LUNA just emptied their entire 1.3B+ BTC wallet

link to the wallet

So far it’s been moved to a new created address with no transactions before. This could just be a normal move or their preparation to sell. If LUNA decides to dump their entire stock of BTC it can move the price down -8-10% and trigger all buy orders on the way.

This is insane and very scary. I don’t wanna spread FUD and definitely don’t use this as financial advice but everybody should be aware especially holding LUNA,UST or BTC trades.

I personally doubt they would just sell their entire holdings and abandon their project. But it’s still an odd move in the middle of a big dip.

What’s your guess why they did it?