It was recently announced that LUNA would be sold for BTC at $52/LUNA. This price represents the new floor for LUNA, according to some commentators on crypto-Twitter. Let us discuss about , What is the number of days where LUNA has closed above this price over the chosen period of time? Also, how many days has it closed below this price over the chosen period of time?
According to news reports, Terra’s nonprofit organization raised $1 billion through a private token sale. The funds will be used for Terra’s “UST Currency Reserve in Bitcoin.” UST is stablecoin based on Terra’s LUNA. We assumed, based on these new reports, that LUNA would be sold for BTC at a specific price.Which we heard it as $52/LUNA . As a result of this reserve of LUNA by BTC Terra’s sale of LUNA will increase up to $1 Billion.
From the tweet, we can assume Terra Protocol will be the largest bitcoin holder with a fixed price.
The Terra Protocol will be one of the largest holders of $BTC@saylor beware
— Do Kwon 🌕 (@stablekwon) March 2, 2022
Here’s the chart that shows the days of closing above and below $52 LUNA. Here we can see over the chosen period of time, the number of days when LUNA closed above $52 price were 77, and the number of days when it closed below this price was 14.