Terra Has Gifted An Additional 10M $LUNA to Luna Foundation Guard

Terra Gifted An Additional 10M $LUNA to Luna Foundation Guard

According to the announcement of Terra’s official Twitter account, Terraform Labs has gifted an additional 10 million $LUNA to the Luna Foundation Guard. You can check the transaction details here.

At present, according to LFG’s reserves running dashboard, LFG’s wallet presently includes roughly $1.75 billion in BTC, $549.88 million in other ERC-20 stablecoins, and $891,88 million in LUNA. The total value of the wallet now reaches $3,19 billion.

Bitcoin still holds the largest share of total assets with 54.8%, followed by LUNA with 27.9%, USDC with 12.5% and finally USDT with 4.8%.

In terms of total holdings, the LFG wallet is the 19th largest. Luna will also have the second-largest bitcoin wallet after Binance’s cold wallet if it achieves its objective of acquiring $10 billion in bitcoin.

Do Kwon claimed that Terra will come the world’s largest Bitcoin holder in the future. Do Kwon wants to become the largest Bitcoin holder after Satoshi Nakamoto by continuously purchasing Bitcoin for building reserves for the UST stablecoin.

Terra announced that it had added to its reserves by purchasing Avalanche (AVAX) tokens worth $100 million in a ‘treasury Swap’ between LUNA and AVAX. AVAX is the first significant cryptocurrency other than bitcoin to find its way into the stablecoin’s reserve as a result of this OTC deal to add the stated AVAX tokens to UST reserves.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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