Hello people!😋 Luna Foundation Guard has not yet sold AVAX. Could this be a problem for Avalanche? I personally do not know the AVAX project in depth but I am concerned that it could be tragically affected by a possible sale.🙄 ![kraken-lists-avalanche-avax-as-its-price-surges.jpg](https://files.peakd.com/file/peakd-hive/cryptominaty/23xKi2Kpmrood5sdcjsP9EUopTzjEEtQ6zU1Btcs5FLizEnFw7n4jfb22KoUhDDM7CNje.jpg) The situation is the following right now: After having a treasury of almost $4 billion, there is now only $82 million left under the protection of Terra's Luna Foundation Guard, of which $74 million is invested in AVAX. Will they sell those Avalanche tokens? The LFG purchased $100 million equivalent in AVAX in early April to bolster UST's backing. This also has the purpose of strategically aligning both ecosystems. Thanks to this, the Avalanche token was one of the most affected by the tragedy of the Terra ecosystem. In the midst of the Luna Foundation's attempt to rescue the UST parity, they sold all the Bitcoin they had been accumulating (equivalent to more than $3 billion) and practically the entire LUNA reserve. However, the only coin that remained intact in the treasury was AVAX. It is possible that a pact has occurred not to destroy these tokens, and thus avoid a possible further bleeding of the price of the Avalanche cryptocurrency. AVAX has a market capitalization of $1,434 million. This means that the LFG owns approximately 5% of that total, which, although not a very significant amount, can undoubtedly cause fear in the market. $74.41 million equivalent in AVAX, will remain under the protection of Terra's LFG. 💪✌️🤙
author | cryptominaty | ||||||||||||||||||
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permlink | luna-foundation-guard-has-not-yet-sold-avax-could-this-be-a-problem-for-avalanche | ||||||||||||||||||
category | hive-167922 | ||||||||||||||||||
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<div><p><center><b>Whoever is directly controlling the V2K told me to kill myself.<br/>They told me if I killed myself now it would save the lives of countless others.<br/> Saying the longer I wait to kill myself the more people will suffer.</b></center></p></div><br/>They are reckless and should have shown the proper media what they had before taking me hostage for 5 years. I know there are many in prison that dont deserve to be there because of this. Your stay in prison will not be fun @battleaxe and friends. People are going to want you dead when they find out what you did. I hope you die a slow painful death. You sick mother fuckers.<br/><br/> https://peakd.com/gangstalking/@acousticpulses/electronic-terrorism-and-gaslighting--if-you-downvote-this-post-you-are-part-of-the-problem<br/><br/> Its a terrorist act on American soil while some say its not real or Im a mental case. Many know its real. This is an ignored detrimental to humanity domestic and foreign threat. Ask informed soldiers in the American military what their oath is and tell them about the day you asked me why. Nobody has I guess. Maybe someone told ill informed soldiers they cant protect America from military leaders in control with ill intent. How do we protect locked up soldiers from telling the truth?
author | gangstalking |
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permlink | re-cryptominaty-luna-foundation-guard-has-not-yet-sold-avax-could-this-be-a-problem-for-avalanche-20220514t192926524z |
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[Source of potential plagiarism](https://cryptotrader.cyou/news/terras-lfg-has-yet-to-sell-avax-could-this-be-a-problem-for-avalanche/) [Plagiarism](https://www.plagiarism.org/article/what-is-plagiarism/) is the copying & pasting of others' work without giving credit to the original author or artist. Plagiarized posts are considered fraud. Guide: [Why and How People Abuse and Plagiarise](https://hive.blog/hivewatchers/@hivewatchers/why-and-how-people-abuse-and-plagiarise) Fraud is discouraged by the community and may result in the account being Blacklisted. If you believe this comment is in error, please contact us in [#appeals in Discord](https://discord.gg/p9DN3D5).
author | hivewatchers |
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permlink | rbw7mi |
category | hive-167922 |
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