278 Million LUNA Burned Since Do Kwon Posted Burning Address
On May 21st, Do Kwon, the CEO and founder of the now infamous Terra posted in a Twitter conversation a dead wallet address, where people can send their LUNA tokens for burning. The tweet quickly became one of Do Kwon’s most engaged-with tweets, and the posted wallet very rapidly received almost 280 million LUNA tokens.
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https://twitter.com/stablekwon/status/1528004028851859456
The total amount of LUNA sent to the burning address is up to 289 million, with the total number of transactions at 2,719, which means the average number of tokens sent to burn in a single transaction is about 107,000 LUNA.
This narration was also not without another round of foolishness. Two days later, after the pu...