Terra’s LUNA Outpaced The Overall Crypto Market by 17%
Terra’s LUNA outpaced the overall crypto market by 17% in the last 24 hours, rising to over $90 on Tuesday.
LUNA surged over the pivot support level of $80-$82 to as high as $92.07. At the time of writing, the price has dropped to $89.92. Following record levels over $120 earlier this month, the stock dropped roughly 37% in the first two weeks of April.
At the time of publishing, according to Luna Foundation Guard’s reserves running dashboard, LFG’s wallet presently includes nearly $1.74 billion in BTC, $550K million in other ERC-20 stablecoins, and $201K million in LUNA. The total value of the wallet now reaches $2,49 billion.
Bitcoin still holds the largest share of total assets with 69,8%, followed by USDC with 16%, LUNA with 8.1% and finally USDT with 6.1%. Luna Foundation Guard will also have the second-largest bitcoin wallet after Binance’s cold wallet if it achieves its objective of acquiring $10 billion in bitcoin.
Since April 18, the DeFi ecosystem’s stablecoin UST has exceeded BUSD in market cap, hitting over $17,5 billion. Terra and UST have seen unquestionable success in recent months. Behind only USDT and USDC, UST currently has the third-largest market cap of all stablecoins. UST’s market cap is presently 13th in the whole market.
According to research firm Delphi Digital, Terra also became the largest holder of Convex’s CVX token in the last 30 days, with nearly 2,5 million $CVX.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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