Terra’s LUNA Price Hits New ATH at $106 !

Arrow

The price of Terra has reached yet another record peak after Luna Foundation Guard (LFG) made a series of major Bitcoin purchases.

LUNA price hit a new all-time high of $106.43, and it still has more room to go up. However, further buying pressure could push LUNA price upwards to reach a target of $122.

On Monday, March 28, the Terra Foundation added another $135 million worth of BTC taking their total Bitcoin purchase for the year 2022 to more than $1 billion. Terra has pledged to have $10 billion worth of Bitcoin in its reserves.

Speaking to Bloomberg News, Do Kwon, the founder of Tera blockchain confirmed the same. Data shows that the address belonging to the Terra Foundation purchased a total of 27,784.96954740 Bitcoins.