In a short time, it became one of the largest altcoins in the world. terra (LUNA) team, part of this recognition Onetcoin (BTC) owed to his campaign. Announcing that he will make large BTC purchases for the stablecoin UST in the Terra network to be BTC secured, CEO Do Kwon does this at every opportunity. held on May 5 1.5 billion dollars The purchase drew a serious reaction.
LFG Didn’t Get BTCs From 3AC!
Terra’s Luna Foundation Guard (LFG) institution, $1.5 billion BTC announced his purchase. It was announced that 1 billion dollars of these purchases were made with Genesis Global Trading, and 500 million dollars were made with Three Arrows Capital. The fact that this happened just before the sharp fall of BTC revealed the claim that the Three Arrows Capital team sold their BTC to LFG before the fall. Many mocking tweets about this made CEO Do Kwon say enough is enough.
In his post published this morning, Kwon emphasized that 3AC, namely Three Arrows Capital, did not sell BTC to them. Stating that they are working with 3AC and getting BTC faster/better from the market, Kwon stated that they are better than them in making purchases.
Kwon also stressed that this was “obvious” and reacted to anyone who asked for a source saying “I am the source”.
They didnt sell 500M btc to us
We worked with 3ac to twap buy in markets bc they’re better at pressing the green button than we are
obv really
— Do Kwon 🌕 (@stablekwon) May 6, 2022
The speculation that 3AC co-founder Su Zhu, who was highly criticized for his previous steps and comments, sold his BTCs was thus dried up.