Luna Foundation Guard (LFG) Since owning the biggest corporate Bitcoin, it has started to be accepted as the metric that should be followed for the crypto money world. The $ 125 million transferred from the LFG wallet has already excited investors and the crypto money world. The community interpreted this transfer as a new BTC purchase.
Blockchain data tracking platform Etherscan has found that LFG has recently purchased $125 million in USDC. This transaction was carried out by transfer from an anonymous wallet.
$125m moved from LFG! Another buy imminent?https://t.co/y9AVa1lhZh
— Ran NeuNer (@cryptomanran) April 28, 2022
Ran NeuNer, the crypto server of the CNBC channel, drew attention to this transfer and pointed out that these decreases can be used by LFG as a buying opportunity.
Luna Foundation Guard Tracks Bitcoin Fixes
Although no official statement has been made by Luna Foundation Guard and Terra founder Do Kwon, according to speculations circulating in the community, LFG bitcoin It may have adopted an investing strategy by following its adjustments.
LFG purchased $125 million worth of BTC every day during the purchases that took place between March 22 and 25. At that time, the Bitcoin price was hovering around $40,000 and briefly climbed to $42,000.
The other big purchase that followed these acquisitions was made between 6-7 April. During these purchases, the price was around $43,000. LFG spent $273 million on these acquisitions.
LFG last bought 2623 BTC between 13-15 April. Just before these dates, on April 11, Bitcoin recorded a major correction.
Could Bitcoin Price Trigger LFG Buys?
If we look at the current price of Bitcoin, it would be a lie to say that the red chart does not give a strong signal that these purchases may occur. The market has been down since Thursday and close to 5% has already been lost. Considering that the price is around $39,500, LFG may have rolled up its sleeves for a new purchase.
Terra founder Do Kwon announced last March that he has plans to purchase $10 billion worth of BTC to support nonprofit LFG’s stablecoin.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.