Positive Signals of Expected Burn of Supply for Terra Luna
Will Terra Luna Burn Its Supply? Here is the expected news at last. The incineration process has begun on Luna's supply. The cryptocurrency is on the rise with news that some of the supply for Terra Luna will be reduced.
It was revealed that Terraform Labs, the architect of the UST and LUNA crisis, closed its offices in South Korea 9 days before the collapse, which strengthened the views that this crisis was a case of fraud. Terraform Labs Founder and CEO Do Kwon stated that the company closure process started long ago and said, "It is purely a coincidence that the Terra office in Korea was closed shortly before the 'accident'." Do Kwon also stated that he did not flee from South Korea due to the crisis, and he has been in Singapore since December.
Incineration started on Luna t...