Terraform Labs is selling AVAX on-chain, and the LFG foundation address still holds 850,000 AVAX

2023-06-01 19:40:22

Collection

According to ChainCatcher news, on-chain data analyst Yu Jin has monitored that Terraform Labs is selling AVAX on-chain. Its foundation, Luna Foundation Guard (LFG), transferred 200,000 AVAX (worth $2.89 million) to the address 0x49ee on May 30 and began selling. So far, it has exchanged 147,000 AVAX for 2.11 million stablecoins.

It is reported that the Luna Foundation Guard (LFG) address received approximately 1.085 million AVAX (worth $15.35 million) on April 27 last year. Currently, this LFG address still holds 850,000 AVAX (worth $12 million).

In addition, the address 0x49ee, which is currently selling AVAX, received 12.7389 million LDO from the Terraform Labs address between January 11 and March 12, exchanging and selling it for 28.68 million stablecoins. (source link)

Related tags

Terraform Labs AVAX Luna LFG

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.