🚨 LUNC’S SUPPLY EXPLOSION EXPLAINED
Nearly all ~5.5T $LUNC in circulation was created during the Terra collapse in May 2022.
As LUNA’s price fell, the UST redemption mechanism kept minting more tokens—sending supply up roughly 20,000×.
That massive supply is what LUNC burns are fighting today.
#LUNC
Nearly all ~5.5T $LUNC in circulation was created during the Terra collapse in May 2022.
As LUNA’s price fell, the UST redemption mechanism kept minting more tokens—sending supply up roughly 20,000×.
That massive supply is what LUNC burns are fighting today.
#LUNC
