Some major LUNA holders cashed out just before the crash.

May 31, 2022

UST and LUNA collapse cost investors billions of dollars in just a few days this month.

According to the CNBC report, Pantera Capital cashed out its holding worth of $171 million on a $1.7 million initial investment. 

Pantera Capital sold 87% of its holdings from January to April and then 8% more in May. The hedge fund is still left with 5%. 

The Winklevoss-backed  CMCC Global closed its position on LUNA back in March.

Hack VC sold its LUNA holdings back in December last year.

Mike Novogratz’s Galaxy Digital revealed in its Q1 earning fillings that LUNA was a major asset in its net realized gain on cryptocurrencies of $355 million.

Three Arrows Capital, Lightspeed Venture Partners and Coinbase Ventures were among the major Terraform Labs backers.