Do you see the market going bullish again in the next few months? 🥲📉
Terraform Labs (TFL) — the organization behind UST, cryptocurrency LUNA, and Luna Foundation Guard (LFG) — 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 👉 @crypto.nfts to learn everything you need to know about NFTs and metaverse!
Follow 👉 @crypto.nfts
Follow 👉 @crypto.nfts
Follow 👉 @crypto.nfts
.
.
.
🎥 cryptocommentary/TT
#nftpace #nft #nftart #nfts #nftcollector #nftartist #nftcommunity #opensea #nftcollectors #nftcollectibles #nftdrop #nftartgallery #nftartists #nftcollection #raredigitalart #nftartwork #openseanft #ethereum #nftmagazine #nftsstories #nftgallery #superrare #digitalcollectibles #nftnews #eth #nonfungibletokens
