Over $1.2B of Luna Foundation Guard’s Bitcoin Reserves Remains Unaccounted
S&P Global Ratings Forms DeFi Group

Luna Foundation Guard Reveals What Happened to Its Bitcoin Reserves

Luna Foundation Guard Reveals What Happened to Its Bitcoin Reserves

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Today’s Cryptocurrency Headline

Luna Foundation Guard tweeted that its foundation’s remaining reserves include the following assets: 313 BTC, 39,914 BNB, 1,973,554 AVAX, 1,847,079,725 UST and 222,713,007 LUNA. LFG plans to use these assets to compensate the remaining users of UST, smallest holders first. From May 7, 2022, LFG held a total of 80,394 BTC, 39,914 BNB, 697,344 UST, 1,691,261 LUNA, and USDT, USDC, AVAX and other assets.

BingX’s Bitcoin Chart

Source: TradingView& BingX

According to CoinShare, Digital asset investment products saw record weekly inflows for this year, totalling US$274m last week. Bitcoin was the primary benefactor, with inflows totalling US$299m last week. BTC is down 3.33% over the last 24 hours and has fallen to an intraday low of $29,055.54. Bitcoin fell from $31,000, indicating that the bears are selling on minor rallies. The market sentiment is still weak as the Crypto Greed and Fear Index is still in the extreme fear territory. However, the bulls must hold the $30,000 price level in order to prevent further decline.


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