According to a tweet from Avalanche AVAX -1.53%, Terra form Labs (TFL) purchased 1.09 million AVAX with a one-year lock-up period, which represents about 0.5% of the AVAX trading volume in the past week. Luna Foundation Guard (LFG) purchased 1.97 million AVAX for use in the Terra Reserve Pool.
This allocation represents about 0.9% of AVAX’s trading volume over the past week, and LFG has not disclosed plans to use AVAX in light of the proposed Terra chain fork. If there are any plans to sell LFG reserves, the Avalanche Foundation is ready to work with LFG to develop a sound trading strategy.
