As we know, he lost the legal process with #terralabs sec and was subjected to a huge penalty of around 4.6 billion. As a result, they announced that they would burn $LUNA , $LUNC and $USTC and sell the funds they had. The largest fund they had was #AVAX’ . The reason for the current decrease in #AVAX’ is due to Terra selling its #AVAX’ . In Lunc, the trading board is very active and the number of burns is very high today.