After Terra USD lost its stability, it became clear who bought the Bitcoins sold by the Luna Foundation Guard (LFG), which spent its reserves to fix it.
LFG had said it wanted to build up its UST reserves by holding $10 billion worth of Bitcoin, but the stablecoin’s after losing its stability Terra, who wants to tidy up the situation, 80,081 Bitcoins about 33,000 It sold on average.
On-Chain data and analytics platform Glassnode shared on Twitter, since LUNA started selling Bitcoins. out of 100 little bitcoin in the wallets of accounts that have 80,724 Bitcoin increased stated. Glassnode states that this is mostly because of the Bitcoins LUNA sells. Wallets with less than 100 Bitcoins bought He said it showed.
In the statement made by the company on May 10, Borrowing 37,000 Bitcoins to market makers He stated that only a small part of the Bitcoins have been sold so far.
It was announced that South Korean authorities summoned all Terraform Labs employees to the court in order to conduct a detailed investigation.
Terraform Labs (Terra) Employees Sued After LUNA 2.0 Release
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