The Luna Foundation Guard carried out a significant altcoin transfer following an agreement with the SEC. This transfer involved sending 1,974 million AVAX valued at $71.2 million and 39,499 thousand BNB valued at $23.5 million to a new address starting with '0x134'. The purpose behind this transfer, which sparked speculation about the organization's future plans and the rationale behind the movement, was to strengthen the overall security of its assets. This action was in response to Luna Foundation's recent announcement of a direct storage strategy, indicating a shift towards direct custody for improved security.

By highlighting the importance of fund security, Luna Foundation Guard clarified that the transfers were made to heighten the safety of the assets. While the exact connection of these transfers to the SEC agreement remains unclear, further details are expected to be disclosed during official filings in June, with experts predicting a substantial financial compensation element in the agreement.

In a separate development, the US SEC's lawsuit against Terraform Labs and founder Do Kwon included severe penalties and a permanent ban from the securities industry. Data sourced from Arkham revealed that the Luna Foundation Guard address still holds 313 Bitcoin (BTC) valued at approximately $21.3 million, 50,368 Ethereum (ETH) worth $188.5 thousand, and minor holdings of various altcoins.