According to WuBlockchain, the Luna project’s foundation apparently deposited $1.1 billion in BTC to another anonymous address ending in 50tv4q.
Luna Foundation has previously claimed that it had raised $2.2 billion for its Bitcoin reserves. If the foundation genuinely owns the wallet, it already holds half of the monies collected. It’s unclear whether the remaining funds will be transferred to the same wallet or to a different address.
The Luna Foundation Guard secured $2.2 billion to construct a separate Bitcoin reserve for the Terra (LUNA) network’s UST stablecoin, according to the Terra (LUNA) founder. A private sale round was used to raise the $1 billion.
Markets are said to have reacted positively to such a trend, with the price of the first cryptocurrency rallying to $45,000 and reaching the ascending range’s strong resistance line, where BTC had been for more than a month.
Bitcoin is currently trading at $44,575 and has yet to break through, indicating that there is insufficient buying power to propel the cryptocurrency out of the range. Unfortunately, the weekend activity is much lower than the usual trading volume during the week, according to the volume indicator.