Circulating Supply of Moons drops from 126M to 83M a 34% decrease as Reddit destroys their two biggest Moon Wallets - and price surges 272% in the last 24 hours.
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![[IMAGE]](https://b.thumbs.redditmedia.com/iM392s9gnu72wjLv54_LpndBGkF9PGK0TIqdu3Do6WQ.jpg) | Moons are up edit: 366%* in the last 24 hours after mods announced their plan forward for Moons. With the biggest takeaways being:
Although you probably know about most of this, one of the biggest things on that list happened earlier today. Reddit destroyed 43M Moons (34%), dropping the circulating supply from 126M to 83M Moons. Unlike burns to the dead wallet, Reddit deleted these Moons from existence. ------------------------------------ On this old screenshot from October you can see the circulating supply of 126M Moons And from the circulating supply screenshot today you can see the supply at 83.2M Moons. https://nova.arbiscan.io/token/0x0057ac2d777797d31cd3f8f13bf5e927571d6ad0 ------------------- Here is the transaction itself: ------------------- The circulating supply may drop a little bit farther as Reddit still has another ~500K in a few side wallets ------------------- If we consider the ecosystem Burn wallet with ~2M moons burned so far this year: That drops the circulating supply closer to ~81M. ------------------- I honestly might be dumb, but after seeing these updates - I'm more Bullish on Moons now than I was before the announcement. Congratulations to everyone that bought the fear dump after the sunsetting announcement. As a final note check out this insane 45 day chart for Moons [link][comments] |
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