News/LFG Disclosed No Plan to Use $AVAX Reserves, Says Avalanche

LFG Disclosed No Plan to Use $AVAX Reserves, Says Avalanche

May 20,2022,09:25
Avalanche explains the details around the $AVAX reserves that Luna Foundation Guard (LFG) and Terraform Labs (TFL) hold through its twitter. TFL purchased 1.09m $AVAX with a one-year lockup, and LFG purchased 1.97m $AVAX. LFG has disclosed no plans to use the $AVAX. The Avalanche Foundation will work with LFG on a sensible trading strategy should LFG be ready to sell.
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