Data from CoinMarketcap shows the circulating supply of $luna is over 6.5 trillion units with a maximum supply of over 6.9 trillion this increased circulating supply has negatively impacted the price of Luna by increasing selling pressure with a further decrease in price.
A buyback and burn mechanism would be a viable option for the team the question here is are the team having enough reserve funds to buy back the excessive supply of circulating Luna tokens? or would there be a further increase in circulating supply affecting the demand chain supply in the market?
LUNA will sadly never recover.
Time will tell i suppose, am still kind of optimistic.
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