fbpx
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
Thursday, March 30, 2023
Online Crypto College
CREATE FREE ACCOUNT
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • Login
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • Login
No Result
View All Result
Online Crypto College
No Result
View All Result

Huge Terra Supporter Pantera Capital Cashed Out 80% Prior to LUNA Crash

May 19, 2022
in Trading
Reading Time: 2 mins read
A A
Huge Terra Supporter Pantera Capital Cashed Out 80% Prior to LUNA Crash
ShareShareShareShareShare

Related articles

Algorand up over 12% following on from India partnership

Algorand up over 12% following on from India partnership

March 29, 2023
Italy led crypto trading in Q4’22 – $112K per user

Italy led crypto trading in Q4’22 – $112K per user

March 27, 2023

Even though the recent crash of Luna shook up the crypto world, not everybody is in the red during this burdensome period. Pantera Capital, a venture capital company that has backed Terra for a long time prior to the crash, managed to not only cash out 80%, but also make a massive profit. Let’s look at how Pantera Capital managed to use the crypto crash to its benefit.

How Did the Partnership Start

First of all, Pantera Capital invested in LUNA at the beginning of 2021, when Pantera funded the $25 million rally. Later in the summer, Pantera Capital joined the $150 million ecosystem fund of Terra Luna. However, Pantera Capital’s co-chief investment manager Joey Krug emphasized that the LUNA investments made in the summer of 2020, right after the Luna token made an entrance into the crypto market, are different from the VC company’s investments made in Terraform Labs. Ultimately, the reasoning behind these investments was rapid progress in developer adoption and a wide ecosystem.

Pantera Says It’s All About Timing

Moreover, Joey Krug explained that the venture capital company started cashing out gradually over the year. “The market has been fairly frothy over the year and thus we’d exited the majority of our positions before the UST crash happened,” says Joey Krug.

Additionally, Paul Veradittakit, a partner at Pantera Capital, has reported that since the investment of the funds, the VC company has made an enormous profit of about $169 million. The initial deposit was just $1.7 million. 

In contrast, a popular decentralized financial platform, Anchor, had a total value locked (TVL) of $16 billion. Now, after the stablecoin crash, the TVL sits at just over $150 million. Furthermore, the financial platform had to reduce its APY (annual percentage yield) from 20% to just 4%.


Credit: Source link

ShareTweetSendPinShare
Previous Post

Animoca Brands co-founder says web3 is growing despite the recent crypto crash

Next Post

Crypto exchange FTX expands into US stock trading

Related Posts

Algorand up over 12% following on from India partnership

Algorand up over 12% following on from India partnership

March 29, 2023

Ad Algorand (ALGO) — the blockchain-based cryptocurrency protocol that leverages proof-of-stake technology — is up over 12% in 24-hour trading...

Italy led crypto trading in Q4’22 – $112K per user

Italy led crypto trading in Q4’22 – $112K per user

March 27, 2023

Ad Italy led the charts as the highest crypto trading volume per person during the fourth quarter of 2022 with...

Bitwise CIO sees ‘no path forward’ for spot Bitcoin ETF

Bitwise CIO sees ‘no path forward’ for spot Bitcoin ETF

March 25, 2023

Ad Bitwise believes there is currently”no path forward” for a spot Bitcoin ETF with the SEC. Thus the company does...

Coinbase CEO sells shares prior to SEC warning

Coinbase CEO sells shares prior to SEC warning

March 23, 2023

Ad Coinbase CEO Brian Armstrong sold Coinbase shares prior to receiving a warning from the Securities and Exchange Commission (SEC),...

Binance’s Bitcoin liquidity for TUSD surges 250%

Binance’s Bitcoin liquidity for TUSD surges 250%

March 23, 2023

Ad Binance’s Bitcoin (BTC)  liquidity for its TrueUSD (TUSD) rose more than 250% on March 22 after it phased out...

Load More
Next Post
Crypto exchange FTX expands into US stock trading

Crypto exchange FTX expands into US stock trading

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

CFTC Receives DeFi Crash Course

CFTC Receives DeFi Crash Course

March 23, 2023
Coinbase CEO Compares SEC to Soccer Refs in Criticism of Lack of Clarity Around Crypto Regulation

Coinbase CEO Compares SEC to Soccer Refs in Criticism of Lack of Clarity Around Crypto Regulation

March 24, 2023
Jack Dorsey’s Bitcoin centric company Block ‘facilitates fraud

Jack Dorsey’s Bitcoin centric company Block ‘facilitates fraud

March 24, 2023
U.S. regulator sues CZ – Desperate attempt to damage Binance?

U.S. regulator sues CZ – Desperate attempt to damage Binance?

March 27, 2023
Solanaland Set To Commence Pre-sale Of Utility Token

Solanaland Set To Commence Pre-sale Of Utility Token

March 26, 2023

About Us

We provide the latest crypto news, trading tools, and up-to-date education to students and traders all over the world.

ENROLL FOR FREE

Latest Crypto Headlines

  • EU Proposes Cap on Anonymous Crypto Transfers
  • Bitcoin price briefly hits $29K despite regulatory crackdowns – Cointelegraph
  • EU Lawmakers Vote to Impose €1,000 Limit on Unidentified Crypto Transactions – Regulation Bitcoin News
  • U.S. and South Korea vying for Do Kwon trial; extradition destination uncertain
  • Binance’s reputation at risk as CFTC allegations raise concerns
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • Login
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 - OnlineCryptoCollege.com - All rights reserved!

No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • Login

© 2018 JNews by Jegtheme.

  • bitcoinBitcoin(BTC)$28,340.005.75%
  • ethereumEthereum(ETH)$1,809.545.23%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.00-0.10%
  • binancecoinBNB(BNB)$317.222.73%
  • usd-coinUSD Coin(USDC)$1.00-0.19%
  • rippleXRP(XRP)$0.5717.10%
  • cardanoCardano(ADA)$0.38728911.15%
  • staked-etherLido Staked Ether(STETH)$1,806.105.10%
  • dogecoinDogecoin(DOGE)$0.0759735.08%
  • matic-networkPolygon(MATIC)$1.148.68%
  • solanaSolana(SOL)$21.157.08%
  • binance-usdBinance USD(BUSD)$1.000.01%
  • polkadotPolkadot(DOT)$6.246.59%
  • litecoinLitecoin(LTC)$91.796.38%
  • shiba-inuShiba Inu(SHIB)$0.0000114.04%
  • tronTRON(TRX)$0.0646791.17%
  • avalanche-2Avalanche(AVAX)$17.264.84%
  • daiDai(DAI)$1.00-0.25%
  • uniswapUniswap(UNI)$5.995.14%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$28,296.005.32%
  • chainlinkChainlink(LINK)$7.256.69%
  • cosmosCosmos Hub(ATOM)$11.283.51%
  • leo-tokenLEO Token(LEO)$3.400.69%
  • ToncoinToncoin(TON)$2.123.49%
  • ethereum-classicEthereum Classic(ETC)$20.845.37%
  • moneroMonero(XMR)$157.912.53%
  • stellarStellar(XLM)$0.10560413.34%
  • okbOKB(OKB)$43.261.11%
  • Aerarium FiAerarium Fi(AERA)$7.15-13.10%
  • bitcoin-cashBitcoin Cash(BCH)$123.693.32%
  • filecoinFilecoin(FIL)$5.768.02%
  • AptosAptos(APT)$11.666.87%
  • lido-daoLido DAO(LDO)$2.4318.12%
  • true-usdTrueUSD(TUSD)$1.00-0.24%
  • hedera-hashgraphHedera(HBAR)$0.0610223.57%
  • quant-networkQuant(QNT)$121.842.24%
  • crypto-com-chainCronos(CRO)$0.0684353.07%
  • nearNEAR Protocol(NEAR)$1.946.05%
  • vechainVeChain(VET)$0.0231646.61%
  • ArbitrumArbitrum(ARB)$1.2510.36%
  • algorandAlgorand(ALGO)$0.2167969.11%
  • apecoinApeCoin(APE)$4.172.49%
  • internet-computerInternet Computer(ICP)$5.026.25%
  • blockstackStacks(STX)$1.0218.29%
  • the-graphThe Graph(GRT)$0.14743812.86%
  • fantomFantom(FTM)$0.46085314.95%
  • eosEOS(EOS)$1.155.04%
  • the-sandboxThe Sandbox(SAND)$0.647.40%
  • decentralandDecentraland(MANA)$0.607.36%