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Secret Network Mints ~1.079B SCRT, Diluting Supply by ~75%

Secret Network has issued approximately 1.079 billion SCRT tokens, representing a supply dilution of about 75%. This significant minting event raises concerns about the impact on token value and network economics.

Original source

AI take

The scale of this mint, roughly tripling existing supply in one event, puts Secret Network's token economics squarely in focus: dilution of this magnitude pressures holders and raises questions about how the new supply is allocated and whether it is locked, vested or immediately liquid. Privacy-focused networks already compete for a narrow pool of users and liquidity, so a supply shock of this size tests community trust as much as price. What matters next is disclosure: who received the tokens, under what schedule, and whether governance had a say.

Generated by AI for reference only.

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