80,000 BTC Sold by Luna Hastily Grabbed by Bitcoin Entities: Glassnode

around May 9 has found a new home in the wallets of entities who previously held fewer than 100 Bitcoins.At the start of May, the Luna Foundation Guard dumped a total of 80,081 Bitcoins bought at the price of $33,000, even though they had bought it at $47,000. Overall, LFG sold $1.5 billion worth of the world's flagship cryptocurrency.UST stablecoin

. Founder and CEO Do Kwon then tweeted that the funds earned will be used to restore the lost balance of UST, promising they would buy more Bitcoin if the demand is surplus. In the end, this measure did not help and UST lost its USD peg, crashing below $1, with LUNA dropping from above $119 to $0.00001675 over two weeks ago. This event caused a major drop in the crypto market, pushing prices of Bitcoin, Ethereum and other major and smaller cryptocurrencies way down.Recently, a hard fork was made, turning the old version of Luna into Luna Classic, which is still trading at $0.0001527 and giving the Luna title to a new coin, which is changing hands at $6.

According to a recent tweet by the Glassnode analytics company, entities that used to hold fewer than 100 Bitcoins in their wallets quickly bought all of the 80,081 Bitcoins dumped by Luna Foundation Guard onto the crypto market. The comprised holdings of these wallets have by now increased to the level of 80,724. The tweet says that the Bitcoins sold by Luna have been bought by more than 100 addresses.

Source: Digital Coin News (digitalcoinnews.net)

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'American Graffiti' Star Bo Hopkins Dead at 80Bo Hopkins -- famous from 'American Graffiti' and other '70s cult classic films -- has died. Damn. This has not been a good week… RIPBoHopkins I think Depp should sue you for profiting off of an illegal recording of him. California requires consent someone is within their home (expectation of privacy). Amber didn't have Depp's consent. That's clear in vid. JusticeForJohnnyDeep DeppVsHeard AmberHeard
Source: TMZ - 🏆 379. / 59 Read more »

Police say 80-year-old man fatally shot his wife, 2 dogs and himselfWilliam Potts, 80, and Susan Potts, 80, died from gunshot wounds, according to Phoenix police. Mannnn, not the dogs What did the dogs do? AZGOP be like “Oh no, is the gun OK?”
Source: azcentral - 🏆 585. / 51 Read more »

Central Pa. man killed on I-80 fleeing assaultA Harrisburg man was killed after being run over on I-80 in Columbia County while fleeing an attacker.
Source: PennLive - 🏆 463. / 53 Read more »

First Alert Forecast: Sunshine, low humidity, high temps near 80 degrees SundayFirst Alert Weather: Expect plenty of sunshine this afternoon, low humidity and highs right around 80 degrees. It doesn't get much better for late May! Watch JohnElliottTV's forecast:
Source: CBSNewYork - 🏆 268. / 63 Read more »

Putin blames West for food supply issues in 80-minute call with France, German leadersRussian President Vladimir Putin held an 80-minute call with the leaders of France and Germany in which he warned against the continued transfers of Western weapons to Ukraine. Fuck Putin - blame everyone else is the russian way If the rumors about his health are true, he will die soon. Dead man walking. Is there a price on Putin,s head yet if not maybe there
Source: FOX29philly - 🏆 570. / 51 Read more »

‘American Graffiti’ actor Bo Hopkins dead at 80Hollywood actor Bo Hopkins, best known for his roles in films like “American Graffiti” and “Wild Bunch,” has died at the age of 80. Godspeed🙏🏾
Source: nypost - 🏆 91. / 67 Read more »