The circulating supply of Luna (LUNA) surged to more than 6.5 trillion by the time the Terra blockchain was halted for a second time in an attempt to salvage the collapsing ecosystem. For the last few weeks — up until just three days ago — the supply of Luna was only around 340,000, according to data from Terra Analytics. That was until TerraUSD (UST) lost its peg to the dollar on Monday, kickstarting a downward spiral for Luna, a related token that was supposed to prop up UST’s value. Under the design of UST, sales of Luna were supposed to help the algorithmic stablecoin keep parity with the US dollar. But once UST ... (full story)