Luna Foundation Guard Discloses What Happened to Their Reserves After UST de-pegged on May 9th, causing a cascade effect of billions of LUNA minted, the Luna Foundation Guard disclosed what happened precisely to their reserves which were meant to stabilize UST, keeping it pegged to USD. Let’s look at LUNA and UST and any related news this morning. Luna Foundation Sells Over $3 Billion to Save UST According to a series of tweets published this morning, the Luna Foundation Guard explained their efforts to defend the peg. 1/ As of Saturday, May 7, 2022, the Luna Foundation Guard held a reserve consisting of the following assets:· 80,394 $BTC· 39,914 The post Luna Foundation Guard Discloses What Happened to Their Reserves appeared first on The Merkle News.
Author: Paul Brabus
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