Terraform Labs, the company responsible for the development of Terra, and the Luna foundation Guard (LFG), have purchased a combined $200 million worth of Avalanche ($AVAX) to bolster the reserves of Terra’s UST stablecoin. According to an announcement from Terraform Labs, it swapped $100 million worth of its native token LUNA for AVAX to “strategically […]
- Post author:Auto News Feed
- Post published:April 9, 2022
- Post category:Trending Crypto news