Avalanche founder Emin Gün Sirer spoke about Terra and the collapse of the UST. Sirer is more effective than the DAO Hack event in terms of impact. He said he looked like Gox.
Emin Gün Sirer made some statements to Forbes about LUNA and UST, which shook the cryptocurrency market. Sirer said that the collapse in question was more important than the DAO Hack incident, even Mt. He thinks it’s as important as the Gox thing. As it is known, one of the largest crypto asset trading platforms of its time, Mt. Gox was hacked and declared bankrupt in 2014, which created a huge controversy. After the event, there was a huge drop in the price of Bitcoin.
Sirer also agrees with the prevailing view among market commentators that the collapse will bring tighter regulation.
Terra Partnership
Stating that the Avalanche foundation lost some money due to its partnership with Terra, Sirer underlined that this is not a problem for the foundation, on the other hand. .
LFG Holds Too Little AVAX
Terra foundation Luna Foundation Guard has roughly $60 million in reserves consisting of various crypto assets. In his statement on the subject, Sirer said that the foundation has a small amount of AVAX and even if the foundation wants to dispose of all its AVAXs at once, it will not cause a significant change in the price due to the large transaction volume. Squanch, one of the leading names in the domestic crypto community, made a similar statement in the past days.
– Luna foundation elindeki Avax’ların büyük kısmı kilitli…
– Satmak isterlerse almak için ulaştık…
– Bunların dışında bile günlük hacmin çok küçük bir fraksiyonu ediyor ellerinde Avax https://t.co/NfD1WUiy9T
— Squanch🔺 (@bit_gossip) May 16, 2022
AVAX has gained more than 10% in the last 24 hours and is trading at $31.23 at the time of publication. he sees.
