CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

After the last effort to prevent the UST stablecoin from collapse, $2.9 billion in bitcoin was sold.

Luna Foundation Guard spent virtually all of its bitcoin reserves in a failed effort to preserve terraUSD. TerraUSD, or UST for short, has dropped far below its $1 target.

Share This Post

Share on facebook
Share on linkedin
Share on twitter
Share on email

Last week, Luna Foundation Guard spent virtually all of its bitcoin reserves in a failed effort to preserve terraUSD. TerraUSD, or UST for short, has dropped far below its $1 target. It was selling at only 8 cents on Monday. Do Kwon, the developer of Terra, had vowed to adopt bitcoin if the worth of UST fell dramatically.

Terra (LUNA) to Target $90 After Testing Resistance at $80

Investor’s purpose on UST

Investors have been curious about what occurred to the $2.9 billion in btc Terra purchased to support its failing stablecoin. They’ve received their response. Last week, the Luna Foundation Guard, a fund established by Terra founder Do Kwon, spent virtually all or most of the bitcoin in its reserves in a failed bid to preserve terraUSD, or UST, for short.

UST foundation impact on UST

The foundation had sold more than 80,500 btc, valued at roughly $2.9 billion the week before, as well as many other currencies including as BNB, tether, USDC, and avalanche. Kwon had vowed to utilize bitcoin if the value of the UST dropped dramatically.

Subscribe To Our Newsletter

Get updates and learn from the best

More To Explore

What are you looking for in a broker?

Select the ‘must-have’ features or requirements that are important to you

Mobile Trading

Trade on Margin

Direct Market Access

Offers US Stocks

Accept Paypal

Offers UK Stocks

Offers MT4

Allows Scalping

Copy Trading

Accepts Credit Card

Allows Hedging

ECN or STP Execution

Offers Altcoins

Offers Crypto Crosses

Fixed Spreads

Variable Spreads

Offers Demo Account

Professional Status

VPS Trading

Zero Spread Account

Mobile Trading

Trade on Margin

Direct Market Access

Offers US Stocks

Accept Paypal

Offers UK Stocks

Offers MT4

Allows Scalping

Copy Trading

Accepts Credit Card

Allows Hedging

ECN or STP Execution

Offers Altcoins

Offers Crypto Crosses

Fixed Spreads

Variable Spreads

Offers Demo Account

Professional Status

BIGINNER

VPS Trading

Zero Spread Account

How experienced are you at trading?

Select the ‘must-have’ features or requirements that are important to you

beginner

Intermediate

EXPERT