52 Pickup

The third [REDACTED] was the most anticipated announcement for all #LUNAtics. Luna Foundation Guard has announced that they purchased $1B worth of $BTC as UST Forex Reserve denominated in Bitcoin. The fund was raised from several VCs such as 3AC, Jump where LFG sold the $LUNA for $52/each in return of $1B worth of $BTC. This price could be the floor price of $LUNA because the $LUNA bought by the VCs will be vested for 4 years. In this dashboard, we will take a look at the closing price of $LUNA for the past 90 days and see whether it has been below $52 or above.

Bar graph below shows the closing price of $LUNA for the past 90 days. We can see that the rally to $100 started from 90 days ago because Nov 30 is the last day the price trading under $52 for a while. Until the recent crash of $BTC which brought down the price to below $52 at end of January. Since then its trading around $52. The news of $1B was announced 5 days ago and we can see that the price reflected the new by going bonkers despite whole market is red. Maybe that is the last day we ever see $LUNA under $52 mark again.

In conclusion, for the past 90 days, 82% of that period $LUNA trade over $52. We will have to wait a little longer to see if $52 really is the floor price for $LUNA.

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52 Pickup