User:GethinWilliams23/sandbox

Wrapped Luna (WLUNA) is an Ethereum based token that's intended to represent Terra (LUNA) on the Ethereum blockchain. It is not LUNA, but rather a separate ERC-20 token that's designed to track the current version of LUNA's value.

There has been an extremely high amount of controversy over the handling of this cryptocurrency by American-based Digital Exchange Coinbase, when it suspended its trading of it on 27th May 2022, leaving many investors with inaccessible funds. Twitter action group #wlunarichgang are trying to find out more important information regarding the way the immutable smart contract that is linked to WLUNA is being completely ignored.

Large daily burns of the WLUNA token mean that the total supply has dropped from an initial 900 Billion tokens in May 2022, to just 291 Billion tokens as of 6th February 2023 a reduction of some 67% in just the last 9 months.