Terraform Labs is selling AVAX, and the LFG address currently still holds 850,000 AVAX

According to a Twitter post by on-chain observer Ember, Terraform Labs is selling AVAX on the chain. The LFG address transferred 200,000 AVAX (US$2.89 million) to the "0x49ee" address on May 30 and began selling it. Currently, 147,000 AVAX have been exchanged for 2.11 million stablecoins.

It is reported that the Luna Foundation Guard (LFG) address received about 1.085 million AVAX (worth $15.35 million) on April 27 last year. In addition, the LFG address currently holds 850,000 AVAX (US$12 million).