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Do you see the market going bullish again in the next few months? Terraform La…


Do you see the market going bullish again in the next few months? ๐Ÿฅฒ๐Ÿ“‰

Terraform Labs (TFL) โ€” the organization behind UST, cryptocurrency LUNA, and Luna Foundation Guard (LFG) โ€” emptied its treasury wallet of all of its bitcoin, about 42,530 bitcoin, which roughly equalled $1.8 billion at the time of the sale. The UST stablecoin has lost its 1:1 dollar peg ratio for the second time in the past three days and dropped as much as 5.3% to 95 cents on Monday, when it should be always held extremely close to $1. The depegging of UST is forcing LFG to liquidate reserves from both LUNA and bitcoin in order to correct the pegging of UST to $1.

Follow ๐Ÿ‘‰ @crypto.nfts to learn everything you need to know about NFTs and metaverse!

Follow ๐Ÿ‘‰ @crypto.nfts
Follow ๐Ÿ‘‰ @crypto.nfts
Follow ๐Ÿ‘‰ @crypto.nfts
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๐ŸŽฅ cryptocommentary/TT

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