ថេរ៉ា (LUNA) has extended its Bitcoin buying spree, becoming the second-largest corporate holder of the top cryptocurrency. As per this acquisition, the Luna Foundation Guard (LFG) purchased $1.5 billion worth of BTC as per the official annoucement. It did so via an over-the-counter deal with full-service digital currency prime broker លោកុប្បត្តិ and crypto trading firm រាជធានីព្រួញបី។
តើតម្លៃមានប្រតិកម្មយ៉ាងណា?
The aforementioned purchase brought Terra’s ទុនបម្រុងសរុប to more than $3 billion, the bulk of that in Bitcoin. It holds smaller shares of LUNA, AVAX, and USDT and USDC stablecoins.
The firm started buying Bitcoin in late February in order to ensure the stability of the TerraUSD (UST) token. Terra co-founder ដូកុន saw the transition to Bitcoin backing as the best interest of UST’s long-term price stability.
“For the first time, you’re starting to see a pegged currency that is attempting to observe the bitcoin standard,” said Kwon, according to ស្ថានីយទូរទស្សន៍ CNBC. "វាកំពុងធ្វើការភ្នាល់តាមទិសដៅដ៏រឹងមាំដែលការរក្សាទុនបម្រុងបរទេសជាច្រើនក្នុងទម្រង់ជារូបិយប័ណ្ណឌីជីថលដើមនឹងក្លាយជារូបមន្តឈ្នះៗ"។
Do Kwon expects that the non-profit’s Bitcoin holdings will eventually reach $10 billion. At press time, LFG held 80,393 Bitcoins whose total value stands close to $2.9 billion.
Despite this bullish scenario, the price didn’t quite showcase or rather reciprocate the same enthusiasm. Terra’s LUNA is under-performing, ធ្លាក់ចុះ more than 7% over the last 24 hours. Despite the recent success, deposits from Terra’s DApp witnessed a 3% setback, as it fell to $28.75b mark.
ប្រភព: ឌីហ្វីឡាម៉ា
Give me some sunshine…
Well, despite the headwinds, LUNA did showcase some promising pictures. Firstly, LUNA’s volumes metric saw a major spike following a bearish period. Improvements in the Terra ecosystem which drew the attention of millions of investors likely played the biggest role in the spike in LUNA trading volume.
ប្រភព៖ Santiment
Apart from this, developers too showcased a bullish scenario, thereby portraying some potential. Development activity is a reasonably good measure of how much potential, developers see in the project. The graph below paints a bullish picture looking at the surge.
ប្រភព៖ Santiment
In addition, the total number of unique addresses that hold assets in the said network បានឃើញ an increase as per CoinMarketCap. On 5 May, 1,575 new holders joined this bandwagon, a significant rise from April.
Moreover, weighted sentiment remained in negative territory as seen on Santiment. Ergo, an extended negative weighted sentiment could sometimes trigger a rally.
Source: https://ambcrypto.com/terra-from-ust-to-tvl-all-the-reasons-why-luna-might-be-gearing-up-for-a-rally/