BitKwonnect? ‘Luna Brothers’ moment sees Terra inflate token supply 3,500% overnight By Cointelegraph

BitKwonnect? ‘Luna Brothers’ moment sees Terra inflate token supply 3,500% overnight
BitKwonnect? ‘Luna Brothers’ moment sees Terra inflate token supply 3,500% overnight

(LUNA), the in-house token of Blockchain protocol Terra, is undergoing major changes which are causing intrigue and despair in equal measure.

Data released on May 13 confirms that overnight, the embattled cryptocurrency’s supply expanded to an eye-watering 6.9 trillion LUNA.

LUNA vs. BitConnect market cap chart. Source: David Hoffman/ Twitter (NYSE:)
1-hour candle chart (Bitfinex). Source: TradingView