# Terra Foundation Wallet

**URL:** <https://classic-agora.terra.money/t/terra-foundation-wallet/3220>\
**Category:** Markets and Macro\
**Created:** [December 20, 2021, 5:53pm UTC](https://classic-agora.terra.money/t/terra-foundation-wallet/3220 "2021-12-20T17:53:36Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![maletor](https://sea2.discourse-cdn.com/terra/user_avatar/classic-agora.terra.money/maletor/32/1638_2.png) [@maletor](https://classic-agora.terra.money/u/maletor)\
**Post date:** [December 20, 2021, 5:53pm UTC](https://classic-agora.terra.money/t/terra-foundation-wallet/3220/1 "2021-12-20T17:53:36Z")

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The TFL labs genesis wallet has 370M Luna with current USD valuation of about $30B.

[https://finder.terra.money/columbus-5/account/terra1dp0taj85ruc299rkdvzp4z5pfg6z6swaed74e6](https://finder.terra.money/columbus-5/account/terra1dp0taj85ruc299rkdvzp4z5pfg6z6swaed74e6)

There is more non-circulating supply of Luna than circulating supply. 370M circulating vs a total of 470M non-circulating.

[https://terra.smartstake.io/break](https://terra.smartstake.io/break)

As Terra continues to expand, we can only expect Luna to be burnt from the circulating supply.

* * *

What is the plan for the money in this wallet?

Who are the owners of the multi sig?

Is this a problem for decentralization to have so much held by so few?

How do we unwind this?