Anchor Protocol Price Rallying Over 13% While Markets Tumble, Here's Why !

Anchor Protocol (ANC), the Terra blockchain’s biggest DeFi platform, appears to be swimming against the market tide. Its ANC token has managed to surge by more than 13% amid the market crash.

The global cryptocurrency market has shrunk by over 6.5% in the last 24 hours. Total market capitalization stands at $1.68 trillion. The largest Crypto, Bitcoin (BTC) prices have decreased by almost 8% in the time.

ANC TVL increases by 2% in last 7 days

Anchor Protocol token has come out to be the top price gainer in the last 24 hours. ANC token is trading at an average price of $2.17, at the press time. Meanwhile, Anchor Protocol’s total locked value (TVL) has increased by 2% in the last 7 days. ANC’s 24 hour volume has skyrocketed by over 300% to $208 million.

ANC TVL stands at $16.97 Billion. However, Terra’s UST stablecoin is the major part of this value. For the first time, total deposits in the Anchor protocol breached the $14 billion mark. Anchor offers very low risk involved returns on UST token deposits.

Anchor offers the highest annual yield among any DeFi platform, at 18%. This makes it extremely attractive for returns in times of market duress. ANC benefits from any inflows to the platform, given that it is Anchor’s governance token.

LFG bags $1.5 Bln worth of BTC

Recently, the Luna Foundation Guard (LFG) announced that they have bagged another $1.5 Billion worth of Bitcoin to accomplish its mission. The LFG got $1 billion worth of BTC by on the counter (OTC) swap for UST. This transaction was backed by a digital currency prime broker, Genesis. While other $500 million worth of Bitcoin purchase was made with the help of Three Arrows Capital (3AC).

The LFG is aggressively focusing on the heavy accumulation of Bitcoin for a while. This recent addition of 37,863 BTC has become the second $1 billion accumulation transaction by the organization. This has led the foundation to enter into the tally of the top 10 BTC holders in the world. Luna Foundation Guard’s wallet address shows that it now holds 42,530 amount of Bitcoins.

Recommended
Price Analysis

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Ashish Kumar

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.