https://mobile.twitter.com/LFG_org/status/15261267030465822721/ As of Saturday, May 7, 2022, the Luna Foundation Guard held a reserve consisting of the following assets:
· 80,394 $BTC
· 39,914 $BNB
· 26,281,671 $USDT
· 23,555,590 $USDC
· 1,973,554 $AVAX
· 697,344 $UST
· 1,691,261 $LUNA
LFG | Luna Foundation Guard
@LFG_org
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2h
8/ As of now, the Foundation’s remaining reserves consist of the following assets:
· 313 $BTC
· 39,914 $BNB
· 1,973,554 $AVAX
· 1,847,079,725 $UST
· 222,713,007 $LUNA (of which 221,021,746 is currently staked with validators)
I only focus on bitcoin, the Luna Foundation Guard (LFG) bought 80,081 BTC but now remain 313 BTC. I was kind of sentimental when the bitcoin was bought and Luna wanted to add more, but this shows again how algorithmic stables coin should be avoided, algorithmic stables coin are not stable coin just like in the past, they are unstable.