LFG Cashes Out: Massive AVAX, BNB Transfers Trigger Crypto Market Wobble

• Luna Foundation Guard moves large amounts of AVAX and BNB tokens to an unknown address.
• The wallet shifts 1.974 million AVAX ($71.2 million) and 39.499k BNB ($23.5 million).
• AVAX and BNB are currently trading in a bearish track at $36.13 and $593.14, respectively.

Luna Foundation Guard (LFG), a Singapore-based non-profit organization connected to Terraform Labs and its founder, Do Kwon, has generated attention in the community with its recent large-scale crypto movements. A wallet address associated with LFG has transferred substantial amounts of Avalanche (AVAX) and Binance Coin (BNB) tokens to an unknown address.

LFG’s strategic token shift was revealed by Wu Blockchain, an X (formerly Twitter) account associated with Chinese crypto reporter Colin Wu. According to Wu Blockchain’s post, the wallet address moved 1.974 million AVAX, valued at $71.2 million, and 39.499k BNB, valued at $23.5 million, to an address identified as 0x13463Aab3ECcE77Cfd8Cc28fA498a5F9DB242e27.

The Luna Foundation Guard address suddenly had a large amount of transfers. Between 11:29 and 11:33 UTC+8, 1.974m AVAX (about 71.2 million USD) and 39.499k BNB (about 23.5 million USD) w…

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