Last month the Terra community initiated a token incineration worth $ 88.7 million, bringing LUNA to an all-time high of $ 54.95. However, Terra drew suspicion from the US Securities and Exchange Commission. Though regulators have not yet confirmed it, it says there are suspicions that Terraform Labs and its co-founder and CEO Do Kwon may have been involved in the illicit sales of unregistered securities through its mirrored assets (mAssets).