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Avalanche

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/terraform-labs-executes-significant-transactions-involving-avax-and-bnb-tokens/" data-wpel-link="internal">Terraform Labs Executes Significant Transactions Involving AVAX and BNB Tokens</a><br></p>
<p>Terraform Labs and its non-profit organization, Luna Foundation Guard (LFG), associated with founder <strong>Do Kwon</strong>, have stirred excitement in the crypto community by executing significant transactions involving Avalanche (AVAX) and <a href="https://en.coin-turk.com/bnb-chain-bnb-will-it-reach-its-end-of-year-target-analysts-comments/" data-wpel-link="internal">Binance Coin</a> (BNB) tokens. A wallet linked to LFG transferred a substantial amount of 1,974,000 AVAX worth $71 million and 39,499 BNB worth $23.5 million to an undisclosed address.</p> 
<h2 id="lfg-s-significant-transactions">LFG’s Significant Transactions</h2> 
<p>Following LFG’s transactions, the <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market performance</a> of both <strong>AVAX</strong> and BNB tokens was affected. Currently, AVAX is trading at $36.13, down 2.08% in the last 24 hours, while BNB is at $593.14, a modest decline of 0.65%. These movements highlight the impact of large-scale transactions on cryptocurrency valuations and underscore the inherent volatility of the market.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-358037 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/luna.png" alt="" width="573" height="177"></p> 
<p>Despite <strong>BNB</strong> being the 4th largest cryptocurrency by market value at $87.5 billion, its recent performance reflects a struggle to maintain upward momentum. The token briefly reached a high of $601.33 but later fell to a low of $592.11. However, the significant increase in trading volume indicated rising demand, suggesting potential market resilience.</p> 
<p>Similarly, AVAX, ranked 12th by market value at $14.2 billion according to CoinMarketCap, experienced fluctuations, peaking at $37.05 daily before falling below $36. The 24-hour trading volume of the token decreased by 1.80% to $382 million, demonstrating the dynamic nature of the crypto field where trends can change rapidly.</p> 
<h2 id="foundation-s-statement">Foundation’s Statement</h2> 
<p>In light of these developments, <strong>LFG</strong> announced plans to support fund security while maintaining transparency and traceability standards. The organization aims to strengthen its security by transferring funds directly to a custody solution in the coming days, in line with broader efforts in the crypto <a href="https://newslinker.co/category/science/space/" target="_blank" rel="noopener" data-wpel-link="exclude">space</a> amid increasing scrutiny.</p> 
<p>The crypto market’s reaction to LFG’s transactions reminded the interconnectedness of various players and organizations within the ecosystem. While such moves can trigger short-term fluctuations, they also lead to discussions around security measures and market dynamics.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/terraform-labs-executes-significant-transactions-involving-avax-and-bnb-tokens/" data-wpel-link="internal">Terraform Labs Executes Significant Transactions Involving AVAX and BNB Tokens</a></h5>

Terraform Labs Executes Significant Transactions Involving AVAX and BNB Tokens

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