According to Foresight News, the full-chain NFT protocol Holograph tweeted that it has completed the first HLG destruction, destroying a total of 53,249,975 tokens, and the remaining 946,750,025 HLGs are yet to be destroyed. In addition, the remaining amount of HLG in circulation is currently about 800 million. After extensive discussions with the community, the plan to restore the total supply of HLG to 10 billion has been launched.

Foresight News previously reported that Holograph released an exploit update, and its former contractor used the vulnerability to mint an additional 1 billion HLG tokens on Mantle, causing the protocol to be temporarily blocked. The malicious actor has had his accounts frozen on multiple exchanges, and at least 200 million of the additional 1 billion HLGs have been frozen.