According to Foresight News, the full-chain NFT protocol Holograph has completed the first HLG destruction, destroying a total of 53,249,975 tokens, with a remaining 946,750,025 HLGs to be destroyed. 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.

Previously, Holograph released an exploit update, which was used by a former contractor 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 HLG tokens have been frozen.