Welcome to the r/CryptoCurrency Moon Burn Update for Moon Week 52. In this post we'll take a look at all Moon Burns between August 20th and September 16th.

For the uninitiated Moons are a community and governance token for rCryptoCurrency. They serve many unique purposes such as:

• Earning Moons for participation on the sub. (Yes distributions are back)
• Voting on Community governance for the sub.
• Burning Moons for a special membership.
• Approved entities can burn Moons to engage on the sub in the form of events/amas/others.
• Offchain earned Moons can be tipped to other Redditors on as an appreciation for their help or contributions.

One of the best ways to keep an eye out for updates about Moons on the sub is to look for Moon Week posts which happen once every 28 days. However the sub is critically lacking any updates on Moons that are actually burned this fconcept post aims to fill in the gap so readers can follow along with an almost monthly update on the number of Moons that were burned during each 28 day Moon period.

Let's talk Moon Burns!

Now that Moons are on both Arbitrum Nova and Arbitrum One, Moons are burned on both chains.

Between August 20th and September 16th:

• 112 Moons were burned on Arbitrum Nova in three unique burn events:
• 11,004 Moons were burned on Arbitrum One in nine unique burn events:
• The total number of Moons burned between both chains over the 28 day period is: 11,116 Moons.

Moon Burn Ranking Update:

Despite being new to Arbitrum One – Moons are the 11th most valuable asset (up one since the last update) in the dead address on Arbitrum One. With almost 47K Moons currently worth over $5.6k having been burned so far. Unlike many assets in the Arbitrum One burn address – No Moons were ever minted for the sole purpose of being burned.

https://arbiscan.io/address/0x000000000000000000000000000000000000dead

On Arbitrum Nova – Moons remain the number 1 asset is the Dead address with 2.667M Moons having been burned (Currently worth $319K)

https://nova.arbiscan.io/address/0x000000000000000000000000000000000000dead

This means between both networks 2.714M Moons have been burned to date.