LUNA Poised To Moon As Terra’s Do Kwon Vows To Become World’s Biggest Bitcoin Holder Besides Satoshi

LUNA Poised To Moon As Terra’s Do Kwon Vows To Become World’s Biggest Bitcoin Holder Besides Satoshi
фото показано с : zycrypto.com

2022-4-1 00:03

Terra’s native cryptocurrency LUNA could be preparing to touch new all-time highs as Terraform Labs CEO Do Kwon confirms that they will continue adding stacks of bitcoin to their reserves. In fact, Kwon claims the plans are set for the organization to become the largest BTC holder in the world after the mysterious bitcoin creator Satoshi Nakamoto.

Terra On Course To Become Bitcoin’s Biggest Holder

Terra, the fast blockchain taking on Ethereum, has stolen the spotlight in recent days after the Luna Foundation Guard (LFG) outlined plans to purchase billions worth of bitcoin as an additional security layer for its UST stablecoin.

The Terra wallet amassed an additional 2,943 BTC on Wednesday, bringing its total stash to 30,728 BTC worth around $1.45 billion. Notably, the LFG has not sold a single satoshi and has effectively surpassed the initial target of $1 billion.

Do Kwon recently stressed that the long-term target is to build a gargantuan $10 billion bitcoin fund to serve as some sort of a release valve for UST redemptions during market drawdowns. Terra’s UST is currently the fourth-biggest stablecoin in the market. It’s pegged 1:1 to the United States dollar and its creation is facilitated by burning LUNA. LFG has been using Tether (USDT) to buy the bitcoin reserves.

The Terra founder said the ultimate goal is to become the largest single bitcoin holder in the world. Currently, this honor is believed to belong to BTC’s pseudonymous inventor, Satoshi Nakamoto.

Terra has been loading up on BTC fast and steadily and could soon overtake Tesla’s holdings, catching up with MicroStrategy after.

Bitcoin Buys Might Send LUNA Moon-Bound

LUNA has been on fire in recent weeks since LFG announced plans to obtain $10 billion BTC for reserves. The ninth-ranked cryptocurrency has essentially been setting record high after record high. And as Kwon aims to ensure his Bitcoin coffers rival that of Satoshi, LUNA could be primed to fly higher.

To put it into perspective, building a BTC reserve is a brilliant move that ensures that the fluctuations of UST during high market volatility are negligible. More stability means more demand for UST. This in turn slashes LUNA’s supply significantly and could act as rocket fuel for the token. LUNA is changing hands at $103 as of publication time, a 3.86% loss on the day.

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Luna Coin (LUNA) на Currencies.ru

$ 0.0059327 (+16.14%)
Объем 24H $285
Изменеия 24h: 11.57 %, 7d: 6.72 %
Cегодня L: $0.0059327 - H: $0.0059327
Капитализация $10.124k Rank 2215
Доступно / Всего 1.706m LUNA

luna terra bitcoin outlined plans purchase lfg

Источник: zycrypto.com

luna terra → Результатов: 126


Terra (LUNA) Price Prediction 2024 – 2025 -2030 | LUNA Price Forecast

What is Terra? Terra is the new LUNA 2.0 launched by the Terra founder Do Kwon. After an incredible demise and unprecedented crash of the original Terra Luna project that went from a $60 billion protocol to almost zero, Kwonman (popular name for this conman) decided to do another round of plundering crypto noobs by […] The post Terra (LUNA) Price Prediction 2024 – 2025 -2030 | LUNA Price Forecast appeared first on CaptainAltcoin.

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Terra (LUNA) Price Prediction 2023 – 2025 -2030 | LUNA Price Forecast

What is Terra? Terra is the new LUNA 2.0 launched by the Terra founder Do Kwon. After an incredible demise and unprecedented crash of the original Terra Luna project that went from a $60 billion protocol to almost zero, Kwonman (popular name for this conman) decided to do another round of plundering crypto noobs by […] The post Terra (LUNA) Price Prediction 2023 – 2025 -2030 | LUNA Price Forecast appeared first on CaptainAltcoin.

2022-12-22 11:58


Цена токена LUNA подскочила на 200%

Токен LUNA новой сети Terra 2. 0 резко вырос в цене, показав прирост на 127% в течение часа: с $2 до $4,55. Криптовалюта обновила максимум с 8 июня. Монета была выпущена в конце мая взамен оригинальной криптовалюты Terra (LUNA), которая была переименована в Terra Classic (LUNC).

2022-9-10 18:05


Terra Classic (LUNC) vs. Luna 2.0 (LUNA)

A  few weeks ago, Terra (UST-USD), the third-largest stablecoin in the crypto market, was delisted from the US dollar and crashed along with its reserve asset, Luna (LUNA1-USD). This is after experiencing a massive sell-off of over 99% of its value, resulting in Investors losing all their funds and life savings as in the case […] The post Terra Classic (LUNC) vs. Luna 2.0 (LUNA) appeared first on NullTX.

2022-6-1 23:09


Фото:

План по восстановлению Luna столкнется с трудностями: отчет Huobi

После отвязки Luna и краха стейблкоина UST на прошлой неделе соучредитель Terra До Квон представил предложение с его видением «пути вперед» - плана по возрождения блокчейна Terra. Предложение предусматривает форкинг цепи Terra в новую цепь без алгоритмического стейблкоина, при этом старая цепь будет называться Terra Classic (токен Luna Classic - LUNC), а новая цепь Terra (токен Luna - LUNA).

2022-5-27 16:28


Фото:

Terra (LUNA) could have hit bottom: you can buy $LUNA token here

Most crypto investors are optimistic that Terra’s woes are almost coming to an end and that its coin the Terra (LUNA) is poised for recovery in the coming days. The rate at which LUNA was losing its value has reduced from losing over 100% per day to only about 40% per day; a sign that […] The post Terra (LUNA) could have hit bottom: you can buy $LUNA token here appeared first on Invezz.

2022-5-16 19:09


Цена Terra LUNA обновила исторический максимум благодаря инвестициям в биткоин

Монета Terra (LUNA) достигла нового исторического максимума после того, как выросла более чем на 140% по сравнению с минимумом 2022 года. Что происходит? Рост LUNA связан с беспрецедентными инвестициями компании-разработчика криптовалюты в биткоин.

2022-3-30 18:11


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