Guard

Foundation

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

목차

COINTURK NEWS

2024년 5월 31일에 게재된 다른 기사

Crypto Adventure "AtlasNavi – The First AI Drive-to-Earn Navigation App"

NFT sales volume tumbles 54% in May: CryptoSlam

Dogecoin Whales Accumulate 700 Million DOGE Tokens in 72 Hours, What To Expect?

How WIF, BONK, and Other Meme Coin Mania on Solana Are Destroying the SOL Ecosystem

Moonbag Crypto Among Rising As Dogeverse And Solana Face Instability

Legal fees skyrocket in high-profile crypto bankruptcies

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!