Will Terra Sell Its $92 Mln Avalanche (AVAX) Holdings?

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Avalanche cleared the air over the $92 million worth of AVAX tokens held by Terraform Labs and the Luna Foundation Guard (LFG).

The blockchain said that it does not believe Terra will sell its holdings of the tokens, and that it is willing to assist in any AVAX sales.

The holdings represent a small chunk of total AVAX supply, and could cause chaos in its prices if dumped. The LFG holds about 1.97 million tokens, while Terraform labs has about 1.07 million, Avalanche said.

The Terra Luna collapse has left many investors clueless about its future. However, Do Kwon, Terra’s head has introduced some plans to revive the chain

Terra holds over 3 Mln AVAX tokens

After the constant inquiry done by the AVAX community, the team informed that they are immobilized at the moment. It added that Terraform Labs (TFL) acquired around 1.09 million AVAX tokens and locked them up for a year. Avalanche mentioned that this amount of tokens represents 0.5% of the AVAX’s last week’s volume.

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