TechFlow reports, according to on-chain observer Yu Jin's monitoring, Terraform Labs is selling AVAX on-chain. The LFG address transferred 200,000 AVAX (worth $2.89 million) to the "0x49ee" address on May 30 and has begun selling them, having already exchanged 147,000 AVAX for $2.11 million in stablecoins.
It is reported that the Luna Foundation Guard (LFG) received approximately 1.085 million AVAX (valued at $15.35 million) on April 27 last year. Currently, the LFG address still holds 850,000 AVAX (worth $12 million).
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