There are so many questions that I come across about Terra Luna. starting from whether to rise again? will it return to $1 ?
and I also can not respond because of my limited knowledge about this.
maybe here friends can explain a little about the possibilities that can happen to this Terra Luna coin.
I will appreciate any of your opinions. because good conclusions can not be drawn if only done alone. it requires collecting data from multiple sources and many people.
can if terraform labs want to buyback and burn the total supply currently circulating. currently the total supply of luna is 6t, if burned in half or even left less than 1t, I think it's possible. But if they don't, don't expect Luna to go up. I even doubt that Luna can maintain the current price.
I read all the replies friends above. and said it would be very difficult if terra luna had to go back to $1. and the thoughts of friends above are very acceptable because it is as you and all of you said, namely with the current supply it is very unlikely to return to $ 1. unless the team burns coins. and i see comments suggesting do kwon to burn terra luna to reduce circulating supply.
even CZ binance came to the point of commenting on this and suggesting the same. and what's interesting is the problem with terra's BTC which doesn't seem to have been used to buy back to restore the price. and CZ commented on this in her twitter. The point is CZ says where is the BTC which they say is for UST backup, why isn't it actually used for backup?
Cz Binance Twitter