Luna: $3B Of Bitcoin Was Sold

🫗🫗 Luna Foundation Guard said it spent almost all of the bitcoin in its reserve last week in a futile attempt to save terraUSD. TerraUSD — or UST, for short — 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 — including some BNB and avalanche — to “compensate remaining users” of UST
Is It Worth Investing In Stablecoins And Cryptos At Current Levels?
Contact Us At Now And Provide Us With Your Email To Receive Our Free Algo Research Ideas Newsletter
AlgorithmicInvestment #AccuracyProfits #HumanQuant #FreeAlgoResearchIdeas #Luna

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s