Was there a massive 33534 2 AVAX Dump linked to the Luna Foundation Guard (LFG) and the Avalanche (AVAX) network? Understanding the situation around the potential AVAX dump stemming from the LFG's efforts to stabilize its UST stablecoin is crucial for any crypto investor. In the wake of the Terra Luna collapse, concerns arose about the LFG's reserves and their impact on other cryptocurrencies, specifically AVAX.
AVAX dips over 30% amid fear of Luna Foundation Guard dumping its AVAX to restore its stablecoin, UST to the dollar mark. LFG has Luna Foundation Guard is emptying its crypto reserves to bring its stablecoin back to its $1-peg, risking a massive AVAX selloff. The possibility of a large-scale sell-off by the LFG triggered volatility in the AVAX market.
Avalanche is paying the price for… What actually happened? Recent news highlights that The Avalanche Foundation has finalized the repurchase of 1.97 million AVAX tokens previously held by the now-defunct Luna Foundation Guard (LFG). These tokens were originally acquired by the LFG to bolster its reserves.
Luna Foundation Guard (LFG) purchased $100 million worth of Avalanche's AVAX tokens to strengthen its reserves back in April 2025, one month before the collapse. However, following the Terra Luna crash, the Avalanche Foundation took steps to mitigate the potential damage.
The Avalanche Foundation has announced plans to buy back 1.97 million AVAX tokens previously sold to the Luna Foundation Guard (LFG) before April 2025. This action demonstrates their commitment to stabilizing the AVAX ecosystem and protecting investors. It also confirms that La Fundación Avalanche llegó a un acuerdo para recomprar aproximadamente 2 millones de tokens AVAX vendidos a Luna Foundation Guard (LFG) en…
While initial fears of a devastating AVAX dump caused market jitters, The Avalanche Foundation ha completado la recompra de 1,97 millones de tokens AVAX, que previamente estaban en poder de la desaparecida Luna Foundation Guard. This proactive measure significantly reduced the risk of a massive sell-off and helped to restore confidence in the AVAX market. Understanding these events surrounding the 33534 2 AVAX situation offers insights into risk management and the interconnectedness of the cryptocurrency market. Despite the initial challenges, the Avalanche Foundation's strategic response helped to navigate a potentially precarious situation. AVAX is trading at $32.41. Según un anuncio en X de este miércoles, después de más de dos años, finalmente la «Fundación Avalanche» ha terminado de recomprar sus tokens «AVAX». El incidente de la desvinculación con el dólar ocurrió a pesar de que la Luna Foundation Guard, una organización sin ánimo de lucro con sede en Singapur y…