Holograph's first HLG burn has been completed, destroying a total of approximately 53.24 million tokens
On June 20th, Holograph, the full-chain NFT protocol, announced that it has completed its first HLG token burn, destroying a total of 53,249,975 tokens with 946,750,025 HLG tokens remaining to be burned. Additionally, there are currently around 800 million HLG tokens in circulation. After extensive discussions with the community, a plan has been initiated to restore the total supply of HLG tokens to 10 billion.
Previously, Holograph released a vulnerability update after a former contractor exploited a loophole to mint an additional 1 billion HLG tokens on Mantle, causing the protocol to be temporarily locked. The malicious actor has been frozen out of multiple exchange accounts, with at least 200 million of the extra tokens being frozen.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum Reserves hit 6-Year Low: Implications for ETH’s Bullish Surge
Unraveling the Impact of Plummeting Ethereum Reserves on XRP Gains and Bitcoin's Uncertainty
Can Ethereum Overcome Crucial Resistance Amidst Its Price Surge?
Evaluating Ethereum's Chances as MVRV Ratio Dips: Will Key Support Between $2,230 and $2,610 Hold Strong?
BREAKING: Late Approval from SEC – They Approved Bitcoin-Ethereum Spot ETF
Overview of jellyjelly: Rapidly reaching a market value of 180 million, an emerging SocialFi application focused on video chat sharing
The core function of JellyJelly is to capture the highlights of video chats and quickly transform them into shareable content.
Trending news
MoreCrypto prices
More
