Terra’s LUNA Surges 17% as UST Becomes Third-Largest Stablecoin

LFG has since purchased bitcoin, Avalanche’s AVAX, other stablecoins, data shows, with Terra also donating 10 million LUNA, worth $890 million at current prices, last week. The reserves currently sit at $2.48 billion at the time of writing, with 69% held in bitcoin. Source link

Terraform Labs gifts another $880M to Luna Foundation Guard

Terra (LUNA) blockchain developer Terraform Labs (TFL) has gifted the Luna Foundation Guard 10 million LUNA worth around $820 million at current prices. The Luna Foundation Guard (LFG) is a nonprofit organization attached to Terra that is tasked with collateralizing the network’s algorithmic stablecoin Terra USD (UST) to keep it pegged with the U.S. dollar. […]

Terraform Labs Gifts $820M in Tokens to Luna Foundation Guard

Terraform Labs, the organization behind the UST algorithmic stablecoin (UST) and its LUNA token, gifted 10 million LUNA tokens worth $820 million at press time to Luna Foundation Guard (LFG), the non-profit platform that is building up bitcoin (BTC) reserves for UST, The Block reported. Source link


Bitcoin (BTC) and major altcoins are attempting a recovery after the sharp fall on April 11. According to Glassnode’s recent weekly report, Bitcoin has witnessed a “modest volume of profit-taking by investors” since mid-February which could “be providing sufficient headwinds to prices.” While some investors are booking profits, the Luna Foundation Guard, the nonprofit organization […]