Luna Foundation Guard just moved $1.4 billion Bitcoin to an exchange

The Luna Foundation Guard is moving billions of Bitcoin crossed the blockchain.The wallet code “bc1q9d4ywgfnd8h43da5tpcxcn6ajv590cg6d3tg6axemvljvt2k76zs50tv4q” held 42,530 BTC but today, May 9 astatine 6:34 PM UTC the wallet was emptied. The code has antecedently been confirmed to beryllium the reserve wallet for LFG and has been steadily accumulating Bitcoin for months.

The Bitcoin has been transferred respective times to antithetic wallets, and each clip the equilibrium was moved successful its entirety wrong minutes of the confirmation. The equilibrium was past divided astatine wallet “bc1qsl,” wherever 12,530 BTC was kept, and 30,000 BTC went to different address. The 30,000 BTC had 7,000 BTC added from different wallet and was again divided into 2 parcels of 18,407 BTC. Both packages were sent to the Gemini Exchange according to information disposable online.

The transaction is inactive awaiting confirmation astatine the clip of writing.

Source: Blockchair

Do Kwon, took to Twitter to state that helium is “deploying much capital.” However, whether the assemblage volition admit a $1.2 cardinal merchantability marketplace bid for Bitcoin is not hard to answer. It is not known if the Bitcoin sent to Gemini volition beryllium sold but with the dollar peg of UST successful occupation it is 1 enactment LFG person astatine their disposal.