LUNA Hits All-Time Highs After Terra Network Upgrade — CoinDesk

October 4, 2021

Now, instead of being transferred to a community pool, LUNA is burned whenever UST is minted. About 23.4 million LUNA tokens (worth more than $1 billion at the current price) previously sent to the community pool were burned the day of the upgrade, Delphi Digital noted in its newsletter Monday.

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