Terra Luna Gained Value

Supported by the rise in BTC prices, Terra Luna gained value and broke a record by hitting an all-time high.

With the rise of the leading cryptocurrency Bitcoin (BTC) to the level of $ 48 thousand, the cryptocurrency market in general seems to be affected by this situation. According to the latest information obtained; Terra (LUNA) reached an all-time high (ATH) today. Terra (LUNA) price rose to an all-time high of $106.14 on the Binance exchange earlier today. The cryptocurrency has gained more than 10% in the last 24 hours. With this increase, LUNA started to rank 8th among the most valuable cryptocurrencies. Singapore-based Luna Foundation Guard (LFG) purchased $135 million worth of Bitcoin (BTC) on Monday, according to a recent report by Bloomberg. It has been confirmed that the address associated with the foundation currently holds approximately $1.32 billion worth of Bitcoin. We can say that this purchase was actually effective in increasing the price of Bitcoin. Finally, on February 22, Terraform Labs founder and CEO Do Kwon announced his intention to increase the size of Bitcoin (BTC) reserves to 10 billion dollars. However, the technical infrastructure to realize this plan is not yet available.