In a series of transactions on Wednesday morning, Terra founder Do Kwon added another $230 million in BTC to the Luna-LFG wallet.
On Wednesday, the crypto market cap slipped 6% to $2.1 trillion, leaving a trail of red across the top coins.
After setting another all-time high of $119.18 on April 5, the LUNA price slid 8% after Kwon announced he’d added funds to the Bitcoin reserve.