Since the last Moon ATH in March of 2024, a total of 1,237,442 Moons have been burned. Which equates to roughly 1.5% of the supply.

One of the most controversial topics on this sub is probably Moons, from the creation by Reddit INC and their later abandonment of the project, which was followed by insider mods selling large positions and wrecking the community.

Our community Governance Token is perhaps one of the best known low cap tokens in all of crypto. With a current circulating supply sitting just shy of $10.5m. But lots of those people may not know that once Reddit abandoned the project the remaining moderators (the mods that dumped positions on the community - such as u/tngsystems - were kicked off the mod team) and the project has continued.

So it may come come as a surprise to you that 1,237,442 Moons (approximately 1.5% of supply) has been burned since the last ATH - (and even more has been burned since Reddit abandoned the project prior to that.) Moons are essentially a fully distributed project (minus a handful of Moons held in the community fund ~600k) with a deflationary mechanism that involves third parties buying and burning Moon tokens.

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Lets jump into the numbers:

March 17th 2024 Circulating Supply: 79,805,321.19

July 27th 2025 Circulating Supply: 78,567,879.19

Total Moons burned since March 17th 2024: 1,237,442

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For those curious about the distribution of those burns -

Moons burned on Arb One: 651,522

Moons burned on Arb Nova: 585,919

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What I love about Moons is - it's one of a handful of tokens/project in crypto that isn't an outright ponzi or zero sum game that insiders use to extract money from everyone else. Because Moons are purchased by third parties and burned to host things like AMAs on Reddit, the circulating supply is always decreasing, and if the price of Moons drop the more Moons get burned to host those same AMA (everything else being equal) and the faster the available supply gets burned. Essentially providing a buffer from future drops.

If you want to learn more about Moons and the burn mechanisms behind Moons check out the Moon Week 64 Moon burn update: Here - Final fun fact over 1% of the Moon supply has been burned since January 1st this year. You can review those numbers in that update above.

I challenge you to find another low cap crypto project with better tokenomics?

Final note: This post is not meant to encourage anyone to buy Moons - despite the supply continually getting burned there is no guarantee that prices will go up. Pricing is based off supply and demand, and if supply drops and demand drops more then the price will not increase (obviously). It's meant to bring awareness to the fact that Moons are alive and IMO thriving.