A massive $LUNC burns occurred today, mostly caused by whale/CEX wallet moves and dumps.

While the price drop isn't great, this resulted in over $5.9 billion in LUNC burns, $740 million in LUNC added to the community pool, and a temporary huge staking reward.

If we had a 1.5% tax, this could have resulted in $17.7 billion in LUNC burns, $2.2 billion in LUNC added to the community pool, and even more rewards.

A reasonable 1.5% tax is good for the blockchain in many ways, especially when whales move their holdings. A burn tax can disincentivize dumping. With a 1.5% tax, everyone pays their fair share, including whales. Remember, the 1.5% tax proposal will be voted on after the tax on gas is complete. This will set the stage for a bull run!

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