Post
Topic
Board Altcoin Discussion
Topic OP
Will LUNA burn the supply that was minted for the last 4 days?
by
disciplined
on 12/05/2022, 11:37:20 UTC
There were 343M LUNA on May 8th. Now, it's 10 times more than that.

If the team manages to recover LUNA to its level where it was a week ago, the price will be around $8 unless they burn the amount that was minted during this "incident".

Has anyone read anywhere where they said they're going to burn them later? (or it's not possible as the minting was done to balance out the UST price?)