Anonymous trader GCR placed a $10 million bearish bet on Terra’s LUNA cryptocurrency in early 2022 and currently holds a large amount of Reddit community token Moons (MOON), an on-chain analyst said.
Prithvi Jhaveri of Loch Research said that GCR may have purchased 450,000 MOONs at an average price of 40 cents to 45 cents.
According to a post on the r/CryptoCurrency subReddit by Reddit user Nutcase420, GCR purchased 450,000 MOON tokens from the MEXC exchange and transferred them to cryptocurrency exchange Kraken via Arbitrum Nova 24 hours ago.