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Is Luna destroying supply of cryptocurrency?

One Luna holder argued the idea of destroying supply of the cryptocurrency to a similar plan by investors in the Shiba Inu meme coin. As of this weekend, 50 billion tokens have been reportedly incinerated.

What caused the Luna crypto crash?

The Luna crypto crash was caused by its connection to TerraUSD (UST), the algorithmic stablecoin of the Terra network. On May 7, over $2 billion worth of UST was unstaked (taken off the Anchor Protocol), and hundreds of millions of it were quickly liquidated.

What is Luna classic burn status?

The Luna Classic burn status is tracked by various websites that provide users with a chart that displays the number of tokens that have been burned since the burn mechanism initially went live, such as TERRARITY’s LUNC Burner. This allows users to track the burn progress and get a better understanding of the burn mechanism.

Do people self-sacrificing Luna to a burn address?

Oh no, people self sacrificing LUNA to a burn address to help recover price. 6.535 trillion is a really big number. 6.5 million wallets could burn 1 million LUNA each, and there would still be 35 Billion supply left. Plz don't voluntarily dump your exit liquidity.

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