Terra Passes Highly Anticipated Proposal to Burn Nearly 89M LUNA

Terra’s Do Kwon Was Served by SEC, New Lawsuit Shows

The Terra community on Tuesday night passed a popular proposal to burn about 88.7 million terra (LUNA) tokens, worth roughly $4.5 billion at current prices, and mint about four million to five million UST stablecoins, a decision that should further boost the Terra project, according to analysts.

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