The supply of Terra’s native token LUNA has exceeded 6.5 trillion.
LUNA supply has exceeded 6.5 trillion, according to data from Terra Analytics as quoted by The Block. 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.
Terra validators stopped the network twice due to supply inflation. “Terra validators halted the network to come up with a plan to reconfigure the network,” Terraform Labs said on Twitter .
Recent developments have resulted in LUNA being delisted from many crypto asset trading platforms. A few of them were Binince, Bybit and eToro.
