Terra LUNAWhile the record fall of . However Gemini, the crypto exchange led by the Winklevoss twinsdenied rumors about LUNA’s potential participation in the price breakdown.
New York-based cryptocurrency surveillance and exchange Gemini said that Terra’s native cryptocurrency LUNA has impacted the price drop. claimswhat refused.
Gemini, the investment arm of the company, on its official Twitter account BlackRock and CitadelHe denied the rumors that LUNA contributed to the price drop after lending 100,000 Bitcoin to .
We are aware of a recent story suggesting that Gemini loaned 100,000 BTC to major institutional counterparties, resulting in a sale on LUNA. Gemini did not make such a loan.
As it is known, according to the rumors in the market, BlackRock and Citadel are jointly from Gemini. Borrow 100,000 BTC had received. It was alleged that both companies exchanged 25,000 BTC for UST, which lost a 1:1 ratio, which later triggered the massive sale of LUNA.
However, this latest statement from Gemini refutes all these rumors.
In addition to all this, BlackRock and Citadel also denied the rumors. A Citadel source stated that the company is not involved in any stablecoin trading, including UST. BlackRock also announced that the company does not trade UST.
At the time of writing, the decrease in LUNA has reached 99 percent.