The supply of Terra’s native token LUNA has exceeded 6.5 trillion.
According to data transmitted by The Block and received from Terra Analytics, the supply of LUNA has exceeded 6.5 trillion. As we quoted earlier, the LUNA supply, which was 340 million just a few days ago, rose to 6.5 trillion after the UST constant collapsed. As is known, this created a death spiral in the LUNA price. The supply was at 12 billion just yesterday.
Due to the inflation created by the supply, the Terra validators stopped the network twice. Terraform Labs said in a statement on Twitter. “Terra validators stopped the network to come up with a plan to reconfigure the network” used the phrases.
Recent developments have resulted in LUNA being delisted from many crypto-asset trading platforms. A few of them were Binince, Bybit and eToro.
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