Luna Foundation Guard said it spent almost all of the bitcoin in its reserve last week in a futile attempt to save terraUSD. TerraUSD β€” or UST, for short β€” has fallen well below its intended $1 peg. By Monday, it was trading at just 9 cents
As of Monday, Luna Foundation Guard had just 313 bitcoins left in its reserve, worth approximately $9.3 million. The firm said it would use the remainder of its $85 million in crypto assets β€” including some BNB and avalanche β€” to β€œcompensate remaining users” of UST
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