$LUNC held in custody on exchanges has$ begun to be withdrawn from hot wallets. In the last 24 hours, approximately 250 billion $LUNC were transferred from one exchange wallet to the hot wallets in a planned manner.
We believe these $LUNCs are held in custody on different exchange wallets. Combined, they could reach a very large sum.
These $LUNCs likely belong to no single investor! I suspect these funds belong to those who have been executing a scheme through Terra Classic for years, aiming to revive the chain.
In the chart, you can see the amount of LUNC withdrawn from the exchange. They made preparations for this withdrawal on June 18, 2025, and marked the wallets to be transferred
