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Luna Foundation Guard’s $LUNC and $USTC Circulating Supply
1.85 billion #USTC and 222 million #LUNC✅ tokens were taken out of Luna Foundation Guard’s wallet address terra1gr0xesnseevzt3h4nxr64sh5gk4dwrwgszx3nw. The move comes as the account has been dormant for almost 2 years.
As a result, USTC circulating supply is now down to 7.1 billion. Crypto assets held by team, foundation, treasury, escrow funds are not counted in circulating supply. “Assets that are locked (via smart contracts or legal contracts), allocated to insiders (e.g. teams or private investors), or not sellable on the public market are generally not regarded as circulating, regardless of whether they are unlocked,” as per #CoinMarketCap .
These numbers reflect adjustments and not actual removals from circulation. Some LFG funds were miscounted as belonging to circulating supply.
