be “burned” as in dumped on the market? Luna pullback incoming?
No... Burned as in the 12 million Luna are removed from supply all together.
So where does the $$$ for the BTC purchase come from?
The Luna is burned to mint UST
Yea, I don't get it either. On the Terra . Smaktstake. io site it shows 13.5 million were dumped into the circulating supply today. That would be the reason the price dropped for a change.
That's because smart stake doesn't count TFL's holdings as circulating supply. Now that it's been given to LFG its counted as circulating.
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