{"id":447792,"date":"2022-05-16T13:44:26","date_gmt":"2022-05-16T10:44:26","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/80000-bitcoin-gone-whats-left-in-lunas-reserve-wallet\/"},"modified":"2022-05-16T13:44:26","modified_gmt":"2022-05-16T10:44:26","slug":"80000-bitcoin-gone-whats-left-in-lunas-reserve-wallet","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/80000-bitcoin-gone-whats-left-in-lunas-reserve-wallet\/","title":{"rendered":"# 80,000 Bitcoin gone: What\u2019s left in Luna\u2019s reserve wallet?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3701dce0783\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3701dce0783\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/80000-bitcoin-gone-whats-left-in-lunas-reserve-wallet\/#%E2%80%9D_80000_Bitcoin_gone_Whats_left_in_Lunas_reserve_wallet_%E2%80%9C\" >&#8221; 80,000 Bitcoin gone: What\u2019s left in Luna\u2019s reserve wallet?  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_80000_Bitcoin_gone_Whats_left_in_Lunas_reserve_wallet_%E2%80%9C\"><\/span>&#8221; 80,000 Bitcoin gone: What\u2019s left in Luna\u2019s reserve wallet?  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>The Luna saga continues. In a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a>\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/LFG_org\/status\/1526126703046582272\">thread<\/a>, the team behind the failed algorithmic stablecoin UST and the token LUNA shared precisely how much Bitcoin and crypto assets they had disposed of.<\/p>\n<p>The Luna Foundation Guard (LFG) also <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/LFG_org\/status\/1526126719874109440?s=20&amp;t=ISd7JEB0qo51NJEHLAFk4g\">shared<\/a> a promise to \u201ccompensate remaining users of UST, smallest holders first,\u201d with the remaining assets.<\/p>\n<p>In summary, 80,081 Bitcoin (BTC) or 99.61% of the Bitcoin that LFG guarded, has exited the fund. The group <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/LFG_org\/status\/1526126713062576128\">confirmed<\/a> a sale of \u201c33,206 $BTC for an aggregate 1,164,018,521 $UST\u201d in a tweet. The remaining 47,188 BTC is not accounted for, while 313 BTC remains in reserve.<\/p>\n<p>Interestingly, LFG has not sold a single Binance Coin (BNB) or Avalanche (AVAX), holding circa 40,000 and 2,000,000 of each token, respectively. <\/p>\n<p>The below graphic makes clear the remaining tokens in the LFG reserve: <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-05\/6c7628dd-555f-41e1-a0f1-6d3704e9eda7.png\"><\/figure>\n<p>The reason behind the disposal and sale of cryptocurrency in the LFG reserve was to support the health of the Terra ecosystem:<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">2\/ Consistent with its non-profit mission &amp; focus on the health of the Terra ecosystem, beginning on May 8, when the price of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24UST&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$UST<\/a> began to drop substantially below one dollar, the Foundation began converting this reserve to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24UST&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$UST<\/a>.<\/p>\n<p>\u2014 LFG | Luna Foundation Guard (@LFG_org) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/LFG_org\/status\/1526126704908828674?ref_src=twsrc%5Etfw\">May 16, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The counterparty that the group used has not been named. Cointelegraph experts have compiled an analysis on the Terra ecosystem implosion, questioning the \u201clong-term viability of algorithmic stablecoins.\u201d The current makeup of the LFG reserve is the following:<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-05\/dec22669-0d74-4d77-a8ce-210cac9febe6.png\"><figcaption style=\"text-align: center;\">LFG Reserve Balance Breakdown. Source:\u00a0https:\/\/dashboard.lfg.org\/<\/figcaption><\/figure>\n<p>Meanwhile, crypto enthusiasts with staked LUNA tokens should see LUNA returned to their wallets in the next 20 days. However, it will be worth less: LUNA&#8217;s price has fallen over 99% since its highs, currently sitting at $0.0002. <\/p>\n<p><strong><em>Related:\u00a0LUNA meltdown sparks theories and told-you-sos from crypto community<\/em><\/strong><\/p>\n<p>What was once a $50 billion ecosystem now has a total reserve balance of $82 million, prompting popular crypto influencer Cobie to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/cobie\/status\/1526129065437982720\">simply<\/a>\u00a0respond to the thread with:\u00a0\u201cBruh.\u201d<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/80-000-bitcoin-gone-what-s-left-in-luna-s-reserve-wallet\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; 80,000 Bitcoin gone: What\u2019s left in Luna\u2019s reserve wallet? &#8220; The Luna saga continues. In a Twitter\u00a0thread, the team behind the failed algorithmic stablecoin UST and the token LUNA shared precisely how much Bitcoin and crypto assets they had disposed of. The Luna Foundation Guard (LFG) also shared a promise to \u201ccompensate remaining users&#8230;<\/p>\n","protected":false},"author":1,"featured_media":447793,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvOTMwNDhlODItNjQxMC00Nzc1LThmYjQtNDcxNWFmN2Q1ZDI2LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74894,75493,122378,117,70934],"class_list":["post-447792","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-blockchain","tag-stablecoin","tag-terra","tag-business","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/447792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=447792"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/447792\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/447793"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=447792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=447792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=447792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}