Could a Luna burn help the Luna recovery?

A Luna burn of its supply was one proposed idea to help the Luna recovery, but could it still happen? With the Luna crypto crash seeing the Luna circulating supply skyrocket to over 6.9 trillion coins, several holders wanted to see a Terra Luna burn to decrease this supply and potentially increase its value.

Why does Luna have to burn his tokens?

If Luna wants to achieve their old goals they must burn their tokens. With our system everytime we reach 10k mcap more 5% from the total supply will be burned. Burn Luna is a Meme-Token on the Binance Smart Chain that generates passive income for his holders by providing 5% Rewards in $BUSD on every transaction (buy/sell).

What is the Luna classic burn tax?

With a Luna Classic burn tax of 1.2% coming on September 20, these burns may continue to grow. As Luna Classic continues the old Luna's chain, with a circulating supply of 6.9 trillion, these burns will need to be pretty hefty to make an impact.

Why is Luna so valuable?

The more valuable LUNA becomes because the total Max supply drops. Current proposal was approved to double the burn rate to meet demand of UST needed to be minted. Something I do not understand is how can Luna both have a target supply of 1Billion while at the same time be burned?