LUNA/UST Short BTC Address Reenters Market with $9.5 Million WBTC Purchase
Main Idea
A LUNA/UST short BTC wallet has re-entered the crypto market, spending $9.5 million to acquire Wrapped Bitcoin (WBTC), reflecting a trend of institutional interest in tokenized Bitcoin.
Key Points
1. The LUNA/UST short BTC wallet has re-engaged in the crypto market with a $9.5 million WBTC purchase.
2. WBTC is a tokenized version of Bitcoin on the Ethereum blockchain, popular in decentralized finance (DeFi).
3. Institutional players are increasingly using WBTC to gain Bitcoin exposure while leveraging Ethereum-based DeFi solutions.
Description
Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! The LUNA/UST short
$BTC
$117993.9
+1.32%
Latest News
- Ethereum Treasury Accumulation by SharpLink and BitMine May Influence Supply and Price Trajectory Amid Growing Institutional Interest2025-07-26 18:18:40
- Pakistan’s Young Population and Excess Energy Could Support Growing Bitcoin Adoption and Mining Efforts2025-07-26 18:07:48
- Bitcoin Eyes Potential Rally Beyond $120,000 After Recent Liquidity Grab, Analysts Suggest Higher Targets2025-07-26 17:53:59
- Ripple’s Hidden Road Acquisition May Facilitate Institutional Integration Into DeFi Ecosystem2025-07-26 17:26:56
- Ethereum ETF Inflows Surge Past Bitcoin as Hedge Funds Drive Basis Trade and Spot Demand May Support Further Growth2025-07-26 17:13:17