In May 2022, LUNC's supply exploded from 400 million to 6.5 trillion in a week. Now, the community battles this immense supply with a 1.5% burn tax and exchange contributions, but significant price impact remains a distant goal.
Picture this: a cryptocurrency's circulating supply, once a manageable few hundred million, balloons to over 6.5 trillion tokens in the blink of a single week. That's the dramatic origin story of LUNC, or Terra Classic, during a tumultuous May 2022. Today, the community grapples with this colossal inheritance, implementing burn mechanisms to pare down the gargantuan supply, a Herculean task that underscores the profound impact of that fateful minting event.
The May 2022 Implosion: When Trillions Were Minted
The genesis of LUNC's staggering supply can be traced directly back to the
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