Yugocean
Valued Contributor
Sources from the Luna Foundation revealed that the foundation has sold more than 80,000 bitcoins from its reserves.
This sale would have generated some 2.4 billion-dollar revenue for the Luna Foundation, corresponding to the current value of bitcoin.
According to sources from the foundation, proceeds from the sale of bitcoin have been used to fund Terra's stablecoin UST, but it has failed to explain how the use was done.
After this new information has came out, there is a different atmosphere among people who are optimistic about LUNA, such people believe that the foundation has started a new effort to save LUNA, and it's price will increase again.
There has been a lot of speculation on this, yet it is still unclear how anyone will save Luna. At the same time, people angry with Luna believe that the foundation has taken out the reserve by dumping Luna and UST.
Trendries are advised not to invest in any of Terra Luna project.
This sale would have generated some 2.4 billion-dollar revenue for the Luna Foundation, corresponding to the current value of bitcoin.
According to sources from the foundation, proceeds from the sale of bitcoin have been used to fund Terra's stablecoin UST, but it has failed to explain how the use was done.
After this new information has came out, there is a different atmosphere among people who are optimistic about LUNA, such people believe that the foundation has started a new effort to save LUNA, and it's price will increase again.
There has been a lot of speculation on this, yet it is still unclear how anyone will save Luna. At the same time, people angry with Luna believe that the foundation has taken out the reserve by dumping Luna and UST.
Trendries are advised not to invest in any of Terra Luna project.
