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LUNA Supply Drops to All-Time Low – But Don’t Call It Deflationary

To keep up with the demand for Terra’s UST stablecoin, LUNA tokens are burned to maintain the $1 peg. All things being equal, less supply could help to support the price.

Updated Apr 10, 2024, 2:12 a.m. Published Apr 27, 2022, 5:40 p.m.
(Unsplash, modified by CoinDesk)
(Unsplash, modified by CoinDesk)