Guard

Foundation

<ul class="news-points">
 <li>Luna Foundation Guard moves large amounts of AVAX and BNB tokens to an unknown address.</li>
 <li>The wallet shifts 1.974 million AVAX ($71.2 million) and 39.499k BNB ($23.5 million).</li>
 <li>AVAX and BNB are currently trading in a bearish track at $36.13 and $593.14, respectively.</li>
</ul>
Luna Foundation Guard (LFG), a Singapore-based non-profit organization connected to Terraform Labs and its founder, Do Kwon, has generated attention in the community with its recent large-scale crypto movements. A wallet address associated with LFG has transferred substantial amounts of Avalanche (AVAX) and Binance Coin (BNB) tokens to an unknown address.
LFG’s strategic token shift was revealed by Wu Blockchain, an X (formerly Twitter) account associated with Chinese crypto reporter Colin Wu. According to Wu Blockchain’s post, the wallet address moved 1.974 million AVAX, valued at $71.2 million, and 39.499k BNB, valued at $23.5 million, to an address identified as <a href="https://platform.arkhamintelligence.com/explorer/address/0x13463Aab3ECcE77Cfd8Cc28fA498a5F9DB242e27" target="_blank" rel="noopener noreferrer nofollow">0x13463Aab3ECcE77Cfd8Cc28fA498a5F9DB242e27</a>.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 The Luna Foundation Guard address suddenly had a large amount of transfers. Between 11:29 and 11:33 UTC+8, 1.974m AVAX (about 71.2 million USD) and 39.499k BNB (about 23.5 million USD) w…
 </blockquote>
 </div>
</figure>
The post <a href="https://coinedition.com/lfg-cashes-out-massive-avax-bnb-transfers-trigger-crypto-market-wobble/" rel="noopener noreferrer nofollow">LFG Cashes Out: Massive AVAX, BNB Transfers Trigger Crypto Market Wobble</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

LFG Cashes Out: Massive AVAX, BNB Transfers Trigger Crypto Market Wobble

Coin Edition

Other articles published on May 31, 2024

Bybit restructures executive team following $26M airdrop fiasco

EOS Network approves new tokenomics model to enhance its economic potential

5 Top Crypto To Buy Domains Shaping The Bull Run of 2024

Upbit Lists BEAM on Multiple Trading Pairs

Ether Options Show a Spike in Open Interest for $5,000 Calls

EOS Network Foundation implements major overhaul caps token supply at 2.1B

Join our free newsletter for daily crypto updates!