An In-Depth Review of the UST and LUNA Collapse

  • On May 21, in a controversial move Do Kwon tweeted the burn address to help users burn LUNA. This move caused LUNA to rise in price by more than 88% in a short time. Burning means to permanently remove a part of the currency from the market circulation, ensuring that the number of coins in circulation will be permanently reduced, which will directly cause deflation, with the effect of increasing currency prices.

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